Cosmo Metals (ASX:CMO) reports high grade copper-gold-silver results at Everest-Mona-Victory Trend
June 3, 2026Cosmo Metals (ASX:CMO) has reported results from recent field exploration and surface sampling at the Everest-Mona-Victory Trend within the Bingara Project in New South Wales.
The results include copper, gold and silver assays from multiple prospects as the company progresses towards first ever drill testing at the Everest-Mona-Victory Trend.
Highlights
- Rock chip sampling at Mona returned results of up to 4.93% Cu, 11.65g/t Au and 204g/t Ag.
- Sampling at the Sweet Nell Prospect returned up to 7.94% Cu.
- 10 of 54 rock chip samples returned more than 1% Cu.
- The Everest-Mona-Victory Trend occurs within a currently mapped 5km section of the broader 20km Bingara VMS belt.
- Systematic mapping and sampling of lines of mine workings identified in high resolution LiDAR data indicate a large alteration system.
- Progressing towards first ever drill testing at the Everest-Mona-Victory Trend.
The Everest-Mona-Victory Trend occurs within a stratigraphically favourable horizon of the Nangahrah Formation, where high grade stringer style mineralisation zones, massive sulphide occurrences within the main prospects and associated copper in soil anomalies occur across the trend, which hosts the historic Everest and Mona copper lodes that were mined in the early 1900s.
Recent field work included rock chip sampling, geological mapping and interpretation of high resolution LiDAR data, with systematic mapping and sampling of lines of mine workings identified in the LiDAR data indicating a large alteration system.
Assay results were compiled for 54 rock chip samples collected from the Everest-Mona-Victory Trend in December 2025 and February 2026.
Of these samples, 10 returned more than 1% Cu, with a peak assay of 7.94% Cu, 8 returned more than 0.5g/t Au, with a peak assay of 11.65g/t Au, and 7 returned more than 20g/t Ag, with a peak assay of 204g/t Ag.
At Mona, sample CBR0005 returned 3.20% Cu, 4.14% Zn, 3.18g/t Au and 48.3g/t Ag, while additional samples returned 11.65g/t Au and 204g/t Ag from silica-pyrite veining and 7.23g/t Au and 79.1g/t Ag from stringer chalcopyrite veining.
Cosmo Metals Managing Director Ian Prentice said:
“We have taken a systematic approach to exploration at the Everest-Mona-Victory Trend; collecting, compiling and interpreting the layers of geophysical, geochemical and geological data at this previously unexplored high conviction prospect to have us poised to progress towards the first ever drilling.”
Sampling at the Sweet Nell Prospect, located approximately 1km east of Everest, returned up to 7.94% Cu from an oxidised sample of malachite and azurite mineralised chert, while sampling at Victory returned up to 2.59% Cu.
The company reported that data collected from airborne magnetics, high resolution LiDAR, systematic geochemical sampling, geological mapping and surface sampling is being used for drill targeting.
Collar positions and high priority target zones have been identified for the Mona prospect, with the company progressing stakeholder engagement, approvals and authorisations, while a program of downhole EM is expected to follow the initial drilling campaign.
Next Steps
- Progressing towards first ever drill testing at the Everest-Mona-Victory Trend
- Advancing stakeholder engagement
- Advancing approvals and authorisations
- Undertaking an initial drilling campaign
- Completing a downhole EM program following initial drilling
- Awaiting assay results from the Star of Bingara to Lone Hand Gold Trend
- Awaiting assay results from the Antimony Gully prospect
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