Mount Hope Mining (ASX:MHM) is a copper and gold exploration firm based mostly in Australia. The corporate’s flagship Mount Hope undertaking within the prolific Cobar Basin is comprised of 4 tenements spanning 175 sq km. Mount Hope Mining’s acquisition of Fisher Assets has supplied it with full management over the undertaking.
The Cobar Basin, a area with a longstanding historical past of copper and gold mining courting again to the 1870s, has seen a flurry of great mining actions in recent times. In August 2024, Polymetals Assets (ASX:POL) finalized the acquisition of the Endeavor Mine, positioned 40 kilometers north of Cobar, which boasts JORC-compliant assets of 16.3 million tonnes grading 8 p.c zinc, 4.5 p.c lead, and 84 grams per ton (g/t) silver. In 2023, Metals Acquisition (NYSE:MTAL) efficiently acquired the CSA copper mine from Glencore, additional signalling the rising funding attractiveness of the Cobar Basin as a serious hub for copper manufacturing.
The Mount Hope undertaking has 4 granted exploration tenements: EL6837, EL8058, EL8290 and EL8654. The area is traditionally vital for its wealthy copper and gold deposits and has contributed considerably to Australia’s mining output for the reason that 1870s. Regardless of its long-standing mining heritage, the southern Cobar Basin stays underexplored, presenting a novel alternative for Mount Hope Mining to make the most of fashionable exploration methods to uncover untapped assets.
Firm Highlights
- Mount Hope Mining is a copper and gold exploration firm based mostly in Australia
- The corporate holds 100% possession of the Mount Hope undertaking within the prolific Cobar Basin, comprising 4 tenements spanning 175 sq km
- The Cobar Basin has lengthy historical past of copper and gold mining courting again to the 1870s, and just lately experiencing elevated M&A exercise.
- Mount Hope has recognized key zones of curiosity inside the undertaking and would be the goal for near-term phased exploration
- The corporate’s skilled and dynamic board and administration staff, deliver a wealth of experience in mineral exploration, company governance, and strategic planning.
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