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Coolabah Metals Limited is a minerals exploration company that was incorporated on 28 July 2021 for the purpose of identifying, acquiring and developing prospective copper, gold and base metal assets throughout Australia. The Company has acquired, or entered into agreements to acquire (subject to satisfaction of certain conditions precedent), a 100% legal and beneficial interest in a number of tenements comprising three separate projects in New South Wales and Queensland:
(a) the Nymagee Project (NSW) which comprises three granted exploration licenses covering 533.3km2 centred approximately 5km East of Nymagee township in the Lachlan Fold Belt (NSW) and is within close proximity to known high-grade polymetallic Cobar Style Deposits;
(b) the Coolabah Project (NSW) which comprises four granted exploration licenses covering an area of 1,177km2 centred around the Coolabah township in the Lachlan
Fold Belt (NSW), with previous geochemistry highlighting significant copper anomalism coincident with magnetic anomalies akin to the nearby
Girilambone-Tritton-Constellation Copper Deposits; and
(c) the Gunpowder Creek Project (QLD) which comprises one exploration licence covering 119km2 north-west of the Mount Isa Copper-Lead-Zinc deposits, with a previous 5km strike length of historic gold working with high grade rock chip samples up to 32g/t gold,
(together, the Projects)
The Company is currently the registered holder of three granted exploration licences which form part of the Coolabah Project and has entered into a binding tenement sale agreement with Bacchus Resources Pty Ltd dated 23 August 2021, pursuant to which the Company will acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in the remaining tenements making up the Projects.
It is anticipated that CBH will list on the ASX during June 2022.
(a) the Nymagee Project (NSW) which comprises three granted exploration licenses covering 533.3km2 centred approximately 5km East of Nymagee township in the Lachlan Fold Belt (NSW) and is within close proximity to known high-grade polymetallic Cobar Style Deposits;
(b) the Coolabah Project (NSW) which comprises four granted exploration licenses covering an area of 1,177km2 centred around the Coolabah township in the Lachlan
Fold Belt (NSW), with previous geochemistry highlighting significant copper anomalism coincident with magnetic anomalies akin to the nearby
Girilambone-Tritton-Constellation Copper Deposits; and
(c) the Gunpowder Creek Project (QLD) which comprises one exploration licence covering 119km2 north-west of the Mount Isa Copper-Lead-Zinc deposits, with a previous 5km strike length of historic gold working with high grade rock chip samples up to 32g/t gold,
(together, the Projects)
The Company is currently the registered holder of three granted exploration licences which form part of the Coolabah Project and has entered into a binding tenement sale agreement with Bacchus Resources Pty Ltd dated 23 August 2021, pursuant to which the Company will acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in the remaining tenements making up the Projects.
It is anticipated that CBH will list on the ASX during June 2022.
