Copperstone Resources: Several milestones on the horizon - ABG

Upcoming resource upgrade, list change, and permit hearing
Decision on permit expected to come in Mar-Apr 2024
Viscaria estimated full run-rate EBITDA of SEK 1.4bn


Permit hearing in Feb '24 and resource upgrade after year-end

Copperstone reported Q3 EBIT of SEK -8m (ABGSCe -16m), with capitalised expenses for exploration slowing compared to Q2 (SEK 60m vs. 85m in Q2), although it still shows continued active drilling efforts, as the company readies for its next mineral resource upgrade "shortly after the end of the year". Apart from the resource upgrade, which will come as a part of a pre-feasibility study, there are several important milestones on the horizon for Copperstone, namely a listing switch to the Stockholm Stock Exchange "around the turn of the year", and the main hearing for its environmental permit application for the Viscaria mine in February 2024.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/copperstone-resources/Equity-research/2023/11/copperstone-resources---several-milestones-on-the-horizon/