Constellation Resources March Quarterly Report: Advancements in Copper-Gold Project and Natural Hydrogen Exploration
Key Ideas
  • Constellation Resources focused on advancing Ularring Copper-Gold Project and expanding natural hydrogen exploration footprint in Western Australia during the March quarter.
  • The company is debt free with upcoming funds of up to A$2.36 million through a non-renounceable entitlement offer, allowing eligible shareholders to subscribe for new shares.
  • Significant copper-gold mineralisation potential identified at Ularring, with high-grade intersections supporting the presence of intrusion-related mineralisation, paving the way for further drilling activities and exploration.
  • Natural hydrogen exploration efforts across Edmund-Collier, Yerrida, and Ashburton Basins are progressing well, with planned soil gas sampling programs and technical assessments by CSIRO to evaluate hydrogen generation viability.
Constellation Resources Ltd has released its March quarterly report, outlining progress in its exploration activities in Western Australia. The company focused on advancing the Ularring Copper-Gold Project and expanding its natural hydrogen exploration efforts during the quarter. Constellation is in a strong financial position, being debt free with funds expected to increase through a forthcoming entitlement offer. The Ularring Copper-Gold Project has shown significant high-grade potential, with promising drilling results supporting the presence of intrusion-related mineralisation. Ongoing activities include a diamond drilling program to further explore the area. In the realm of natural hydrogen exploration, Constellation has expanded its footprint across multiple basins and is preparing for a soil gas sampling program in the Edmund-Collier Basin. Collaborations with CSIRO are underway to assess hydrogen generation viability. The company is optimistic about the future of hydrogen, given the increasing global demand for zero-carbon sources. Constellation believes it has secured strategic holdings in Western Australia for hydrogen exploration, providing a competitive edge in the industry.
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