Cohiba cashes in on BHP proximity

28th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia


Font size: - +

PERTH ( – The share price of junior Cohiba Minerals has more than doubled following mining major BHP’s copper discovery in South Australia.

Cohiba, which owns the Minerals Horse Well exploration licence, adjacent to the BHP discovery, said on Wednesday that it will immediately accelerate its exploration programme following BHP’s announcement.

BHP on Tuesday reported intersected copper, gold, uranium and silver mineralisation, with assay results showing downhole mineralisation intercepts ranging from 0.5% copper to 6% copper, with associated gold, uranium and silver metals.

“The discovery being just 2 km to the east of our ground is very exciting for Cohiba as it emphasizes the prospectivity of our Olympic Domain project,’ said Cohiba executive chairperson Mordechai Benedikt.

“Although we couldn’t have predicted such great results, nevertheless its proximity to BHP Olympic Dam and the Carrapateena mine was a main consideration why the company pursued this transaction in the first instance.

“We are convinced with BHP’s results, this will only grow stronger and strengthen Cohiba’s position for our shareholders.”

Cohiba shares traded at a high of 2.6c a share on Wednesday, up from an opening price of 1.5c a share.

Edited by Creamer Media Reporter


The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?