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Silver City Minerals Limited

Silver City Minerals Ltd has a reputation as a solid explorer in the Broken Hill region with an extensive tenement package. While initially concentrating on the discovery of Broken Hill type ore bodies, it has now identified an OCG target which is significantly younger than the typical Broken Hill style mineralisation and which has only been partially explored by previous companies. The identification of this advanced copper target is a major achievement for the Company as it is likely to represent a ‘game changer’ in terms of future news flow.

Silver City Minerals Ltd has a reputation as a solid explorer in the Broken Hill region with an extensive tenement package. While initially concentrating on the discovery of Broken Hill type orebodies, it has now identified an IOCG target which is significantly younger than the typical Broken Hill style mineralisation and which has only been partially explored by previous companies. The identification of this advanced copper target is a major achievement for the Company as it is likely to represent a ‘game changer’ in terms of future news flow.

Historical drilling has intersected significant copper mineralisation along a 4 km structure and plotting of these mineralised drill intercepts indicates a number of continuous zones extending down dip and along strike. We are confident that Silver City Mineral’s drilling programme commencing next month is likely to deliver some impressive copper intersections. The combination of these copper intersections with the extent of the structural zone will highlight to the market the potential to delineate a significant resource in the future.

Our recommendation is a SPECULATIVE BUY for Silver City Minerals on the back of the excitement which is likely to be generated from the August‐ October drilling programme. With a small market capitalisation, the Company is very highly leveraged to any success from this programme and given the impressive historical copper intersections from past drilling; it would be unlikely that the Company could not replicate intersections at these copper grades along with potential gold, silver and cobalt credits.

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More details about Silver City Minerals Limited

Official website: www.silvercityminerals.com.au

ASX on Hotcooper: http://hotcopper.com.au/asx/SCI

Markets: Cobalt, Copper, Gold