Copper Search (ASX:CUS) announced financial results for the quarter ended 30 September 2022.

Focus on the flagship Peake Project in the NE Gawler Craton, prospective for large- scale copper (IOCG) deposits.

A detailed project review has identified over 20 shallow potential IOCG targets less than 500m deep and a further six deeper targets at the Company?s Peake Project.

Drilling at the Billa Kalina Project and review of the North Titan Projects have downgraded prospectivity and will be relinquished.

The Gawler Craton is host to world-class IOCG deposits and includes Carrapateena and the world-renowned BHP Olympic Dam Mine.

Targeted infill geophysics (IP, gravity and AMT) surveys will inform the final target ranking and refine drill collar locations.

Extensive 6-month drilling program to commence in 2023.

A revised exploration strategy completed by the newly formed exploration team, using a mineral systems approach and incorporates multiple big data sets, innovative peer- reviewed emerging techniques, and well-established conventional exploration methods.

Cash position of $8.2 million at quarter end 30 September 2022.

Following the announcement the company?s share price fell 4.878%.