Coppermoly to Acquire 100% Interest in Wyemandoo Project

About this update from Coppermoly Limited

Coppermoly Limited (ASX:COY) (' Coppermoly ' or the 'Company') is pleased to announce it has entered into a binding sale agreement with Aldoro Resources Limited (ASX:ARN) to acquire 100% of the Wyemandoo Project in Western Australia . Under the agreement, Coppermoly will acquire Aldoro's directly held interest in the Project as well as 100% of the issued capital in Altilium Metals Pty Ltd , the holder of the remaining interest in Wyemandoo, for a cash consideration of $100,000 . Completion of the transaction remains subject to customary conditions precedent, including due diligence, regulatory approvals and assignment documentation. Situated in a highly prospective region of Western Australia , the Wyemandoo Project is considered prospective for critical minerals including rubidium, lithium and tungsten. Rubidium is a niche but valuable element with applications in advanced electronics, specialty glass and medical imaging. Lithium remains a cornerstone of the clean energy transition, being essential for rechargeable batteries that power electric vehicles and renewable energy storage, while tungsten is a strategic industrial metal, known for its strength and durability in hard metals, drilling equipment and defence technologies. Coppermoly's Managing Director and CEO Dickson Leah commented: 'We are delighted to be adding the Wyemandoo Project to our portfolio. This acquisition gives Coppermoly exposure to ground that is considered prospective for critical minerals at a time when demand is only increasing. Our team is excited to begin detailed exploration work and unlock the Project's potential for our shareholders' Contact: Quinn Lee Chairperson Tel: +61 (8) 6555 2950 Email: [email protected] ABOUT COPPERMOLY LTD Coppermoly Ltd is a mineral exploration and resource development company rapidly advancing an exciting portfolio of copper/gold/molybdenum exploration projects in the resource rich Mount Isa Region of QLD. The newly refreshed management and geological team are focused on the accelerated exploration program and resource definition of their high value QLD targets. The Mt Isa Inlier is highly prospective for iron oxide copper gold (IOCG) and shear hosted Cu +/- Au deposits. (C) 2025 Electronic News Publishing, source ENP Newswire

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