Andiamo will carry out a reverse circulation, shallow programme at Haykota.
’s () Eritrea associate Andiamo Exploration is set to start drilling at its Haykota licence after arranging funding for the programme.
Andiamo will carry out a reverse circulation shallow drill programme at Haykota, which is prospective for copper and gold.
Vassilios Carellas, Ortac's CEO, commented: "We are very pleased that Andiamo has secured the funds to re-commence drilling these highly prospective targets in their Haykota license area and we look forward to reporting further progress in due course."
Ortac holds an 18.48% equity interest in Andiamo, though its holding was diluted in February when private equity group Emerald Ex took a stake.
Shares eased 6% to 3.5p.
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