Significant Resource Growth Potential - Chile

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Stock Cobre Ltd (CBE.ASX)
Release Time 1 Jul 2026, 8:21 a.m.
Price Sensitive Yes
 Cobre Ltd Announces Significant Resource Growth Potential at Sierra Atacama
Key Points
  • Underground mapping confirms a broader mineralised system supporting future larger-scale open pit resources
  • New mineralised corridor defines near-term open-pit targets with potential to deliver supplementary feed
  • High-grade sulphide system remains open at depth providing transformational upside
Full Summary

Cobre Limited (ASX: CBE) has announced significant resource growth potential at its Sierra Atacama copper operations in Chile. The company's ongoing work programmes are focused on converting the existing NI 43-101 resource into a JORC-compliant Mineral Resource Estimate (MRE), while simultaneously evaluating near-mine opportunities for resource growth and future operational expansion. Key highlights include the confirmation of a broader mineralised system through underground mapping, the identification of a new mineralised corridor that defines near-term open-pit targets, and the potential for a large underlying sulphide system. These findings support the company's strategy to build a larger, longer-life copper operation in Chile.

Outlook

Cobre Ltd anticipates continued exploration and resource development at Sierra Atacama, with a focus on converting the existing resource into a JORC-compliant MRE and evaluating near-mine expansion opportunities.