New owners Copper Mountain Mining Corporation are pouring $5 million into exploration at their Cloncurry copper project, 95km north-east of Mount Isa.
Copper Mountain took control of the project when it completed acquisition of Altona Mining last month.
It said planned work programs would include follow-up drilling on discoveries made in 2017, testing of new targets and supporting works to further the full feasibility study under way for the proposed Eva Copper Mine.
Copper Mountain’s flagship asset is the Copper Mountain mine located in southern British Columbia, Canada.
The Altona acquisition included the permitted Eva copper development project and a 397,000ha exploration tenement portfolio in the North West Minerals Province.