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Highlights
Cosmo Metals finalises acquisition of Bingara and Nundle gold-antimony and copper projects in New South Wales
Exploration activities to commence at Bingara with geological mapping and sampling programs underway
LiDAR data collected to support development of 3D terrain models and refine exploration efforts
Cosmo Metals (ASX:CMO), operating in the mineral exploration sector, has completed the acquisition of two extensive projects in New South Wales. The Bingara and Nundle projects cover a large land area and are recognised for multi-commodity mineralisation, including gold, antimony, and copper. Both tenements are positioned within a known mineral-rich zone and will form the basis for the company’s upcoming exploration initiatives.
Focus Shifts to Bingara for Initial Work Programs
Initial on-ground efforts will concentrate on the Bingara project, where a geological mapping and sampling program is scheduled to begin at the Spring Creek trend. This location features shallow historical drill intercepts reporting gold mineralisation. The exploration plan aims to refine understanding of the area's geology to support the design of a future drilling program.
LiDAR Survey Supports Terrain Modelling and Mapping Efficiency
A recent light detection and ranging (LiDAR) survey has been conducted across both the Bingara and Nundle project areas. This marks the first full-coverage LiDAR study for the region. The processed data is expected to enhance exploration by generating a high-resolution digital terrain model. This model will offer detailed topographic contours and three-dimensional views of the land surface, which will support geological mapping and geochemical sampling programs.
Spring Creek and Northwest Bingara Identified for Initial Sampling
The company’s exploration strategy includes further geological mapping and rock chip sampling, particularly in the northwestern region of Bingara. The Evan and Corrigan prospects are identified as early priorities, with sampling programs set to validate historical workings and examine mineralisation in areas previously associated with antimony-gold and tungsten production. These activities will assess the distribution of known minerals and establish groundwork for subsequent phases of work.
New England Orogen Hosts Extensive Mineralisation History
The projects are located within the New England Orogen, an established geological province extending along the eastern coastline from New South Wales into Queensland. This region is historically linked with multiple mineral deposits, including prominent gold-antimony and gold-copper occurrences. Notable examples from the belt include the Hillgrove and Mt Morgan deposits, which reflect the broader mineral framework in which Bingara and Nundle are situated.
Strategic Approach to Unexplored Ground
With the completion of the acquisition, Cosmo Metals has outlined a phased exploration program that integrates historical data with modern survey methods. The approach aims to systematise fieldwork while efficiently identifying key areas of interest across the extensive land holding. By combining traditional sampling with new terrain modelling technologies, the company is preparing for broader exploration activities that will span multiple prospects across the project areas.
