Comet Resources Ltd (ASX:CRL)'s Matt O'Kane updates investors on the company's "transformational" Queensland copper project buy. The base metals explorer will soon become the proud owner of the past-producing Mt Margaret copper play, an asset previously developed by mining monolith Glencore PLC (LSE:GLEN). It's been a big week for Comet: the ASX-lister is already mapping the path to near-term production at Mt Margaret, and it's out to raise $50 million for exploration and working capital. The move comes as the copper market remains buoyant — spot pricing in Aussie dollars is almost double what it was when Mt Margaret shuttered production in 20214.
Comet Resources looks to bring iconic Queensland copper play back to life
