Chesterfield Resources PLC, a mineral exploration company with projects in Cyprus and Canada, has released its interim results for the six months ended June 30, 2023. The company has been focused on restructuring its exploration license portfolio in both countries to reduce the need for equity dilution while maintaining shareholder exposure to potential value accretion. In March, Chesterfield optioned the Adeline Project in Canada to Sterling Metals in exchange for cash and shares, which had a positive impact on the company's finances. Chesterfield received CAD$400,000 in cash and 4.5 million shares from Sterling Metals, with the remainder of the cash payment and additional shares payable if Sterling Metals chooses to acquire the Adeline licenses by November 30, 2024. Chesterfield currently holds a 4% stake in Sterling Metals. The company also rationalized its license holdings in Cyprus, reducing them from 26 licenses to 3 licenses, and plans to continue exploration work on the retained properties. Chesterfield is actively exploring new investment opportunities and aims to announce a new direction for its development by the end of 2023. The company has implemented cost-saving measures and is in a stable financial condition with no debts and low cash outlays. For the six-month period ended June 30, 2023, Chesterfield reported a pre-tax loss of £110,963 and had a net cash balance of £348,243.