Cooper Metals Limited announced assay results from the first batch of samples taken from the recent RC drilling program at King Solomon and Python Cu-Au prospects at the Mt Isa East Copper Gold Project in northwestern Queensland. Overview of Drilling Program: A total of nineteen reverse circulation holes for 2,816m was completed on a range of targets at King Solomon 1, King Solomon 2, King Solomon 3, Python and the Camp gossan. The bulk of the drilling was completed at King Solomon, with 15 holes for 2,314m drilled.

The laboratory has provided assay results for five of the fifteen holes submitted to the laboratory. King Solomon 1 November Drill Program Overview: The November drill program is the third program completed by Cooper at King Solomon in 2022. This third phase included eleven drill holes for 1,824m of RC drilling at King Solomon 1 prospect, drilling under historical workings and testing three plunging shoots identified in the August RC drilling program.

Drilling has now confirmed mineralisation down to at least 150m deep, with hole 22MERC050 intersecting 6m @ 1.2% Cu from 166m in the southern shoot of King Solomon 1. To recap, King Solomon 1 has steeply dipping Cu-Au mineralisation hosted within a NNW trending shear zone within the Corella Formation. Mineralisation has been traced for around 650m along strike, with higher grades in three interpreted plunging shoots. Most of the new drillholes were drilled from the western side towards the northeast.

This was designed to explore the footwall zone, west of the main mineralised shear zone where drilling of the western zone in August intersected narrow high-grade gold, including 1m @ 0.7% Cu & 1.95g/t Au from 32m (22MERC046). In November further high-grade gold was intersected in the western zone, most notably in hole 22MERC055 with 4m @ 6.2% Cu and 1.31g/t Au within a broader mineralised intersection. The continuity of the western zone along strike and downdip is yet to be fully evaluated with large areas remaining untested.

The recently completed IP survey, that included seven IP section lines, is in the process of being interpreted by the consulting geophysicist. Results of this interpretation will aid further drill planning. Assay results for hole 22MERC055 located in the northern part of King Solomon 1, contained three significant intercepts of Cu-Au mineralisation.

Importantly, the western zone of mineralisation intersected individual one metre gold grades up to 4.1g/t. Significant Cu-Au intercepts from 22MERC055 include: 17m @ 1.7% Cu and 0.38g/t Au from 49m incl: 4m @ 6.2% Cu and 1.31g/t Au (western zone); 9m @ 2.5% Cu and 0.25g/t Au from 94m incl: 5m @ 4.2% Cu and 0.39g/t Au (middle zone); 12m @ 0.6% Cu and 0.02g/t Au from 148m incl: 2m @ 1.3% Cu and 0.04g/t Au (eastern zone). Other new significant intercepts at King Solomon 1 include: 14m @1.3% Cu and 0.07 g/t Au from 97m, incl: 7m @ 2.1% Cu and 0.11 g/t Au (22MERC048); 13m @ 0.8% Cu and 0.02g/t Au from 29m incl: 1m @ 3.0% Cu (22MERC048); 6m @ 1.2% Cu and 0.06g/t Au from 166m (22MERC050). Next Steps: Obtain remaining assay results for the November drilling and interpret; Complete IP processing at King Solomon ahead of any drill planning.