Codrus Minerals Limited (ASX:CDR) has signed a drilling contract for an initial exploration program at the Quest End prospect within the Copperhole Creek Project (EPM 27734) in North Queensland, with drilling expected to commence in November 2026.

Key Points

  • Codrus Minerals has signed a drilling contract for an initial diamond drill program at the Quest End prospect, Copperhole Creek Project (EPM 27734), North Queensland
  • The first two holes will look to verify historic percussion holes, with the first designed to twin the PDE6 intercept at approximately 50–60 metres downhole
  • A second hole, stepped back from the first, will test whether mineralisation continues down-dip of PDE6
  • Diamond drilling was chosen to allow core orientation, with samples to be analysed for a full multi-element suite including Indium
  • The Copperhole Creek Project covers approximately 62km², located approximately 300km from Townsville and Cairns in Queensland

Initial Diamond Drill Program Design at Quest End Prospect

The first hole of the diamond drill program is designed to twin the PDE6 intercept, crossing the mineralised zone close to perpendicular at approximately 50–60 metres downhole. The company said this hole will test whether historic grades and widths can be reproduced with modern drilling, sampling and assay quality control. A second hole, stepped back from the first, will test whether mineralisation continues down-dip of PDE6. Historic results referenced in the program are detailed in the company's release dated 3 August 2026.

Diamond Core Orientation and Analytical Program

According to the filing, diamond drilling was selected so that the core can be oriented, which will provide the true orientation of the mineralised structure and assist in guiding any follow-up drilling. Samples collected from the program will be analysed for a full multi-element suite, including Indium. The company stated that drilling is expected to commence this month, following completion of the acquisition of the Copperhole Creek Project, which was referenced in company disclosures dated 1 October 2026 and 3 August 2026.

Copperhole Creek Project Area and Historical Exploration

The Copperhole Creek Project encompasses an exploration permit covering a total area of approximately 62km², located approximately 300km from Townsville and Cairns in Queensland. According to the filing, the project contains multiple prospects with a defined land position and significant historical exploration results that have not been followed up with modern exploration techniques. The Quest End prospect is situated within the project area, as shown in the company's project location map included in the disclosure.