Significant Resource Growth Potential - Chile
| 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
- 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
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.
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.