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Copper Search targets large-scale discoveries across copper, gold and HMS

New strategy, elite technical team, and funded drill programs set up an active year ahead
Copper Search (ASX:CUS) has evolved from a single-project explorer in South Australia’s IOCG terrain to a multi-commodity, multi-target company with an expanding pipeline of copper, gold, and heavy mineral sands (HMS) projects across Australia. CEO Duncan Chessell outlined the company’s new strategy, emphasising disciplined target selection backed by a high-calibre technical review panel. The current focus is on three active projects: the Peake HMS Project in South Australia, and two copper-gold projects in New South Wales—the Byrock Project and the newly optioned Theseus Project in the southern Macquarie Arc.
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.
Watch Duncan Chessell’s full presentation for insights into the company’s drilling plans, commodity outlook, and path to discovery.

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