Has A$6M In Bank For Exploration Activities in Chile
Copper explorer Culpeo Minerals Limited (ASX: CPO) has commenced trading on the ASX under the code CPO, after successfully raising A$6 million in an oversubscribed IPO.
PAC Partners Securities Pty Ltd was the Lead Manager of the IPO.
Culpeo is a copper exploration and development company, exploring and developing high grade copper systems in the coastal Cordillera region of Chile and currently has interests in three highly prospective copper projects.
The company’s principal project, Las Petacas, is located in the Atacama Fault System near the world class Candelaria Mine. Exploration by Culpeo has identified a six km-long mineralised trend with numerous outcrops of high-grade copper mineralisation, providing multiple compelling exploration targets.
Managing Director, Max Tuesley, said the ASX-listing a significant milestone for the Culpeo team, bringing together a portfolio of three highly prospective copper projects in Chile.
“All of these projects represent significant exploration upside in their own right. Chile is currently the world’s largest copper producer and consistently ranks as one of the best mining jurisdictions in the world. The Board wishes to thank PAC Partners, who led the IPO, and all those who have assisted in our journey.”
The Company is led by an experienced team of exploration and mining professionals who have a track record of discovery and value creation for shareholders.
For further information please visit: https://www.culpeominerals.com.au/