What project did Cooper Metals (ASX:CPM) acquire?

Cooper Metals (ASX:CPM) completed the acquisition of a 100% interest in the Pyramid Gold Project located in Queensland. The asset lies within the Drummond Basin, a region with a known gold endowment exceeding 5 million ounces.

How did Cooper Metals (ASX:CPM) finance the acquisition?

Cooper Metals (ASX:CPM) issued 15 million 12-month escrowed shares to seller AIC Mines (ASX:A1M) to settle the transaction. Additionally, directors participated in a recent capital raise to contribute $102,500 by subscribing for 2.05 million shares.

What historical drilling results were reported for the property acquired by Cooper Metals (ASX:CPM)?

Historical drilling at the Pyramid Gold Project previously returned high-grade intercepts including 8m at 7.31 grams per tonne of gold. Mineralisation at the Gettysburg prospect has been defined over more than 500m of strike.

What are the immediate next operational steps for Cooper Metals (ASX:CPM)?

Cooper Metals (ASX:CPM) has commenced field activities and stakeholder engagement to fast-track its maiden drilling plans. The company stated that multiple priority drill targets have already been identified through desktop studies.

How did the market react to the announcement from Cooper Metals (ASX:CPM)?

Following the acquisition announcement, the Cooper Metals (ASX:CPM) share price remained unchanged at $0.058. The transaction also resulted in seller AIC Mines (ASX:A1M) becoming a substantial shareholder of the company.

Image for illustrative purposes only. Not a real photo.

Cooper Metals completes acquisition issuing 15 million shares

Written by Liezl GambePublished Jul 20, 2026, 4:09 AM

Cooper Metals finalised the acquisition of a 100% interest in the Pyramid Gold Project in Queensland.
The company issued 15 million shares to seller AIC Mines alongside raising $102,500 from directors.
Exploration activities and stakeholder engagement have commenced to prepare for maiden drilling plans.

Cooper Metals (ASX:CPM) has completed the acquisition of a 100% interest in the Pyramid Gold Project in Queensland.

The asset lies within the Drummond Basin, a region with a known gold endowment exceeding 5 million ounces.

"We are pleased to complete this acquisition with AIC Mines (ASX:A1M) and we welcome them as a new substantial shareholder of the company," said Cooper Metals Executive Director Tim Armstrong.

To settle the deal, Cooper Metals issued 15 million 12-month escrowed shares to seller AIC Mines (ASX:A1M).

Following the announcement, the Cooper Metals share price was unchanged at $0.058.

Historical drilling at the property previously returned high-grade intercepts, including 8m at 7.31 grammes per tonne of gold.

The company stated that field activities and stakeholder engagement are underway to fast-track its upcoming drilling programme.

Cooper Metals completes acquisition issuing 15 million shares

Frequently asked questions

Assets related to this article