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Castillo Copper Ltd (ASX:CCZ)

Castillo Copper Ltd (ASX:CCZ)

Share Price
$ 0.04
0.002 (5.26 %)
Market Cap
$23.20 m
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Castillo Copper Ltd

Castillo Copper Ltd (ASX:CCZ) is focused on copper exploration in Chile.

Market: ASX:CCZ
52-week High/Low: A$0.09 / A$0.02
Sector: General Mining
Market Cap: A$23.20M

Castillo Copper Ltd

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Big picture - Why invest in Castillo Copper Ltd

Castillo Copper Ltd Snapshot

Castillo Copper Ltd(ASX:CCZ) is an ASX-listed base metal explorer – primarily focused on copper, cobalt, zinc and nickel – that has the bulk of its core operating assets in eastern Australia.




Key points:

  • The initial desktop review identified several excellent Cu-Co anomalies with best results 18% Cu and 0.09% Co in the tenure neighbourhood;
  • Notably, within the tenure, significant Co mineralised zones were detected, generating early targets for the maiden drilling program; and
  • Work on generating a JORC compliant Inferred Resource for Cu-Co will commence immediately post the drilling campaign – most likely during 1H 2018.

(click here for more information on this project)


Key Points:

  • The Board has ordered a detailed desktop review of the Marlborough Project, given it was the last major asset to be acquired;
  • Legacy data shows the area covered by the Marlborough project and Queensland Nickel contains proven and probable reserves of 48.7Mt at 0.94% nickel and 0.06% cobalt; and
  • Upon completion of the desktop review, the Board will assess key targets and timing for the maiden drilling campaign – likely in 1H 2018.

(click here for more information on this project)




Key Points:

  • The Jackaderry Project is on an ultramafic system that is well known for high-grade copper-cobalt;
  • Exceptional high-grade JORC Inferred Resource for Cangai Copper Mine derived from 3D modelling of legacy data at 3.2MT @ 3.35% Cu, representing circa 108,000MT contained copper;
  • The drilling program, which is slated to begin soon, will initially target additional supergene ore mineralisation at Cangai Mine that 3D JORC modelling has confirmed is open in all directions;
  • Inaugural testing on legacy core samples from the mine for cobalt should determine an Inferred Resource; and
  • Significant exploration and mineral size resource upside as desktop review is broadened across the entire project area and incremental drill targets identified.

(click here for more information on this project)


Key Points:

  • JORC modelling using cost effective legacy data for the Broken Hill project is focused on several areas within the tenure that exhibit significant high-grade Zn-Co mineralisation;
  • This is CCZ’s secondary focus area and a JORC compliant zinc Inferred Resource is likely to be generated relatively soon;
  • Legacy core samples are currently being assayed for cobalt; and
  • Incremental exploration upside in the mix as the initial desktop review uncovered numerous Co (max 0.12%), Cu (max 12%) and Zn (max 17.7%) anomalous zones in the tenure neighbourhood.

(click here for more information on this project)



Through its wholly owned Chilean subsidiary, Castillo Copper has six concession blocks covering an area of 1,800 hectares. Known as the Trueno concessions, they are in a zone known for high grade copper-gold projects such as El Indio but containing identified and underexplored porphyry copper-gold deposits.

Last updated 28th June 2018


Mr Meagher commenced his career as an equity analyst with roles in London and Hong Kong, before to moving to Sydney with a merchant bank in a corporate finance role. Subsequently, he has held senior corporate advisory roles with several investment banks in Sydney and Perth. He has also worked as a finance director for a large listed group with operations in hotels, property development, mining and exploration. Mr Meagher has been involved in a number of private and public companies, including Oklo Resources (Mali gold exploration) and White Star Resources (Chile copper/gold exploration).

He has Commerce/Economics degrees from the University of Western Australia and is a Certified Practising Accountant.


Mr Smith is a geophysicist with 30 years’ experience in base metal mineral exploration having worked for Normandy, Pasminco, BHP Billiton and several junior mining companies. He has held senior exploration manager roles, including Regional Exploration Manager Australia for Cliffs Natural Resources.

Reflecting his diverse experience, Mr Smith has worked on base metal projects in Africa, Australia, Philippines, Pakistan, USA and Peru. More importantly, he has managed projects through exploration, development then leading to production.

Mr Smith is a qualified Competent Person and has memberships with the Australian Society of Exploration Geophysicists and Australian Institute of Geoscientists (AIG). He obtained a Bachelor of Science from the University of Sydney.


Mr Armstrong is an experienced chartered accountant and has spent his career focused on advising small-to-medium sized businesses. From late 2014 to mid-2016, as managing director, Mr Armstrong was instrumental in transforming Tanzanian-focused graphite explorer, Volt Resources (ASX: VRC), from a start-up to business with a $180 million market capitalisation upon departure.

Notably, other than taking charge of strategic and finance issues, Mr Armstrong developed extensive relationships with the investment community during his tenure.

Mr Armstrong has a Bachelor of Business from Charles Sturt University and is a member of the Institute of Australian Chartered Accountants and Australian Institute of Company Directors.


Last updated 28th June 2018

Level 6, 105 St Georges Terrace
Perth WA 6000

PO Box 5457
Perth WA 6831

Tel: +61 8 6558 0886
Fax: +61 8 6316 3337

E-mail: [email protected]

Castillo Copper Ltd Timeline

CN Research
September 11 2018
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