“Our previous mapping and sampling work, in conjunction with the recently completed magnetics survey, results of which will be published shortly, have identified a number of compelling targets for drill testing,” Allied Copper Chairman Warner Uhl said. “Over the June quarter, we have progressed our targeting initiatives whilst being cognizant of our treasury and are pleased to be in a position where we are fully funded through this program.”

The company is finalizing bond placement to enable the program to commence on or about July 15. Planning and logistics for the program are well underway and the drill plan will be announced once details are finalized prior to the program startup.