News Articles for Hammer Metals

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Bulls N' Bears 13 Sep 2016

Hammer to produce maiden resource at Millennium after strong drill results

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Hammer Metals will shortly produce a maiden copper-cobalt-gold resource estimate at the Millennium prospect in Mt Isa just months after acquiring the project for a song. Hammer has also identified a promising new target on the Millennium leases that boasts small scale historic production with copper grades of 26%. The project is also looking good for Cobalt.

Bulls N' Bears 10 Aug 2016

Hammer and Newmont to kick off drill search for next Ernest Henry style copper-gold deposit in QLD

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The highly anticipated drill testing of Hammer Metals' promising Overlander prospect near Mt Isa in Queensland will kick off next month with drill hole positions now determined. Hammer metals, with giant JV partner Newmont, will target a repetition of the famed 220m tonne Ernest Henry iron oxide copper-gold deposit east of Mt Isa.

Bulls N' Bears 04 Aug 2016

Resource Capital Funds backs Hammer Metals for $1.75m

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Well known mining focused private equity firm Resource Capital Funds has taken a plunge at ASX junior Hammer Metals with its latest $2b mining fund. RCF has taken a $1.75m placement in Hammer Metals at 7c a share representing the lion's share of the company's latest $2.25m capital raise. The funds will be spent on Hammer's100% owned Mt Isa copper gold project.

Bulls N' Bears 18 Jun 2016

Hammer Metals shareholders get tax deduction for buying Hammer shares

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Junior explorer Hammer Metals has accessed a little known Federal Government program to give their shareholders a tax windfall worth nearly half a cent per share. Hammer successfully applied for inclusion in the federal Government's “Exploration Development Incentive Scheme” which effectively allows exploration companies to pass on some tax losses to their shareholders.

Bulls N' Bears 25 May 2016

Hammer ready to test multiple drill targets at exciting QLD prospects

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ASX listed explorer Hammer Metals is in the final planning stages of executing multiple drilling programs across a host of exciting targets within its Mt Isa Copper/Gold/Cobalt project. Importantly it will follow up an impressive historic Copper/Gold/Cobalt hit on its Millennium leases that is the equivalent of a 19m intersection grading 4% Copper.

Bulls N' Bears 02 May 2016

Hammer steals Copper/Gold/Cobalt project

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Hammer Metals have paid just $83 000 in cash and shares to secure an exciting copper/gold/cobalt exploration project near their Mt Isa operations that boasts historic drill results of up to 19m at 1.27% Copper, 0.38% Cobalt and 0.7g/t gold including 6m @3.45% Copper, 0.32% Cobalt and 2.0g/t Gold. It is just 16km west of CuDeco's goliath Rocklands mine.

Bulls N' Bears 15 Mar 2016

Hammer and Newmont narrow on drill targets at Mt Isa

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Hammer Resources and heavyweight partner Newmont are currently processing and modelling geophysical data gleaned from the first round of field programs at Hammer's Mt Isa project. Hammer are also focusing on their own 100% owned tenements including the Scalper prospect that retunred a result of 23 metres at 1.1% Copper and 0.27g/t gold.

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