Lux Copper expands Alaska footprint to 236km2
Key points
- Lux Copper secured 326 state mining claims to expand its Baird Copper Project footprint by approximately ninefold to 236km2.
- Following the announcement, shares rose 5.56% to trade at $0.19.
- The expansion aims to consolidate regional exploration ground ahead of maiden drilling assay results expected in late November.
Lux Copper (ASX:LUX) expanded its Baird Copper Project in Alaska by 210km2 after securing 326 mining claims.
The transaction increased the total land package from 26km2 to 236km2 in the Western Brooks Range.
"Securing an additional 210km2 of exploration tenure represents a significant milestone for Lux and transforms the scale of the Baird Project," said Lux Copper CEO James Warren.
The company stated that the claims were staked early to prevent regional fragmentation and secure long-term copper and critical minerals targets.
Following the announcement, the Lux Copper share price was up at $0.19.
The company listed on the ASX in July after completing an oversubscribed $15 million initial public offering.
Lux previously completed maiden diamond drilling at the Omar prospect, with laboratory assay results scheduled for release in late November.
