Cyprus and the proposed new Adeline copper project in
Labrador Canada, contingent, among other things, upon the publication of a prospectus. Upon completion of the acquisition of the project in
Labrador, Altius will become a strategic partner, with a 10% holding in the Chesterfield, and a 20p warrant over a further 10% of the company.
Neil O'Brien, formally SVP Exploration & New Business Development, Lundin Mining, and
Dave Cliff, previously Head of Exploration Europe, Rio Tinto.
The Adeline copper project is located within the western half of the Central Mineral Belt, a 260 km long metal-rich belt located in
Central Labrador, eastern
Canada. The Adeline property is comprised of five contiguous mineral licenses totalling 12,725 ha (129 km2), covering the full extent of the