Halo Minerals PLC is a leading mining company dedicated to the exploration, development, and production of battery metals, especially copper. With a strong focus on sustainability and innovation, it aims to meet the growing demand for clean energy solutions.

17 Jun 2026

A unique copper tailings opportunity in Chile

Halo Minerals was admitted to AIM on 30 March this year, raising £4m at 18p/share. The funds will be used to advance work to develop the Playa Verde copper tailings project at Chañaral Bay, on the coast of Chile. The plan is to dredge the tailings and recover copper cathode and copper concentrate which also contains by-product gold.

For 37 years copper tailings (waste material from mining) were dumped into the Salado River, working their way 120km downstream to be deposited on the beach and offshore at Chañaral Bay. Tailings operations are usually lower risk than mine development and can help the environment by cleaning up former mining sites.

Halo hopes to complete an updated Definitive Feasibility Study and make an investment decision in H2 26 with potential start-up in 2028.

Our Fair Value estimate is 46p/share based on the Competent Person’s Report model (34.8mt, 10% discount rate) which compares with the current 9p price.

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