West Cobar Metals Limited has completed its reverse circulation drilling campaign at the Fraser Range Project in southern Western Australia. The exploration work, carried out over 1,958 meters of drilling through nine RC holes, targeted five priority prospects using updated geophysical data. These prospects include three Iron Oxide Copper Gold targets and two Broken Hill type targets, reflecting the company’s focus on both copper-gold and base metal mineralisation in regions structurally akin to the Nova-Bollinger deposit. Assay results from the drilling program are anticipated in early August 2025. These forthcoming results will be integrated with the geochemical data already collected to help guide subsequent stages of exploration, including potential follow-up drilling to infill and extend the current drill patterns and target additional geophysical anomalies. The program was fully financed by Minrex Resources Limited under a farmout agreement, reducing the immediate funding risk for West Cobar Metals Limited while sharing the project’s future upside. The drill program details, including technical parameters from nine drill holes, underscore a rigorous approach aimed at unlocking further targets within a historic mining belt. Bullish sentiment stems from the successful completion of the RC drilling, robust geophysical reprocessing that identified five key targets, and the financial backing provided through the farmout arrangement by Minrex Resources Limited. These factors suggest a potential for valuable discoveries that could significantly enhance the company’s asset portfolio. Conversely, bearish sentiment may arise from the inherent uncertainties typical of early-stage exploration. Investors will be cautious until the assay results confirm the quality of the mineralisation indicated by the drilling, and further drilling will be necessary to establish resource continuity. The market will be looking closely at the upcoming data to validate the exploration potential in this geologically complex region.