Coppermoly Limited advised that is has entered into a bridging loan with its major shareholder, Jelsh Holdings Pty Ltd. for the sum of $500,000 (Bridging Loan). The Bridging Loan has been provided on an unsecured basis and provides Coppermoly with additional interim financing which is intended to be used for general working capital purposes. The Bridging Loan is repayable by Coppermoly on or before 16 December 2014 and attracts interest of 6.5% per annum (subject to additional default interest applying in the event of non-repayment), and may be repaid early by Coppermoly without penalty or additional fees.

The company announced changes to the composition of its Board of Directors. The company's Managing Director, Maurice Gannon, has resigned from his role as Managing Director of the company. Kevin Grice has also been appointed as a non-executive Director. Grice is a successful finance executive with significant experience with listed and unlisted exploration companies and general management experience, including as acting Chief Executive and Chief Financial Officer of Renison Consolidated Mines NL (now Laneway Resources Ltd), Chief Financial Officer of Highlands Pacific Limited and various other roles with Ensham Resources, Century Gold Resources Pty Ltd. and others.