Coolabah Metals is a minerals exploration company that was incorporated on 28 July 2021 for the purpose of identifying, acquiring and developing prospective copper, gold and base metal assets throughout Australia.

Since incorporation, the Company has acquired or entered into agreements to acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in a number of tenements comprising three separate projects in New South Wales and Queensland being the Nymagee Project, the Coolabah Project and the Gunpowder Creek Project (together, the Projects).

The Company is currently the registered holder of three granted exploration licences that form part of the Coolabah Project and has entered into a binding tenement sale agreement with Bacchus Resources Pty Ltd (Bacchus or the Vendor) dated 23 August 2021 (Acquisition Agreement), pursuant to which the Company will acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in the Sale Tenements, being the remaining tenements making up the Projects.

Read the Conversation: 

Casey Portors:

“ Hi everyone. My name is Casey. I'm an associate within the corporate finance team at Barclay Pearce Capital. Joining me today by Cameron Provost, who is the managing director of Coolabah Metals. Welcome Cam. Great to have you here.” 

Cameron Provost:

“Thank you for having me, Casey. It's great to be here talking to you. Thank you!”

Casey Portors:

“I think everyone would like to know a bit about Coolabah today, so we'll just get straight into it. Coolabah Metals is an Australian metals explorer with assets in two of Australia's major mining provinces, so the *Lachlan Fold Belt and Mount Isa* in Queensland. Now Cam, could you just give us your thoughts on the three existing assets within the Coolabah portfolio?”

Cameron Provost: 

“Thanks, Casey. Well said. So Coolabah Metals has a potential portfolio in two major mining provinces, being two projects in the Lachlan Fold Belt of New South Wales and one project in Mount Isa, Queensland. So in regards to three projects, the first one being the Nymagee project, it has three exploration licences, Covering 533 square kilometers centered approximately five kilometers east of the Nymagee Township in the Lachlan Fold Belt.* And the exciting thing about this project is it is within close proximity to known high grade poly metallic copper style deposits. And then there's our Coolabah project, which has four exploration licences, covering an area of 1,177 square kilometers centered around the Coolabah Township, again in the Lachlan Fold Belt. And the exciting thing about this project is the previous geochemistry of this project has highlighted significant copper anomalies equivalent with the magnetic anomalies just like other nearby copper deposits and the Coolabah project is within close proximity to evoke a tank, Triton and Constellation projects. And the Constellation Project is a great example of why we are absolutely driven to explore our projects at Coolabah. And then there's a Gunpowder Creek project in Queensland. It has one expiration licence. Covering 148 square kilometers northwest of Mount Isaac, which is in close proximity to world famous resources.

It does have a line of outcropping historic gold workings on a prominent fault line. The exciting thing about this project is it has a previous five kilometer strike length of historic gold workings with high grade rock chip samples of up to 32 grams a ton of gold. So overall our three projects, Coolabah, Nymagee and Gunpowder Creek have eight exploration licences in two major mining provinces.”

Casey Portors:

“Yeah, definitely. And I think that there are quite a number of other ASX companies that have mines operating around Nymagee and Coolabah that you haven't mentioned. So there's a lot of work happening in the area and especially of late, and it's all shaping up really well for Coolabah to enter the fray I think.”

Cameron Provost:

“It certainly is. It's really exciting times, particularly when you look at the global demand for copper, which is phenomenal in the current economic and social environmental sustainability initiatives, and looking at the demand for gold, that growing global demand for strategic investment assets such as gold with regards to copper.

There's not enough copper mines under development globally to meet the growing demand. So when you look at it from a big picture point of view, Certainly exciting times for us when we look at the projects that we have and our strategy for those three regions.” 

Casey Portors: 

“Yeah. And I think that it's such a good time. There's been so much under investment in the copper space as of late, and that coinciding with electric vehicles and the Internet of Things movement, we're really getting into a stage where we do think that there will be a really prolonged bull market for copper and the wider base metals market.

So yeah, really exciting times for Coolabah, I think. Would you mind giving an overview of who's gonna be leading the team going forward and exploration at the three assets?”

Cameron Provost:

“That's a really good question. We've got a great little tight-knit team with extensive experience with regards to management and exploration, and we've got a really good track record, particularly in the diverse range of skills that we have, particularly across exploration, development, finance, acquisition, corporate governance, executive management. Geological expertise, exploration expertise, and it's a really good tight-knit team that I'm certainly really happy to be a part of.”

Casey Portors:

“Very, very exciting. Well, thank you for that, Cam. It was really good to get a bit of an introduction to Coolabah and we're all very excited to watch you and the company move forward as it begins exploration at Nymagee, Gunpowder Creek and Coolabah. So thanks again, Cam. Great to have you.”

Cameron Provost:

“Thanks for having me again, Casey. It was really enjoyable talking to you and when we talk about this initiative more, it continues that excitement for the future. So thank you very much.” 

Casey Portors:

“Thanks Cam. For any investors out there who wanna learn a bit more about Coolabah and about the IPO, feel free to click on the link in the description or contact anyone at Barclay Pearce Capital for more information.”