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Eagle Mountain’s Oracle Ridge reset opens a funded copper exploration phase
4:51pm on Thursday 22nd of October, 2026 AEDT
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Mining
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Eagle Mountain’s Oracle Ridge reset opens a funded copper exploration phase
4:51pm on Thursday 22nd of October, 2026 AEDT
Key Points
Nittetsu operates Oracle Ridge and is funding the remaining US$16.5 million earn-in expenditure
Eagle Mountain retained a 20% interest in the 28.2Mt, 380,000t contained-copper resource
FY2026 profit was A$7.27 million, largely driven by non-cash debt and deconsolidation gains
Cash increased to A$2.90 million while borrowings fell to zero
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