Hammer Metals Extends Broad Copper-Gold Zone at Kalman

14 July 2026 | Queensland - Hammer Metals has reported further strong results from resource upgrade drilling at its 100%-owned Kalman Copper-Gold-Molybdenum-Rhenium Project in north-west Queensland.

The latest assays extended the previously reported intercept in drill hole K162, with the updated result now standing at:

• 165m at 1.96% recovered copper equivalent from 175m, including:
  • 50m at 3.17% recovered copper equivalent
  • 62m at 2.32% recovered copper equivalent

Other significant intercepts included:

• 98m at 1.36% recovered copper equivalent from 97m in K163
• 175m at 0.84% recovered copper equivalent from 167m in K164
• 142m at 0.71% recovered copper equivalent from 166m in K165

Managing Director Daniel Thomas said the results continue to demonstrate the broad and continuous nature of copper, gold, molybdenum and rhenium mineralisation at Kalman, both along strike and at depth.

Why it matters: Kalman is a polymetallic critical minerals project, with copper, gold, molybdenum and rhenium all contributing to the project’s potential value.

Hammer said the program was designed to upgrade Inferred Resources to Indicated Resources, supporting a planned Scoping Study. Early results have validated the geological model and intersected broad mineralisation within the conceptual open pit shell.

The company has also completed drilling at the Black Rock IOCG target and Lady Jenny Copper-Gold Prospect, with assays pending.

For Queensland’s base metals and critical minerals sector, Kalman is shaping as a strong development-style exploration story, with broad intercepts, resource upgrade work and future study activity all underway.

Source: Hammer Metals ASX announcement, “Outstanding Kalman Intercept Grows 165m @ 1.96% CuEqRec in K162”, 14 July 2026.