Great Southern Copper CEO Sam Garrett on 780K funding boost, Chilean drilling plans [Video]

Great Southern Copper PLC (LSE:GSCU) CEO Sam Garrett talked with Proactive’s Stephen Gunnion about the company’s latest capital raise of £780,000, which included new investors and support from their cornerstone shareholder. Garrett explained that this funding signals confidence in the company, especially during a tough period for mining finance. He emphasised the progress at the Especularita project, mentioning that seven drill targets are prepared, with a focus on the Mostaza and Viuda prospects. The funds will enhance drilling capacities, potentially introducing additional exploration programs such as geophysical surveys.

Garrett noted that preparations are in place for drilling by the end of the fourth quarter, pending final permits and approvals from local authorities and environmental groups. The company has secured a drilling company and rig, signalling imminent action. ‘We believe we’re getting close with most of the permitting issues,’ Garrett remarked, highlighting the readiness of Great Southern Copper’s team.