Copper Stocks in Western Australia

1. Newcrest Mining

Market cap: AU$15.78 billion; current share price: AU$17.78

Newcrest Mining (ASX:NCM) is an Australia-based mining major player in Western Australian copper and gold. The company’s Telfer gold-copper mine in the Pilbara region is a fully owned project with both open-pit and underground operations.

In its FY22 report, the company announced that it produced 121,000 tonnes of copper and in its 2022 Annual Mineral Resources and Ore Reserves statement, the group ore reserves have an estimated 11 million tonnes of copper.

2. Sandfire Resources

Market cap: AU$1.61 billion; current share price: AU$4.06

Sandfire Resources (ASX:SFR) is an international copper ores mining company based in Australia. The company has several mining, development and exploration projects in Australia, Spain, Botswana and the US. Its DeGrussa operations, completed in 2013, are located 900 kilometers northeast of Perth; the company has made great progress since the project's initial discovery in 2009 and even set a precedent for resource development in Western Australia. The DeGrussa operations includes both the DeGrussa copper-gold mine as well as the Monty copper-gold mine.

In early October, the company extracted the final stope of ore from its DeGrussa mine, and the company is now beginning ramp down of the mine.

3. Cannindah Resources

Market cap: AU$114.93 million; current share price: AU$0.23

Cannindah Resources (ASX:CAE) is a Queensland-based gold and copper exploration and development company. The company’s Mt Cannindah project in New South Wales is located 100 kilometers south of Gladstone, Queensland.

In a recent report from August 2022, Cannindah Resources shared that it raised AU$2 million to continue drilling at its Mt Cannindah project, through 9.3 million shares for a price of AU$0.13 per share.

4. Cyprium Metals

Market cap: AU$49.65 million; current share price: AU$0.07

Cyprium Metals (ASX:CYM) is an Australian copper developer and the owner of the Nifty copper operation, which it bought from Metals X (ASX:MLX,OTC Pink:MLXEF) in March 2021, along with the rest of Metals X's copper assets. Collectively known as the Paterson exploration project by Cyprium, the assets are located in the famed Pilbara region. The Nifty mine produced 700,000 tonnes of copper between the time that it opened in 1993 and when it was placed into care and maintenance in 2019.

5. Recharge Metals

Market cap: AU$7.52 million; current share price: AU$0.17

Recharge Metals (ASX:REC) is an Australian copper explorer and developer. The company has three fully owned copper projects in Western Australia including its flagstone Brandy Hill South project, and its two exploration projects Tampa East and Bohemia. The Brandy Hill South project is located in the Murchison Region where drilling began immediately after listing.

In September the company announced that the Brandy Hill South project has resumed drilling with its Reverse Circulation drilling program. West Core Drilling, a Western Australian drilling company, has been contracted to complete the diamond drilling program next.