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Copper|Industrial|Mining
Copper|Industrial|Mining
copper|industrial|mining

Copper 360 raises R152.5m ahead of AltX listing

18th April 2023

By: Donna Slater

Features Deputy Editor and Chief Photographer

     

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Ahead of its upcoming AltX listing on the JSE on April 21, JSE-listed copper miner Copper 360 raised R152.5-million by April 18 at an oversubscription rate of 1.3 times.

Copper 360 has a dozen mines in the Northern Cape, which it plans to mine using a cluster method, that collectively offers the equivalent of a 100-year life-of-mine.

A cluster mining model involves several mines feeding into one process facility – a method ideal for the Northern Cape copper district.

An application has been made to the JSE for the listing of 629.7-million Copper 360 ordinary shares in the industrial metals and mining sector in the copper subsector on the AltX of the JSE from April 21.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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