South Cobar Project

The South Cobar Project is located within Peel’s 100%-owned tenure in New South Wales (NSW) and comprises the Mallee Bull, Wirlong, Wagga Tank-Southern Nights and May Day deposits. Peel Mining was initially attracted to the Cobar area in 2010 by the presence of world-class, high-grade, and long-life base and precious metals rich deposits as demonstrated by the CSA, Peak and Elura/Endeavor mines.

Since Peel’s entry into the Cobar district, Peel has aggregated more than 3,400km2 of tenure and defined significant mineral systems at Mallee Bull, Wirlong, Southern Nights-Wagga Tank and May Day. During this time, Peel has completed more than 334km of drilling across its Cobar project holdings, including about 289km of diamond and RC drilling.

The Mallee Bull, Wirlong, Southern Nights-Wagga Tank and May Day deposits make up the South Cobar Project, which Peel has recently updated the Mineral Resource Estimate (MRE) for the project to approximately 20Mt containing 216kt copper, 322kt zinc, 151kt lead, 22Moz silver, and 204koz gold.