CUS – Copper Search

Copper Search (ASX:CUS) has evolved from a single-project explorer in South Australia’s IOCG terrain to a multi-commodity, multi-target company with an expanding pipeline of copper, gold, and heavy mineral sands projects across Australia. CEO Duncan Chessell outlined the company’s new strategy, emphasising disciplined target selection backed by a high-calibre technical review panel. The current focus is on three active projects: the Peake HMS Project in South Australia, and two copper-gold projects in New South Wales — the Byrock Project and the newly optioned Theseus Project in the southern Macquarie Arc.

Each project is at or approaching drill-ready status. Byrock, secured in February 2025, is targeting Cu-Au porphyries in the underexplored northern Macquarie Arc. Theseus, optioned in May 2025 from Rimfire Pacific, lies near Evolution’s Cowal mine and hosts historic drill intercepts such as 20m at 0.73g/t Au from 6m. The company aims to finalise purchase and delineate targets for Q1 2026 drilling. Meanwhile, the Peake HMS Project is supported by promising assemblages from pan concentrates, including 35% zircon, 20% ilmenite, and 5% rutile—backed by HMS expert Ian Warland, discoverer of Iluka’s Jacinth-Ambrosia deposits.

Duncan Chessell emphasised that each of the three projects has the potential to be company-making, with funding now in place for initial drill programs at Peake and Byrock. With the exploration team led by veterans involved in over A$100 billion of discoveries, Copper Search is positioning itself as a technically driven, high-conviction explorer. A proposed rebrand to Altitude Minerals Ltd will reflect this expanded vision.

15 mins