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Cobre unlocks A$90m to accelerate Sierra Atacama copper growth

11:52am on Friday 2nd of October, 2026 AEST • Mining
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Cobre unlocks A$90m to accelerate Sierra Atacama copper growth

11:52am on Friday 2nd of October, 2026 AEST
Key Points
  • A$90 million raised at A$0.30 per share before costs
  • Approximately A$17.7 million second tranche issued to major shareholders and directors
  • Funds earmarked for Sierra Atacama ownership and debt repayment
  • Plant upgrades and resource, near-mine and sulphide drilling planned
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