By:Miningweekly

The company, which owns a copper project in Chile, plans to offer 100 shares in the form of CHESS depository interests (CDIs) at A$6 each to raise A$600. Each CDI will represent one underlying share.

The offer will be open from February 4 to February 11, with the trading of CDIs expected by March 13.

“As we move closer to a construction decision for the Marimaca oxide deposit (the MOD), and continue our aggressive exploration plans, a broader pool of capital will become increasingly important to our company. We believe a dual listing on the ASX complements and enhances the strong support we have received from our TSX shareholder base,” said president and CEO Hayden Locke.

He reported that the company’s development strategy continued to gain momentum.

“We have submitted our permit application for the MOD and expect to have more clarity on anticipated timelines towards the end of February 2025, following reception of the first pronouncement by the authorities over our submission.

“The definitive feasibility study is progressing, and we expect it to be finalised in the second quarter of 2025 with its release to the market thereafter,” said Locke.