StockWatch
·
Coal
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.