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Canterbury Resources Limited (ASX: CBY), a mineral exploration company focused on Tier-1 copper-gold prospects, has announced the acquisition of the Jack Shay Project in Central Queensland through the purchase of Molcopnick Pty Ltd. The acquisition involves issuing 5 million Canterbury shares and an equal number of options, with the vendors also contributing AU$125,000 via a private placement to fund initial exploration. The Jack Shay tenement, EPM 29106, spans 40 sub-blocks over prospective terrain with limited outcrop and houses two key undrilled targets: the Nerangy Cu-Mo porphyry prospect and the Red Hill Ni-Cu-Co-Pt anomaly. Previous geophysical surveys identified deep sulphide-related conductors, and Canterbury now plans shallow drilling and mapping to define mineralization. This acquisition complements Canterbury’s regional portfolio, including the advanced Briggs project, and underscores the company’s strategy of targeting underexplored, high-potential mineral systems.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.