Financial results for the Group for October 1st to December 31st 2018:

  • Result of the period amounted to -5,048 (-1,958) KSEK.
  • Earnings after tax per share were -0.02 (-0.01) SEK.
  • The cash flow during the period was -952 (23,951) KSEK.
  • The shares in NIO have been revalued at market price resulting in a write-off of 3.9 MSEK

Financial results for the Group for Year to date as of December 31st 2018:

  • Result of the period amounted to -459 (-7,984) KSEK.
  • Result of the period per share was 0.00 (-0.04) SEK.
  • The difference 2018 to 2017 is mainly due to the netting of a receivable in NIO for shares and a convertible. The receivable was acquired by Copperstone at a discount to nominal value in 2016, generating a profit of 8.2 MSEK at its finalization before the listing of NIO at Nasdaq First North.
  • The shares in NIO have been revalued at market price resulting in a write-off of 3.9 MSEK
  • The closing balance of cumulative capitalized expenditure for exploration amounted to 59,212 (39,151) KSEK.
  • Total assets at the end of the period was 74,681 (78,642) KSEK.
  • The cash flow during the period was -26,901 (25,557) KSEK.
  • The liquidity at the end of the period was 1,385 (28,286) KSEK.

Significant events during the period:

  • Award of EVA K NO. 1 Exploitation Concession confirmed by the Swedish Government.
  • Viscaria copper project: Share sale and purchase agreement signed.
  • Norrlandsfonden to convert 1.5 MSEK into Copperstone shares.
  • Sunstone shareholders voted 99.95% in favour of the Viscaria transaction.
  • Copperstone shareholders voted 99.99% in favour of the Viscaria transaction.
  • Copperstone confirms large scale exploration target potential of 150-210 million tonnes at 0.25-0.45% copper at Granliden and provides an updated mineral resource inventory for the property.
  • Change of Management; Michael Mattsson new CEO.

Significant events after the period:

  • Viscaria update regarding financing and expected closing.
  • Strengthening of the permission portfolio.

Please see the attached document for the full report: Q42018 Final

For further information, please contact Michael Mattsson (CEO) at +46(0)580-88890, +46(0)705 739 777,; or refer to Copperstone webpage:

This press release contains insider information which Copperstone Resources AB (publ) is obliged to publish according to the EU market abuse regulation (MAR). The information was delivered by the above-mentioned contact for publishing February 21, 2019 at 21:30 CET.

About Copperstone
Copperstone is a public company trading as COPP B on NASDAQ First North (Stockholm). The Certified Adviser is Augment Partners AB,, +46 8 505 65 172. The Company is focused on base and precious metal exploration in the vicinity of the internationally recognized mining region of the Skellefte-field in northern Sweden. In this area Copperstone owns two exploitation concessions, namely Svartliden k no. 1 (36ha), Eva k no. 1 (34ha) and four nearby exploration permits, namely Sandberget 200 (19ha) and Sandberget 300 (19ha), Sandberget 400 (535ha*) and Sandberget 500 (7641ha*) to form a contiguous block with existing titles. The Copperstone project is based on 273 drillholes with an approximate total of 46,350m. In addition the Company also owns the Tvistbogruvan K no. 1 (11ha) exploitation concession and the Såggården No.1 (199ha) exploration permit in the Bergslagen mining region of central Sweden. Quoted surface areas are approximate to the nearest hectare. *Valid since February 11, 2019; three-week objection period for land and stake holders´ service pending.

Qualified Person
This report has been reviewed by the Qualified Person of the Company (QP) Thomas Lindholm M. Sc., GeoVista AB, Luleå.

Forward-looking Statement
News releases, presentations and public commentary made by the Company, and its Officers, may contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to interpretations of exploration results to date and the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's Directors. Such forward-looking and interpretative statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such interpretations and forward-looking statements. Accordingly, the reader should not rely on any interpretations or forward-looking statements; and save as required by the exchange rules of NASDAQ First North (Stockholm) for listed companies or by applicable laws, the Company does not accept any obligation to disseminate any updates or revisions to such interpretations or forward-looking statements. The Company may re-interpret results to date as the status of its assets and projects changes with time expenditure, metals prices and other affecting circumstances.