Cooper Metals has announced that founding managing director Ian Warland has resigned from the company, effective immediately.

Cooper Metals has announced that founding managing director Ian Warland has resigned from the company, effective immediately.
Despite departing from his role, Mr Warland will continue working with the junior until November 29, in order to assist the company’s next phase.
Coupled by Mr Warland moving on, Cooper – an explorer with copper and gold interests in both Queensland and Western Australia – provided an update regarding its flagship Mt Isa East project, located in the remote north-west of the sunshine state.
“The company is aware it has been a challenging time for junior exploration companies and given the significant data already generated from our fieldwork over the last few years, there is currently no further major exploration activities planned at the Mt Isa East project during this current field season,” the company said.
Despite this, Cooper, a junior with a market cap of $3.7 million, said it remains optimistic about the project’s success and was searching for cost-effective methods to further enhance its development.
Cooper added that it had received several enquiries from prospective third parties interested in Mt Isa East and was presently also reviewing acquisition opportunities.
On March 13, the company’s share price dipped from 27.5c to 13.5c, on the back of drilling news from the project’s Brumby Ridge deposit, where preliminary geological logging and portable sampling indicated less than expected downhole lengths of copper sulphide mineralisation.
Cooper closed trade on Monday down 8 per cent to 4.4 cents.