Coffee with Samso

A Copper-Gold Story in Prime Location, Mt. Isa, Queensland.


Listen Later

Cooper Metals Limited (ASX: CPM) is an mineral exploration story chasing concepts for Copper and Gold. We speak to Ian Warland, the Managing Director, in Coffee with Samso, Episode 122.   Ian is a exploration geologist with more than three decades of experience and he shares with us the concepts of the Cooper Metals story.   Copper is where you see it on the surface - Ian Warland.   When I first looked at Cooper Metals I was surprised at the location of their tenure in Mt. Isa which is right in the heart of the Mt. Isa Inlier story. It is very much like the Miramar Resources story with the Gidji JV in Kalgoorlie. The Mt. Isa East project is literally within stones throw from major deposits. There are deposits with world class numbers that are within the same region.   I am not saying that there is a like for like resemblances in the geology but it tells me that the region is a melt of mineralisation. A nearology story that has proven success and the fruits are well endowed. There is no doubt that the company will find smoke in their exploration as they recently announced some great rock chips from existing trenches (Mt Isa East rock chip assays up to 35.3% Cu and 7.96g/t Au).   My thoughts are that the Queensland project is the one to watch for now. As Ian mentioned, their next step is to fly a new geophysical survey which will give them more detailed understanding on where the potential mineralisation can be found.       The next targets for the company is the Yarmana project and the Gooroo project in Western Australia. These are more early stage projects but their potential is not to be ignored. I like the Yarmana project as there have a tenement that is adjacent to the world class Gruyere Gold mine which is owned by Gold Road Resources Limited (ASX: GOR).   The Gooroo project may be my third choice but the recent change in understanding of the greenstone presence within the Gullewa Greenstone belt may be more than interesting.   The Project area is located within the Archaean Gullewa Greenstone belt in the Murchison Province of the Archaean Yilgarn Craton. The area is prospective for Archean gold and Volcanic Massive Sulphide deposits. Silver Lakes (ASX: SLR) Deflector Cu-Au deposit is located ~ 26km north of the Gooroo Project.     Let's listen to these chapters:   00:00 Start 00:20 Introduction 01:05 Ian Warland introduces Cooper Metals Limited. 01:58 How did Cooper Metals get the projects? 05:14 How much of a correlation does surface mineralisation have with discovery? 08:00 Why did Cooper get the opportunity of these projects? 10:28 Neighbours in Mt. Isa are finding great results. 11:43 Comments on the recent announcement. 11:59 Copper is where you see in on the surface. 13:41 Was there a model of chasing nearby projects prior to listing on the ASX? 15:59 Geophysics have come a long way. 16:18 Reasons why Geophysics today, can change the prospectivity of a project. 17:21 The other projects. 18:12 The Gooroo Project. 19:45 Chasing concepts is how to find new deposits. 21:04 The Yarmana Project. 21:53 The Endless possibilities of Mineral Exploration. 23:35 Why the discoveries are being made from projects not loved/unloved. 25:20 What is the plan going forward? 27:32 Is there a labour issue for the company? 28:44 How long will this resource boom continue? 31:38 What is Ian's last words to investors? 33:21 The positives of the Cooper Metal story? 34:40 Uranium potential 35:47 Concluding comments from Samso. 36:49 Ian's concluding comments. 37:23 Potential for Copper Metals. 37:59 Conclusions
...more
View all episodesView all episodes
Download on the App Store

Coffee with SamsoBy Samso


More shows like Coffee with Samso

View all
Energy Insiders - a RenewEconomy Podcast by RenewEconomy

Energy Insiders - a RenewEconomy Podcast

33 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

37 Listeners

Chanticleer by Australian Financial Review

Chanticleer

18 Listeners