Each project is at or approaching drill-ready status. Byrock, secured in February 2025, is targeting Cu-Au porphyries in the underexplored northern Macquarie Arc. Theseus, optioned in May 2025 from Rimfire Pacific, lies near Evolution’s Cowal mine and hosts historic drill intercepts such as 20m at 0.73g/t Au from 6m. The company aims to finalise purchase and delineate targets for Q1 2026 drilling. Meanwhile, the Peake HMS Project is supported by promising assemblages from pan concentrates, including 35% zircon, 20% ilmenite, and 5% rutile—backed by HMS expert Ian Warland, discoverer of Iluka’s Jacinth-Ambrosia deposits.
Duncan Chessell emphasised that each of the three projects has the potential to be company-making, with funding now in place for initial drill programs at Peake and Byrock. With the exploration team led by veterans involved in over A$100 billion of discoveries, Copper Search is positioning itself as a technically driven, high-conviction explorer. A proposed rebrand to Altitude Minerals Ltd will reflect this expanded vision.
15 mins
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so basically they’re giving up on Cu and getting a new team to scratch around. How much money left ? don’t worry, I’ll answer it.
06 June
Summary of Placement
• $850,000 Placement at 1.7 cents
• Attaching 1 for 2 Option at 3.4 cents valid for 2 years
• Via two tranches – second tranche subject to shareholder approval
• Including $100,000 from Directors subject to shareholder approval
• 50M New Shares and 27M Options expected total new securities
Summary of Planned 1:4 Rights Issue
• To raise up to $504,000 from existing shareholders
• Future Record date of 3 June to allow buy in from new investors
• Right to 1 new share for every 4 shares held on the Record Date
• Same terms as placement above
• Shareholders can bid for Overs from shortfall pool
