# CMO: Contract Awarded for Drilling at Mona Cu-Au Prospect Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142436 Publisher: asx Original announcement: 2026-09-22T22:11:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T23:20:32.687Z Atlas analysis updated: 2026-09-22T23:20:32.687Z - Company: Cosmo Metals - Ticker: CMO - Exchange: ASX - Region: New South Wales - Primary commodity: Copper - Secondary commodities: Gold, Silver, Zinc, Molybdenum, Bismuth, Tellurium - Document categories: Drill results, Other - Extracted: 2026-09-22 23:20:33 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Cosmo Metals has awarded a contract to Durock Drilling for an 8-hole RC drilling program at the Mona prospect in NSW. The program aims to test high-grade Cu-Au-Ag mineralisation beneath historic mine workings, following up on high-grade grab samples from mine dumps. Reasoning: The announcement secures a drilling contract to test a high-grade historical target, though the high grades reported are from surface grab samples rather than new drill intercepts. - Positive factor: Contract awarded for maiden drilling program - Positive factor: High-grade historical sample results \(4.93% Cu, 11.65g/t Au\) - Positive factor: Targeting VMS and intrusion-related overprint - Negative factor: Results are from historical mine dump grab samples, not new drilling Facts used in scoring: 6 ## Classification and evidence **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The high-grade intercepts highlighted are from historical mine dump grab samples, not new drilling results. Evidence · text > follow up previously reported mine dump sample results from Mona of up to 4.93% Cu, 11.65g/t Au and 204g/t Ag **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project targets mineralisation beneath and along strike of the historic Mona copper mine. Evidence · text > Drill rig secured for maiden testing beneath and along strike of historic Mona copper mine ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Drill Results (6) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe#fact-drill-facts-0) copper Historical result Needs review: historical\_restatement #### Identity - Commodity: copper - Region: australia\_nsw - Reported Region: New South Wales - Ticker: CMO #### Geometry - Grade: 4.93 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-02T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: High-grade copper reported from historical mine dump grab samples. - Positive factor: Exceptional high-grade copper - Negative factor: Stale data \(historical grab samples\) Evidence · text > up to 4.93% Cu, 11.65g/t Au and 204g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "23 SEPTEMBER 2026 Cosmo Metals Level 1, 51 Colin St West Perth WA 6005 cosmometals.com.au Telephone: +61 \(8\) 6400 5301 E" ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe#fact-drill-facts-1) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Region: australia\_nsw - Reported Region: New South Wales - Ticker: CMO #### Geometry - Grade: 11.65 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-02T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: High-grade gold reported from historical mine dump grab samples. - Positive factor: Exceptional gold grade - Negative factor: Stale data \(historical grab samples\) Evidence · text > up to 4.93% Cu, 11.65g/t Au and 204g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "23 SEPTEMBER 2026 Cosmo Metals Level 1, 51 Colin St West Perth WA 6005 cosmometals.com.au Telephone: +61 \(8\) 6400 5301 E" ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe#fact-drill-facts-2) silver Historical result Needs review: historical\_restatement #### Identity - Commodity: silver - Region: australia\_nsw - Reported Region: New South Wales - Ticker: CMO #### Geometry - Grade: 204 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-02T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: High-grade silver reported from historical mine dump grab samples. - Positive factor: Strong silver grade - Negative factor: Stale data \(historical grab samples\) Evidence · text > up to 4.93% Cu, 11.65g/t Au and 204g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "23 SEPTEMBER 2026 Cosmo Metals Level 1, 51 Colin St West Perth WA 6005 cosmometals.com.au Telephone: +61 \(8\) 6400 5301 E" ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe#fact-drill-facts-3) copper Historical result Needs review: historical\_restatement #### Identity - Commodity: copper - Region: australia\_nsw - Reported Region: New South Wales - Ticker: CMO #### Geometry - Grade: 3.2 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-02T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Specific historical grab sample result showing Cu-Zn-Au. - Positive factor: Coincident base metals and gold - Negative factor: Stale data \(historical grab samples\) Evidence · text > CBR0005 bearing 3.2% Cu with coincident high-grade zinc of 4.14% Zn and 3.18 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "23 SEPTEMBER 2026 Cosmo Metals Level 1, 51 Colin St West Perth WA 6005 cosmometals.com.au Telephone: +61 \(8\) 6400 5301 E" ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe#fact-drill-facts-4) zinc Historical result Needs review: historical\_restatement #### Identity - Commodity: zinc - Region: australia\_nsw - Reported Region: New South Wales - Ticker: CMO #### Geometry - Grade: 4.14 - Grade Unit: % #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-02T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Zinc grade from historical grab sample CBR0005. - Positive factor: Strong zinc grade - Negative factor: Stale data \(historical grab samples\) Evidence · text > CBR0005 bearing 3.2% Cu with coincident high-grade zinc of 4.14% Zn and 3.18 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "23 SEPTEMBER 2026 Cosmo Metals Level 1, 51 Colin St West Perth WA 6005 cosmometals.com.au Telephone: +61 \(8\) 6400 5301 E" ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/cmo-contract-awarded-for-drilling-at-mona-cu-au-prospect--161ad909-7e02-4c99-ad46-f3d43aecebbe#fact-drill-facts-5) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Region: australia\_nsw - Reported Region: New South Wales - Ticker: CMO #### Geometry - Grade: 3.18 - Grade Unit: g/t #### Classification - Sample Type: surface #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-06-02T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: Gold grade from historical grab sample CBR0005. - Positive factor: Gold presence - Negative factor: Stale data \(historical grab samples\) Evidence · text > CBR0005 bearing 3.2% Cu with coincident high-grade zinc of 4.14% Zn and 3.18 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "23 SEPTEMBER 2026 Cosmo Metals Level 1, 51 Colin St West Perth WA 6005 cosmometals.com.au Telephone: +61 \(8\) 6400 5301 E" ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.