Cindrigo Holdings Ltd. (LSE:CINH) is pleased to provide an update on its Slatina 3 geothermal project in Croatia.
- Completed first phase of drilling plan including all civil works and well pad construction on site.
- Company has given notice to mobilise the contracted drilling rig to commence the drilling of the ca 4,000 metres deep level well during February, to finalise the exploration phase of the project with the objective to move to exploitation phase.
- Received bridging finance of EUR 3.3 million from the Company’s largest shareholder Danir AB (“Danir”) to secure the progress of the project.
Click HERE to View the Slatina 3 Project Gallery & Videos.
Please read the full Notice which can be downloaded HERE
Also available from the London Stock Exchange website HERE