The JSE is pleased to announce a new copper listing on the Alternative Exchange (AltX Board), Copper 360 Limited (CPR). This is the second company to list on the JSE this year, pushing up the number of listed companies on the bourse to 303 with an overall market capitalisation of R22.76 trillion.
Copper 360 is a copper mining company with operations based in the Northern Cape, building South Africa’s next major copper producer. Formed in November 2022, following a reverse take-over of copper producer Big Tree Copper, and copper mining company SHiP Copper, the company has a focus on producing premium copper that will yield high cash margin.
The company’s Mining Right covering 19,000 hectares to the north of the town of Springbok holds 12 copper mines (some with developed infrastructure) and 60 copper prospects with advanced geological datasets. It is estimated that the Life-of-Mine across the various operations is over 100 years.
Jan Nelson, chief executive of Copper 360 said: “Coming to the market means we give South Africans exposure to the only pure copper exposure available to them with further major growth. It opens up a capital market for us and allows us a network to further develop strategic partnerships. It also raises our profile and South Africa.”
Using a cluster mining model developed by our chair, Shirley Hayes – where several mines feed into one process facility – Copper 360 will create a new “Copper Country”. With a centralised process facility, smaller orebodies become economically viable, and have the potential to add up to greater benefits for copper mining in the region.
“The mining sector is a vital driver of economic growth in South Africa. With mining revenues reaching over R1.18 trillion in 2022, it is imperative that the country continues to focus on investing in this sector. South Africa holds some of the world's largest reserves of precious metals, refractory metals, base metals and energy minerals. As such, we are pleased to welcome an emerging giant in the copper mining industry to the Altx Board which we launched in 2003 to catalyse the growth of small and medium size businesses such as Copper 360,” says Sam Mokorosi, Head: Origination and Deals at the JSE. “It is heartening to see small and medium sized companies leverage the JSE as a strong platform for capital access and future expansion.”
A listing on the JSE gives companies like Copper 360 access to deep and highly liquid capital markets while providing investors exposure to Africa’s great growth potential through a trusted entry point.
The AltX market focuses on good quality, small and medium sized high growth companies. AltX provides smaller companies a springboard onto the JSE Main Board with a clear growth path and access to capital.
“We are proudly South African, bold, brave and innovative. We have tenacity, endurance and courage but always remain humble. We never give up! We are building South Africa’s next copper Giant. We are Copper 360 - Hello Copper and hello JSE!” concludes Nelson.
Copper 360 is one of 44 companies in the basic materials sector listed on both the Main Board and AltX Board of the JSE.
ABOUT THE JSE
The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent.
The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 135 years. As a leading global exchange, the JSE co-creates unlocks value & makes real connections happen. www.jse.co.za
About Copper 360 Limited:
Copper 360 Limited is Africa’s newest producer of the strategic metal copper. With operations based in the Northern Cape province of South Africa, the company is focused on developing one of the largest and most promising copper districts in South Africa.
The company was formed in November 2022 following a reverse takeover by copper miner Shirley Hayes of SHiP Copper of then copper cathode producer Big Tree Copper which at the time at produced the first copper in 20 years in the district.
As the mining and resources industry continues to evolve and change, Copper 360 Limited is set to become one of the key players in the development of the South African copper future. www.copper360.co.za
The JSE takes your privacy seriously in accordance with the POPI Act. We endeavour to only send you relevant information that we think will be of interest to you and the media title you work at. No action is required if you are happy to continue receiving JSE news and information. Should you change your mind at any time in the future, please do let us know. If you do not wish to receive JSE news and information, please respond to this email and we will remove you from future distributions.
JSE general enquiries:
Email: [email protected]
Tel: 011 520 7000
Copper 360 enquiries
082 5200 555
083 325 4445
JSE media contact:
Tel : 011 520 7331 | Mobile : 066 261 7405
Email : [email protected]