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Culpeo Minerals Limited ( (AU:CPO) ) has shared an update.
Culpeo Minerals has materially improved the terms of its earn-in at the Lana Corina project, cutting near-term cash payments from US$750,000 to US$150,000 while retaining a pathway to 80% ownership, and is working to finalise a long-term land access agreement to support ongoing drilling. The company plans to start a fully funded 4,000-metre diamond drilling program at the Vista Montana target in the June quarter, continues to advance high-priority drilling targets at the La Florida prospect within its Fortuna project, and ended the March quarter with A$2.8 million in cash, no debt, and corporate measures in place to streamline its share register.
More about Culpeo Minerals Limited
Culpeo Minerals Limited is an ASX- and OTC-listed exploration company focused on copper projects in Chile. Its portfolio includes the Lana Corina and Fortuna projects, where it is targeting large-scale porphyry-style copper systems to build a significant resource base in a key global copper-producing region.
Average Trading Volume: 3,139,026
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.11M
See more insights into CPO stock on TipRanks’ Stock Analysis page.