Saturday, September 30th 2023

Chesterfield Resources PLC

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It’s Cyprus, Canada and Copper for Chesterfield Resources 


“…Altius had this huge Copper asset and have had five enquiries from large Canadian groups. Altius have a 10% holding in Chesterfield…”


From Cyprus to Canada, Chesterfield Resources is expanding its copper exploration footprint as the metal is entrenched at the heart of the renewable energy revolution.

Investors with a mining bent are fully aware of the gold land grab in Western Australia, and copper prospecting is now the more highly prized due to its nascent role in the green economy.

But where to find said copper.   Chesterfield has already caused excitement with its discoveries in Cyprus’s Troodos Mountains; and it’s now confident that its recent Adeline acquisition in Labrador will be just as promising.

There’s more to the Cyprus and Canada projects other than they both begin with the letter ‘C.’   There’s material synergy.  Chesterfield was co-founded by a Canadian and retains a core group of Canadian shareholders. Director of Exploration, Dr Neil O’Brien is a Canadian and like Cyprus, Labrador is a highly regarded and regulated mining location.

On a romantic level, there’s a life lesson in this acquisition.  Always be kind to those at the start of their career path.  For those that you mentor when they are students may return the favour by revealing where there’s a decent prospect, and reveal it before the majors start making enquiries.

That’s what happened to Chesterfield and their advantage can be calculated in days.  They didn’t dilly dally or pontificate and secured Labrador; and as Chairman Martin French explains to Sarah Lowther there are other potential prospects that remain unknown except to themselves.

Watch the management team talk about the acquisition of the copper exploration project in Labrador

Read the company’s Canada / Cyprus presentation

Follow the company’s updates on its Twitter feed @Chesterfieldplc

The author was remunerated but does not hold shares in the company