Coppermoly Limited announced that the Queensland Department of Natural Resources, Mines and Energy ("DNR"). has granted exploration licence EPM27835 (Fox Creek Project) to the Company. EPM27835 covers an area of 320km2 in the Eastern Succession, Mount Isa Inlier, in northwest Queensland which hosts a number of significant base metals deposits including the Cannington Ag-Zn-Pb deposit and the Ernest Henry Cu-Au deposit. The Company has also applied for a second exploration licence, EPM27836 (Mount Tracey Project), which covers an area 294km2 immediately south of EPM27385. EPM27836 is subject to approval from DNR. Highly prospective terrain of the Eastern Succession: The Queensland Mineral database records numerous Cu-Au occurrences within the Eastern Succession. The most significant occurrences include Ernest Henry (167 Mt @ 1.1% Cu; 0.54 g/t Au), Eloise (3.2 Mt @5.8% Cu; 1.5g/t Au; 19g.t Ag), Osborne (11.2 Mt @ 3.51% Cu; 1.49 g/t Au), Mt Elliot (3.3 Mt @ 3.6% Cu; 1.8 g/t Au), Starra (6.9 Mt @ 1.65% Cu; 4.8 g/t Au). EPM 21735 (Fox Creek Project): The granted tenement, EPM27835, contains a significant portion of the Cloncurry Fault. The tenement area is deemed highly prospective for base metal and gold mineralisation with geological resemblances to the Eloise Cu-Au and Starra Cu-Au deposits. There are numerous historic copper workings in the tenement area. Three of those areas, are Mount Kalkadoon Cu-Au Zone, Lorna Miss Hit Cu-Au Zone and Fox Extension Cu-Au Zone. Preliminary modelling of historic data warrants further exploration on those zones.