Constellation Resources Ltd (ASX: CR1) is an emerging exploration company focused on critical minerals and energy transition opportunities in Western Australia.
Its portfolio encompasses copper-gold, nickel-copper sulphides and natural hydrogen, reflecting its strategic objective to develop resources aligned with growing global markets.
Located northeast of Perth, the Ularring project covers 187 square kilometres in the Yilgarn Craton. Historical drilling at the Centre Forest Prospect revealed promising results, such as 19 metres at 2.02 g/t gold and 0.16% copper, highlighting the potential for high-grade copper-gold zones.
Situated in the Fraser Range province, the Orpheus Project spans 340 square kilometres. It targets nickel-copper sulphides and includes a joint venture with Enterprise Metals, where Constellation holds a 70% stake. Soil sampling has identified nickel and copper anomalies, with aircore drilling planned upon finalising heritage agreements.
As a first mover in Western Australia's natural hydrogen sector, Constellation has secured six SPA-AO applications, covering 56,192 square kilometres. These areas are considered highly prospective for natural hydrogen and helium. Natural hydrogen is a cost-effective, low-emission energy source with growing global demand.
Constellation has a robust financial standing with A$1.9 million in cash and no debt. A recent capital raise secured A$1.4 million to support exploration activities.
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