LONDON, UK: Great Southern Copper (GSC), the company focused on copper-gold exploration in Chile, announced its intention to float its ordinary shares on the main market of the London Stock Exchange.

SI Capital Limited is acting as Financial Adviser and Broker to the Company in relation to Admission.

The Company is seeking Admission with the intention of providing funds for the exploration of its two projects in Chile, the San Lorenzo and Especularita projects.

GSC’s exploration effort is focused on copper terrains in Chile’s coastal metallogenic belt which boast excellent infrastructure, are close to port and have been the source of some of Chile’s most exciting new discoveries such as Hot Chili’s (ASX:HCH) Cortadera and Productora deposits (724Mt at 0.48% CuEq for 2.9Mt copper, 2.7Moz gold, 9.9Moz Silver and 64kt molybdenum), only 85km along strike from GSC’s San Lorenzo Project.

The primary objective of the Great Southern Copper (GSC) is to focus on the advancement of the exploration and evaluation of its copper-gold projects as well as potentially to seek further acquisitions and investments to create a pipe-line of projects and generate value for shareholders.

Great Southern Copper (GSC) is planning a two-year exploration work programme for the copper-gold projects, targeting principally large tonnage, low to medium grade porphyry style Cu-Au deposits.

GSC’s two projects are held under Purchase Option Agreements which allow the Company to potentially own 100% of the projects subject to the annual payment of option fees paid over a six-year period and valued up to US$2m each. There are no royalty or additional payments to vendors for the projects.

GSC’s two projects comprise the San Lorenzo Project, northeast of the coastal town of La Serena in northern Chile and the Especularita Project located approximately 170km to the south of the San Lorenzo project.

The two early-stage Cu-Au projects are within the same metallogenic belt as major coastal producing operations including Teck’s Andacollo copper and gold mine. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in both exploration project areas.

However, exploration on the projects has not as yet matured to the stage where a mineral resource estimate can be determined.

am Garrett, Chief Executive Officer of Great Southern Copper, said: “It is a great time to be focused on copper-gold exploration and we are excited to advance our two large scale exploration projects in Chile, a globally significant mining jurisdiction and the largest copper producing country in the world.

There is a significant shortfall in the supply of copper, which is becoming more acute with demand increasing as the global economy moves towards green, sustainable energy. Copper exploration and extraction will be vital in achieving a low carbon future, which presents an excellent opportunity for a new generation of copper deposits to help mitigate the looming supply deficit. It is an added incentive for explorers to advance highly prospective targets such as our San Lorenzo and Especularita projects.

Listing on the London Stock Exchange will enhance the Company’s profile, gives GSC access to institutional investors, and will provide funds to explore our projects in Chile. We look forward to welcoming new investors at this exciting point in GSC’s development.”