
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
December 09, 2024
Somerset Minerals Ltd (“Somerset” or the “Company”) (ASX:SMM) is pleased to advise that it has entered into a conditional agreement to acquire 100% of the issued capital of Sentinel Resources Pty Ltd (“Sentinel”), which, through its local subsidiary, holds the Coppermine Project (the “Project”) in Nunavut, Canada.
Importantly, the Coppermine Project hosts 1,055 km2 of the prospective Copper Creek Formation basalts, and is interpreted to include the strike extensions to White Cliff’s high priory targets of Vision, Stark, Thor and Rocket (Figure 2 & 3), with the prospectivity of the wider project area also supported by extensive surface sampling and historic exploration (Table 1). Importantly, Somerset holds the ground entirely around and along strike from White Cliff’s recently acquired Danvers prospect which contains a non-JORC or NI 43-101 resource of 4.16Mt @ 2.96% Cu.
Click here for the full ASX release
This article includes content from Somerset Minerals licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
SMM:AU
The Conversation (0)
17h
Copper Price Update: Q3 2025 in Review
Copper prices were volatile during Q3, swinging to record highs of US$5.81 per pound on the COMEX.The movement was fueled by traders importing copper products into the US following President Donald Trump’s tariff announcement on July 8. However, prices fell in early August as the White House... Keep Reading...
21h
Panama Sets Firm Ownership Terms Ahead of Cobre Mine Negotiations
Panama will demand that any new deal to reopen the US$10 billion Cobre Panama copper mine explicitly recognizes the state’s ownership of the land and its mineral resources, Finance Minister Felipe Chapman said according to a Bloomberg report.“For us, it’s important to have an agreement that... Keep Reading...
16 October
Top 5 Australian Mining Stocks This Week: Bougainville Copper Soars on Panguna Update
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Companies focused on critical minerals copper, cobalt, antimony and rubidium form this week’s top performers, showing an alignment with... Keep Reading...
16 October
AFDG via Butembo Acquisition Becomes First US Public Company in the Democratic Republic of the Congo (DRC)
The Governments of the United States and the Democratic Republic of the Congo (DRC) co-hosted the U.S.–DRC Economic and Investment Forum in Washington, D.C. The two-day event convened senior officials from both governments, institutional investors, representatives of major development finance... Keep Reading...
15 October
Domestic Metals Clarifies First-Tranche Financing Close
Domestic Metals Corp. (the "Company" or "Domestic") - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) reports further to their news release dated October 9, 2025 announcing the closing of a first tranche of the LIFE Offering (the "Offering") issuing an aggregate 4,695,715 units of the Company ("Units") at... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00