Chesterfield Resources plc raised £800,000 from a placing of 8,000,000 new ordinary shares with new and existing investors at 10 pence per placing share. The revised figure is an increase from the amount announced last Thursday (1 July) of £750,000. The new ordinary shares will represent 7.8% of the issued ordinary share capital of Chesterfield prior to the […]
Tag: Chesterfield Resources plc
Chesterfield to start drilling in Troodos West
Chesterfield Resources plc said it would this week start diamond drilling at its copper-gold-silver-zinc assets in its Troodos West group of licences in Cyprus. The programme is expected to cover approximately 2,000m of drilling. The news follows February‘s announcement that the company had intersected two high grade mineralised zones on two separate targets. SURVEYS Executive […]
Chesterfield more than doubles Adeline
Chesterfield Resources plc said it had exercised the right to acquire a further 672 claims to more than double the size of its Adeline copper project in Labrador, Canada. The initial purchase of 129 km2 from mining royalty company Altius Minerals has now been extended to a district-scale 297km2 (29,725 ha), with a total of 1,189 […]
Chesterfield to acquire Adeline copper project
Chesterfield Resources plc announced it is to acquire 100% of a belt-scale copper exploration project, named Adeline, in the Labrador region of eastern Canada. The company, which is exploring for copper in Cyprus, said its objective was to be a leading copper exploration and resource development company to help supply the global demand for electrification. Adeline covers […]
Chesterfield identifies new high priority ‘Olive’ target
Chesterfield Resources plc said it had confirmed a high priority drill target from the discovery of a large new anomaly at its copper-gold-zinc-silver project in western Cyprus. The target, which the miner has named Olive, is a buried anomaly similar to the nearby historic Limni mine, which is recorded to have yielded 90,000 tons of […]
Chesterfield trebles cash reserves
Chesterfield Resources plc reported that its cash position trebled last year while pre-tax losses rose for its copper-gold-zinc-silver assets in Cyprus. In its annual report and financial statement for the year ended 31 December 2020, the group reported cash of £2,438,856 (2019: £748,596) with pre-tax losses of £871,261 (£536,121). In June 2020, the group added […]