Hammer heralds new copper system

THE copper price may have hit a 13-month low overnight but Hammer Metals has managed to shrug off any red metal malaise with the announcement of four promising new copper-gold areas in its Perentie area in the Mount Isa region, and the potential for dozens more new targets.

Shares in the Queensland-focused explorer were up 10% in morning trade to 2.2c, valuing the company at $5.4 million, although the trend has been down since the start of the year.