Hammer Metals Ltd (HMX) – ASX Release

Perentie Drilling Results and First Half Exploration Activities

  • First pass RC drilling confirms zones of high-grade copper mineralization co-incident with the Perentie targets. Intersections include:

    • 2m at 2.42% Cu from 74m including 1m at 4.21% Cu and 0.13g/t Au from 75m in HDRC012 at Paddy B and,

    • 2m at 2.36% Cu and 2g/t Au from 37m in HDRC016 at Trackside.

  • Addition of the new Jubilee copper-gold resource to Hammer’s expanding resource inventory in Mary Kathleen area prompts initiating mining studies on Hammer’s group of deposits in the district.

  • Thick zones of copper-gold mineralisation identified at the Black Rock Project, 5km west of the Jubilee and Elaine deposits.

  • Reconnaissance exploration of Mount Philp Breccia projects recommences following award of CEI grant.

  • Exploration in Q1 will focus on the large Mount Philp Breccia and Perentie IOCG projects with pit optimization studies planned initially for Hammer’s new Jubilee copper-gold deposit near Mary Kathleen.

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