
Business Update14 Oct 2026, 10:50 am
SWPE: 12 Copper Gold Prospects Found in Oman JV
AI Summary
South West Pinnacle Exploration Ltd (SWPE) has identified 12 copper-gold prospect areas and completed an airborne geophysical survey in its joint venture company, Al Hadeetha Mining LLC (AHML), in Oman. The company holds a stake in AHML, which operates a 1400 km2 Block 22B Mineral Concession. The survey involved 6,132 line-km flown, with interpretation expected by Q2 FY27. Rock-chip sampling at certain prospects returned peak natural copper values of 22,681 ppm Cu (2.27% Cu) with visible malachite. SWPE is progressing systematic exploration in line with its strategy to build a pipeline of exploration assets. This development is significant given the current international demand for copper.
Key Highlights
- 12 copper-gold prospect areas identified in Oman concession.
- HeliTEM airborne geophysical survey completed across 1400 km2.
- Rock-chip sampling shows peak copper values of 2.27%.
- Interpretation report for geophysical survey expected by Q2 FY27.
- Strategic progress in building exploration and development assets.
Price Impact
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