Chinalco Yunnan Copper Resources Ltd (“CYU” or “Company”) is a resource exploration and development company seeking to become a mid-tier copper/gold producer.
The Board of CYU continues to focus on transforming the Company into a substantial mid-tier mining group, with a primary focus on acquiring and developing near-term copper, gold and other base metal production activities (both locally and overseas).
CYU has an office in Brisbane. The Company is listed on the ASX under the symbol “CYU”.
A summary of CYU's current activities is as follows:
1. Australia - Mount Isa
CYU entered into an agreement on 14 December 2016 with Hammer Metals Ltd to dispose of its tenure interests in Mount Isa.
2. Project Acquisitions
CYU also has a stated corporate objective to acquire an interests in resource projects that are either:
in production or at least at the feasibility study stage. Internal CYU review and discussion about such opportunities continues.