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Somerset Minerals Secures $2.39M to Unlock High-Grade Coppermine Copper Targets

4:24am on Monday 2nd of June, 2025 AEST Mining
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Somerset Minerals Secures $2.39M to Unlock High-Grade Coppermine Copper Targets

4:24am on Monday 2nd of June, 2025 AEST
Key Points
  • Shareholders approve 100% acquisition of Coppermine Project
  • Reprocessed geophysical data reveals 15 anomalous zones with strong copper signatures
  • $2.39 million capital raise committed to fund ~1,500m maiden drill program
  • Sale of Valle del Tigre II concession to Barrick Gold completed with 1.5% royalty retained
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