Peel Mining (ASX:PEX) share price lifts on copper's 'time to shine'

The Peel Mining (ASX: PEX) share price is up 3% today after the company released its investor presentation for May 2021. 

| More on:
A smiling miner wearing a high vis vest and yellow hardhat does the thumbs up in front of an open pit copper mine.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Shares in Peel Mining Ltd (ASX: PEX) are creeping higher today after the company released its investor presentation for May 2021. 

The Peel Mining share price is up 2.98% at the time of writing, trading at 24 cents per share.

Peel Mining is an Australian company that explores and develops precious, base, and specialty metals resources in New South Wales.

Highlights from the investor presentation

Peel Mining's latest investor presentation focused on one thing: copper. Peel is currently pivoting the brunt of its metals mining projects towards copper as the metal hits all-time highs on the commodity indexes. 

The company has interests in four main copper producing mines in the Cobar Basin and is currently drilling for a maiden high-grade copper resource at its Wirlong project.

Peel is also exploring its Mallee Bull mine for the metal, calling the central NSW region "one of [Australia's] highest-grade undeveloped copper deposits". The Mallee Bull mine is 100km south of Cobar on an 8,094-hectare pastoral lease owned by Peel.

The Australian miner will start drilling there at depths of approximately 60 metres and believes deposits may exist as deep as 800 metres.

The company is also touting the copper potential of highly prospective mines called Wagga and May Day, which also show anomalous potential for zinc and lead, among other minerals.

Background on Peel Mining

The company operates through three segments: it focuses on mineral exploration under its joint venture with CBH Resources at its Mallee Bull prospect, which it's currently exploring for copper. It also has interests in mineral exploration under its farm-in agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), although this doesn't provide the majority of its revenue.

It also has its Peel Segment, which includes all other mineral exploration within Australia and properties 100% owned by the company. The majority of the company's revenue is generated from the Peel segment. Its projects include other parts of Mallee Bull, the Cobar Superbasin Project, and the Wagga Tank Project.

Peel Mining share price snapshot

The Peel Mining share price has had a significant upswing over the past 12 months, rising by more than 80%. But that momentum has slowed in 2021 and the company's share price is down 18% so far this year.

Motley Fool contributor Lucas Radbourne-Pugh has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Resources Shares

Miner looking at a tablet.
Broker Notes

Why Macquarie expects this ASX 200 copper stock to surge 36% in a year

Macquarie forecasts some hefty gains ahead for the ASX 200 copper miner. But why?

Read more »

A young African mine worker is standing with a smile in front of a large haul dump truck wearing his personal protective wear.
Resources Shares

Following its FY25 result, Macquarie tips more than 40% upside for this ASX All Ords mining stock

Let’s dig into why this is such an exciting stock.

Read more »

Miner looking at a tablet.
Resources Shares

Macquarie forecasts 30% upside for this ASX All Ords mining stock

If a broker is right, investors have a lot to gain with this stock.

Read more »

Miner looking at a tablet.
Resources Shares

Should I buy Pilbara Minerals or Mineral Resources shares? Here's Macquarie's take

Mineral Resources and Pilbara Minerals shares are both down more than 60% in a year, but Macquarie forecasts a big…

Read more »

Miner looking at a tablet.
Resources Shares

Does Macquarie rate Fortescue shares a buy, hold or sell?

Down 42% in a year, does Macquarie think Fortescue shares are now a good buy?

Read more »

Cheerful businessman with a mining hat on the table sitting back with his arms behind his head while looking at his laptop's screen.
Resources Shares

Rock solid: How have mining and metals shares fared in 2025?

Who is leading so far?

Read more »

Miner looking at a tablet.
Resources Shares

Mineral Resources share price slides despite significant reserves growth

An 89% resources upgrade hasn’t boosted Mineral Resources shares today.

Read more »

Copal miner standing in front of coal.
Resources Shares

How much upside does Macquarie tip for New Hope shares?

A softer-than-expected quarter has impacted the broker's view.

Read more »