• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks
    copper investing

    Comet Resources Announces Proposed Acquisition of new Copper Exploration Project in NSW, Australia

    Everett Tang
    Jan. 22, 2020 03:16PM PST
    Australia Investing
    ASX:CRL

    Comet Resources Announces Proposed Acquisition of new Copper Exploration Project in NSW, Australia

    Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce the proposed acquisition of a new copper exploration project in NSW, Australia.

    The 2,375ha exploration license that covers the project area, EL8492, is located near the town of Barraba, approximately 550km north of Sydney. It sits along the Peel Fault line and encompasses the historic Gulf Creek and Murchison copper mines. The region is known to host volcanogenic massive sulphide (VMS) style mineralisation containing copper, zinc, lead and precious metals. Historical workings at Gulf Creek produced high-grade copper and zinc for a short period around the turn of the 19th century, and this area will form a key part of the initial exploration focus.

    Comet believes that copper is set to see an increase in demand due to the global efforts to reduce emissions from the transport network and also from generation of electricity. Copper is not only an important part of the batteries used in battery electric vehicles (BEV’s), but is also used extensively in the electric motors that drive the wheels of BEVs, and is also used intensively in the generation of eletricity from renewables, such as solar and wind. The Company believes that Barraba copper project complements its existing Springdale graphite project due to their shared end uses in batteries for BEV’s, and better utilises available board and management resources with the aim of driving shareholder value.

    Comet Resources Managing Director, Matthew O’Kane, commented” “It is an exciting opportunity for Comet to be able to acquire the Barraba Project as it is in a prospective location and hosts a number of drill ready targets. We will be working hard to be in a position to test the project’s prospectivity as soon as possible after completion.”

    To read the rest of the Comet Resource Press Release, click here.

     

    peel fault lineaustraliabarraba projectcopper investingasx:crl
    The Conversation (0)

    Go Deeper

    AI Powered
    Closeup of the end of many copper cylinders of varying sizes.

    Top 5 ASX Copper Stocks of 2025

    Three copper bars.

    ASX Copper Mining Stocks: 5 Biggest Companies

    Latest News

    Quarterly Cashflow Report - June 2025

    Quarterly Activities Report - June 2025

    Quarterly Activities Report and Appendix 5B

    Quarterly Activities/Appendix 5B Cash Flow Report

    BPH Energy Limited Quarterly Activities Report

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    Blackstone Minerals

     
    BSX:AU

    Osisko Metals: Pure Potential

     
    OM:CA

    Los Andes Copper

     
    LA:CA

    Questcorp Mining

     
    QQQ:CC

    Cygnus Metals

     
    CYG:CC

    Empire Metals

     
    EPMLF
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×