Two-Tranche Private Placement Offer utilising the company’s existing capacity under Listing Rule 7.1 and Listing Rule 7.1A to raise up to $500k with the ability to take up oversubscriptions at $0.017. The placement offer comes with 1 for 2 free attaching unlisted options with an exercise price of $0.034, expiring approximately 2 years from the date of issuance. The issuance of the Options requires shareholder approval at a General Meeting to be convened. Approximately $408,526 will be settled in the first tranche, pursuant to the Company’s placement capacity. The balance will be settled in the second tranche, subject to shareholder approval at an upcoming EGM.

The company will also conduct a 1 for 4 entitlement offer to raise up to $504,364 on the same terms as the placement offer. Board intends to participate for at least $100k in the offer on the same terms as the placement offer, subject to shareholder approval.

Copper Search Limited (ASX: CUS) is an Australian mineral exploration company focused on the discovery of large-scale critical minerals and gold deposits with a focus on tier-one jurisdictions offering favourable geology and established infrastructure. Copper Search is backed by a highly experienced technical and corporate team with a proven track record in major mineral discoveries, including Iluka’s (ASX: ILU) Jacinth HMS deposit and BHP’s (ASX: BHP) Prominent Hill IOCG deposit.

The Company has recently identified a very promising HMS assemblage of high-value zircon and titanium minerals – rutile, ilmenite and leucoxene following an external review of the Peake Project, confirming its potential as a high-value heavy mineral sands (HMS) opportunity. Located within the emerging HMS province of the Eromanga Basin, the project is situated near recent notable discoveries by Petratherm (ASX:PTR) at Rosewood and Marmota (ASX:MEU) at Junction Dam. These discoveries highlight the Eromanga Basin’s growing significance as a key HMS district.

New assays highlights from new pan-concentrated grab samples include:

• 35% zircon, 20% Ilmenite, 20% leucoxene 5% and Rutile (CUSHM002)
• 25% zircon, 50% Ilmenite, 10% leucoxene 5% and Rutile (CUSHM001)
• 25% zircon, 55% Ilmenite, 5% leucoxene 5% and Rutile (CUSHM003)

The Peake Project covers an extensive area with thick, sand-rich horizons considered highly prospective for hosting heavy mineral sands (HMS) deposits. Desktop geological interpretation has outlined potential trap sites for heavy minerals along the Peake and Denison Ranges, where favourable topographic and structural features are present. In addition, regional magnetic data has revealed promising linear anomalies are interpreted as HMS strandlines drill targets—an established exploration model successfully applied in HMS provinces such as the Murray Basin.

The Company has also appointed mineral sands expert Ian Warland as Principal Consultant to support its heavy mineral sands exploration. Ian’s team discovered of the world-class Jacinth – East Eucla HMS deposits in South Australia (300Mt @ ~5.1% HM) and was instrumental in progressing the project through to production (2009) for Iluka Resources (ASX: ILU).

The Byrock Project is located within the interpreted northern extension of the Macquarie Arc, is prospective for large-scale copper-gold porphyry systems. Field work is ongoing following up an IP chargeability anomaly with mapping, gravity and soils sampling underway to define drill targets from a swarm of pipes defined by recent air-magnetics surveys - results pending.

The Theseus Au-Cu Project is located in-between Evolutions (ASX: EVN) the Cowal and North Parkes operating mines in the same fertile Ordovician age rock units.

Historical Assays highlights include:

• 20m @ 0.73 g/t Au from 6m, Hole ID TARRA61
• 36m @ 0.43 g/t Au from 48m, Hole ID TARDC84

The funds raised will be used for:

• Targeted re-sampling, analysis, and reconnaissance to refine drill targets
• Low-cost, high-impact air-core drilling to unlock HMS potential in South Australia
• Project generation of further HMS opportunities in South Australia
• General Working Capital Purposes