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Deep-South ‘well-funded’ to continue development of Namibian copper project

22nd January 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

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TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million.

President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment.

“We are preparing our upcoming drilling programme and, with the strong copper price, we are highly optimistic for the coming months,” he said in a January 21 statement, noting that Deep-South is “well-funded” to continue its development of the Haib copper project, in Namibia.

The funds will be used for further exploration and development of the Haib project and for general working capital.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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