Copper Strike (ASX:CSE) is a mineral exploration and development company focused on finding and developing copper and related base metals in eastern Australia.
The company aims to create shareholder value through the development of its advanced multi-deposit project at Einasleigh in North Queensland.
Copper Strike's main focus is on finalising its feasibility study for the project by expanding the copper resource. It is also actively exploring to expand the size and number of zinc-lead-silver deposits.
Einasleigh Area
Copper Strike sold the Einasleigh Project to Kagara Limited and completed the transaction on 20 December 2011. Copper Strike will return 14c per share ($15 million) to shareholders on 6 January 2012. The rest of the money and liquid assets will be used to fund new opportunities for Copper Strike.
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