Chesterfield Resources PLC - copper explorer focused on Cyprus - Applies for two more licenses to expand its exploration footprint at Troodos West.
"Chesterfield is actively managing its licence packages both to optimise the prospectivity of its search areas while also avoiding carrying unnecessary rental costs. After an initial exploration assessment of its Troodos East licence area, the company has decided to let this licence lapse. Similarly, some land has been conceded in Troodos North," Chesterfield added.
The company now holds licences granted over a total area of 51.1 square kilometres at Troodos West, with a further 6.5 square kilometres under application.
Chesterfield said it will look to appoint a full time chief operating officer to handle the new expanded licence area. The next stage of its exploration and development programme will start in 2021.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Chesterfield R. (CHF)