Culpeo Minerals Ltd (ASX:CPO, OTCQB:CPORF) managing director Max Tuesley speaks to Proactive after drilling the first hole of the phase 2 drilling programme at its Lana Corina site in the Coquimbo region of Chile.
Culpeo completed phase 1 earlier this year with the second phase "well underway" according to Tuesley, with costs covered by a A$2.14mln raise.
Tuesley sees low global copper inventories as a boon for the world's producers and that Chile's proven metal reserves and good export infrastructure means it will remain central to Culpeo's operations.