Chesterfield Resources Optimizes Portfolio, Secures Future Stake

Chesterfield Resources Plc (GB:CHF) has released an update.

Chesterfield Resources PLC, an LSE-listed mineral exploration company, has announced positive interim results, including the successful disposal of its Adeline project, which has freed the company from exploration costs while retaining a stake in future successes. The transaction included a CAD$200,000 cash receipt and 8.5 million shares in Sterling Metals, marking Chesterfield’s ownership at around 5%. Despite a pre-tax loss for the period, the company is actively exploring new opportunities and controlling costs, including deferral of board salaries.

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