Chesterfield Resources

Website: www.chesterfieldresourcesplc.com
Primary ticker: LON:CHF
Stage of development: Exploration
Primary minerals: Copper, Gold
Project to promote: Troodos West

Live financials

We are an advanced stage copper and gold exploration company in Cyprus, where we are the dominant licence holder. We have 15 well-developed targets and strong evidence of mineralisation from both our own and historic drilling. We will be drilling again very soon. We have a world-class team of exploration geologists who previously held very senior positions at Rio Tinto, First Quantum and Lundin Mining.The company is also actively appraising new projects to expand in the region. We aim to become a high growth company in 2020.

Management Profile

Mike Parker, Chief Operating Officer

Mr Parker has over 30 years experience as an exploration geologist, including a 20 year career with First Quantum Minerals (FQM). While at FQM he was Country Manager for DRC, where he managed over 100 exploration personal and played a key role in two major copper discoveries, the Lonshi and Frontier mines. He was more recently appointed Country Manager with responsibility for FQM’s operations in Peru and Argentina.


What is your rationale for attending 121 Mining Investment?

The company is at a particularly attractive stage have just completed 18 months of very detailed target development work. We have strong evidence of mineralisation and we will be diamond drilling very soon. We are also appraising opportunities to expand through new project development. Given so much activity and the very low share price, we believe investors will find this an opportunistic moment to meet our company.


What recent news would you like to highlight to investors attending?

This month we will be announcing more details of our target list and investigation with a percussion drill.


What are your key goals for the next 3, 6 and 12 months?

3 Months:
Diamond drill numerous targets on our Troodos West Project

6 Months:
Follow-up drilling and appraise potential early revenue projects in Cyprus

12 Months:
Resource development within Cyprus and new project acquisition in the region


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

We are waiting for the rainy season to end so we can start drilling.


In a sentence, what do you think makes your company such a compelling investment?

After 18 months of hard work developing 15 targets through field work and geophysics, we are now on the cusp of diamond drilling. We have strong evidence of mineralisation and a very low market cap.