Great Southern Copper PLC (LSE:GSC), a company with copper exploration assets in Chile, is to list on the standard segment of the London Stock Exchange.
The San Lorenzo and Especularita projects sit within the same metallogenic belt as major coastal producing operations, including Teck’s Andacollo copper and gold mine
The projects are located in the Chilean coastal metallogenic belt, which is underexplored relative to the Andean belt but benefits from well-established infrastructure. This significantly reduces exploration costs and enhances the economics for large-scale mining operations in the area.
Seven of the world’s top 15 copper mines are located in Chile and 23% of the world’s reported copper reserves.
“It is a great time to be focused on copper-gold exploration and we are excited to advance our two large scale exploration projects in Chile, a globally significant mining jurisdiction and the largest copper producing country in the world,” said Sam Garrett, chief executive of Great Southern Copper.
“There is a significant shortfall in the supply of copper, which is becoming more acute with demand increasing as the global economy moves towards green, sustainable energy. Copper exploration and extraction will be vital in achieving a low carbon future, which presents an excellent opportunity for a new generation of copper deposits to help mitigate the looming supply deficit. It is an added incentive for explorers to advance highly prospective targets such as our San Lorenzo and Especularita projects.”