Coppermoly Limited was granted a 320 km2 tenement exploration license EPM27835 (Fox Creek Project) ­ on the Mt Isa Inlier in northwest Queensland. The tenement area is highly prospective for base metal and gold mineralization with numerous historic copper workings in the tenement area and geological resemblances to the Ernest Henry and Eloise Cu-Au deposits. The company has also applied for, but has not yet been granted, a second 294 km2 exploration license, EPM27836 (Mount Tracey Project), immediately to the south of EPM27385.

All planned exploration activity in Papua New Guinea, including the previously proposed drilling program at the Mt Nakru prospect, continued to be deferred during the quarter due to covid-19.