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.


The information contained has been prepared by third parties. No warranty of accuracy or reliability is given in relation to any advice or information contained in this document and no responsibility for any loss or damage whatsoever arising in any way for any representation, act or omission, whether express or implied (including responsibility to any persons by reason of negligence), is given by DJ Carmichael Pty Limited or any officer, agent or employee of DJ Carmichael Pty Limited.