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CBH - COOLABAH METALS LIMITED


nipper
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Coolabah Metals Limited (CBH) is a minerals exploration company that was incorporated on 28 July 2021 for the purpose of identifying, acquiring and developing prospective copper, gold and base metal assets throughout Australia. The Company has acquired, or entered into agreements to acquire (subject to satisfaction of certain conditions precedent), a 100% legal and beneficial interest in a number of tenements comprising three separate projects in New South Wales and Queensland:

(a) the Nymagee Project (NSW) which comprises three granted exploration licenses covering 533.3km2 centred approximately 5km East of Nymagee township in the Lachlan Fold Belt (NSW) and is within close proximity to known high grade polymetallic Cobar Style Deposits;

(b) the Coolabah Project (NSW) which comprises four granted exploration licenses covering an area of 1,177km2 centred around the Coolabah township in the Lachlan Fold Belt (NSW), with previous geochemistry highlighting significant copper anomalism coincident with magnetic anomalies akin to the nearby Girilambone Tritton Constellation Copper Deposits; and

(c) the Gunpowder Creek Project (QLD) which comprises one exploration licence covering 119km2 northwest of the Mount Isa Copper Lead Zinc deposits, with a previous 5km strike length of historic gold working with high grade rock chip samples up to 32g/t gold.

The Company is currently the registered holder of three granted exploration licences which form part of the Coolabah Project and has entered into a binding tenement sale agreement with Bacchus Resources Pty Ltd dated 23 August 2021, pursuant to which the Company will acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in the remaining tenements making up the Projects.

Listing date 22 June 2022 ; 11:00 AM AEST ##
Contact details

https://coolabahmetals.com.au/

Principal Activities Mineral exploration
   
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code CBH
Capital to be Raised $6,000,000
Expected offer close date 06 June 2022
Underwriter Not underwritten. Barclay Pearce Capital Pty Ltd and CPS Capital Group Pty Ltd (Joint Lead Managers)
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  • nipper changed the title to CBH - COOLABAH METALS LIMITED

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