http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Thu, 14 Dec 2017 02:10:12 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Castillo Copper set to begin maiden drilling program at Cangai mine ]]> http://www.proactiveinvestors.com.au/companies/news/188695/castillo-copper-set-to-begin-maiden-drilling-program-at-cangai-mine-188695.html Castillo Copper Ltd (ASX:CCZ) is set to commence the inaugural drilling program at its Cangai Copper Mine in New South Wales following the receipt of regulatory approvals.

The drilling campaign will comprise circa 2,250 metres reverse circulation drilling across 12-drill holes.

Significantly, this is the first step towards putting in place tangible measures to upgrade the existing copper-silver-gold deposit at Cangai and allowing for an upgraded JORC 2012 resource to be generated.

READ: Castillo Copper appoints drill contractor for Cangai program

Alan Armstrong, executive director, said: “The board is delighted to get regulatory approval to commence the inaugural drilling program at Cangai Copper Mine before Christmas.

“As the drilling team have been on standby, they have now mobilised to site and will be able to make a quick start into the JORC modelled lodes that exhibit the highest grade Cu-Ag-Au mineralisation”

Drill equipment being deployed to site

The drill equipment is currently being deployed to site with substantial work to commence pre-Christmas and continue through January.

Castillo’s initial plan will be to start drilling from DP3, given this is adjacent to the highest grade JORC modelled lodes.

Consequently, this should enable early on-site analysis, and subsequently assay results, to provide some clarity on the extent of the resource in addition to what has been JORC modelled.

Castillo’s drilling aims to expand upon the current JORC inferred resource of 3.2 million tonnes grading 3.35% copper.

Topographical and electromagnetic surveys completed

The key strategy for the drilling program is to thoroughly test the JORC modelled lodes and the extent of the mineralisation halo in order to prove that mineralisation exists between the high-grade lodes.

Furthermore, with the completion of the topographical contour and electromagnetic surveys over the main lode area, the additional information gathered will assist with 3D positioning of the drilling program.

The electromagnetic survey data is currently being modelled and will encompass near mine anomalies and depth extensions within the deeper sulphide mineralised zones.

The survey results are currently being modelled and interpreted by Newexco Services, a company which has been credited with numerous sulphide ore discoveries in Australia.

Amongst those discoveries are several high profile Australian deposits, including similar copper ore projects owned by Sandfire Resources (ASX:SFR).

READ: Castillo Copper targets four high grade cobalt zones

Castillo is planning to also ramp up cobalt exploration at its 100% owned Broken Hill Project located in New South Wales.

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Wed, 13 Dec 2017 12:58:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188695/castillo-copper-set-to-begin-maiden-drilling-program-at-cangai-mine-188695.html
<![CDATA[News - Castillo Copper targets four high grade cobalt zones ]]> http://www.proactiveinvestors.com.au/companies/news/187796/castillo-copper-targets-four-high-grade-cobalt-zones-187796.html Castillo Copper Ltd (ASX:CCZ) is planning to also ramp up cobalt exploration at its 100% owned Broken Hill Project located in New South Wales.

With the Cangai Mine exploration program being managed by Gnomic Exploration Services, the company intends to turn its exploration focus to its four primary cobalt targets.

READ: Castillo Copper focused on expanding resource at Cangai Mine

Previous cobalt samples taken within and just outside the project tenements range from 2,060 ppm cobalt to up to 7,000 ppm cobalt.

Alan Armstrong, executive director, said: “With Gnomic Exploration Services now proactively managing the drilling program at the Cangai Mine, the board will concurrently focus on investigating key cobalt anomalies at Broken Hill.

“Working with our service providers, a geological team will visit the site with the goal of expanding the four primary cobalt target areas that are already highly prospective.”

Geology team to visit site to prepare for inaugural drilling

To progress the high-level exploration strategy at these priority cobalt target areas, a contracted geology team will soon visit site.

The team will focus on mapping, taking soil samples, conduct optimal electromagnetic (EM) surveys and ultimately laying the foundations for the inaugural drilling program.

Neighbour shows area has proven cobalt mineralisation

The case to ramp up targeted cobalt exploration at Broken Hill is encouraging given the significant progress neighbour Cobalt Blue (ASX:COB) has made.

Cobalt Blue’s total resource stands at 54.9 million tonnes grading 910 ppm cobalt across three deposits.

Recently in November, Cobalt Blue detailed discovering incremental targets that can potentially extend the mineralisation and implicitly boost its resource size.

Following successful desktop studies and site visits by Castillo’s geological team, the board intends to prove up and expand the identified four primary cobalt zones.

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Mon, 27 Nov 2017 14:44:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187796/castillo-copper-targets-four-high-grade-cobalt-zones-187796.html
<![CDATA[News - Castillo Copper focused on expanding resource at Cangai Mine ]]> http://www.proactiveinvestors.com.au/companies/news/187733/castillo-copper-focused-on-expanding-resource-at-cangai-mine-187733.html Castillo Copper Ltd (ASX:CCZ) is progressing exploration plans targeting resource expansion at its Cangai Copper Mine in New South Wales.

Exploration is focused on the inaugural 2,250-metre drilling program but also includes electromagnetic (EM) and topographic surveys.

Drilling aims to expand upon the current JORC Inferred Resource at Cangai of 3.2 million tonnes grading 3.35% copper.

Access to the mine site has been completed and the pre-site drilling program has been finalised.

As soon as regulatory approval is secured, the drilling team will mobilise to site to start work.

READ: Castillo Copper appoint drill contractor for Cangai program

Castillo's geology team believe that once the inaugural drilling program has been completed, resource modelling will confirm a materially higher resource size

Having raised $3.4 million from the recent placement, Castillo is well funded to cover several drilling campaigns at Cangai Mine and its other assets moving forward.

Exploration contractors in place

Alan Armstrong, director, said: “With all service provider contracts signed-off, work on proving up the resource at the Cangai Mine has started to move forward at a rapid pace.

“The landowner has cleared the access roads to the mine site enabling the aerial drone photography and topographical surveys to get underway.

“Meanwhile, the EM surveys are scheduled to commence within days, coinciding with Castillo’s geology team’s visit to site early next week.

“Gnomic has already detailed its inaugural drilling program which is designed to determine the extent of the mineralisation halo and JORC modelled lodes on strike.

“Once regulatory approval has been granted, the drilling team can mobilise to site quickly to commence work.”

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Fri, 24 Nov 2017 11:31:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187733/castillo-copper-focused-on-expanding-resource-at-cangai-mine-187733.html
<![CDATA[News - Castillo Copper appoints drill contractor for Cangai program ]]> http://www.proactiveinvestors.com.au/companies/news/187059/castillo-copper-appoints-drill-contractor-for-cangai-program-187059.html Castillo Copper (ASX:CCZ) has appointed Gnomic Exploration Services to oversee a 2,250-metre reverse circulation drilling program at its Cangai Copper Mine in New South Wales.

This will be Castillo’s inaugural drilling campaign at Cangai which has a JORC Inferred Resource of 3.2 million tonnes at 3.35% copper.

Castillo was able to recently compile the JORC resource using historical exploration data and the upcoming campaign will aim to expand upon that resource.

There are three phases to the drilling program with the initial focus on confirming supergene ore along the unmined working sections.

READ NOW: Castillo Copper upcoming drill program has shares rising

To complement the drilling program, two separate contractors have been appointed to undertake a drone aerial photography and topographic survey and a fixed loop electromagnetic (EM) survey.

Alan Armstrong, director, commented

“Once all regulatory approvals are through, the drilling campaign will commence to determine the extent of copper-gold-silver mineralisation within and external to the JORC modelled boundary.

“At this juncture, our geologists are optimistic that there will be a material upward revision to the resource size once it is 3D modelled.

“The recent assay results support this view, as they unearthed excellent high-grade material, with gold being no exception recording up to 1.7 g/t gold.

“Moving forward, Jackaderry North will become a primary cobalt target as, encouragingly, further evidence suggests cobalt mineralisation is more widespread than initial evidence implied.”

Three phase drill program

The initial phase focuses on confirming supergene ore along the unmined working sections.

Drilling will test the along strike and width extensions of the modelled lodes as well as the mineralisation halo between the lodes.

This will determine the extent of high-grade copper mineralisation within JORC modelled boundary as well as the lower grade (1-3% copper) mineralisation along the shear zone and between the high-grade lodes as identified in the field.

Phase 2 will focus on infill resource drilling aiming to upgrade a majority of the resource to the Indicated JORC category.

The closing phase of the drilling program will utilise deeper core holes to target deeper sulphide anomalies determined by the EM survey.

Cobalt target

The Cangai Copper Mine is located within the Jackaderry Project, which also hosts emerging cobalt targets.

Further geological modelling at Jackaderry North suggests contiguous cobalt mineralisation trending in from Corazon’s (ASX: CZN) tenure.

Corazon has been progressing a drilling program at its Mt Gilmore project which returned cobalt assay results ranging from up to 2.47% cobalt.

Post the Cangai drilling program, Castillo’s geology team will place greater focus on Jackaderry North and spend more time evaluating the extent of cobalt mineralisation, which is already proven extensive at surface.

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Fri, 10 Nov 2017 15:24:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187059/castillo-copper-appoints-drill-contractor-for-cangai-program-187059.html
<![CDATA[News - Castillo Copper upcoming drill program has shares rising ]]> http://www.proactiveinvestors.com.au/companies/news/187057/castillo-copper-upcoming-drill-program-has-shares-rising-187057.html Castillo Copper (ASX:CCZ) continues to attract investor’s attention as it prepares for its inaugural drill program at the recently secured Cangai Copper Mine in northern New South Wales.

During the September quarter, Castillo completed multiple acquisitions that resulted in it owning four projects, each with multiple prospects, across New South Wales and Queensland.

The Jackaderry Project hosts the historical Cangai Copper Mine, which has a JORC Inferred Resource of 3.2 million tonnes at 3.35% copper, one of Australia’s highest grade copper resources.

After delineating Cangai’s JORC resource using historical exploration data recently in September, Castillo sees good potential for resource expansion in its maiden drilling program.

Drilling will focus on unmined working sections and the mineralisation halo within the JORC modelled boundary at Cangai.

Recent visit to Cangai reveals growth potential

A recent site visit to Cangai confirmed evidence of extensive high-grade copper mineralisation materially above initial expectations.

This significantly enhances the potential for a resource size upgrade post the upcoming inaugural drilling program.

The geological team examined legacy working sections, extensive outcropping and three ore stockpiles – all showing copper mineralisation is more extensive than initially modelled.

Early cash flow opportunity

XRF analysis confirmed high-grade copper mineralisation apparent in five historical stockpiles, showing up to 30% grades which is consistent with legacy assays.

The high-grade ore stockpile areas are early potential targets for cash flow generation, if mining operations re-commence.

Furthermore, the Cangai Copper Mine’s high-grade supergene ore is able to be shipped to Asian customers, by trucking the ore to Grafton nearby to access the railway network.

Near-term priorities at Cangai

The Castillo board has determined the following to be priorities at Cangai:

- Target extensions to higher grade lenses as potential direct shipping ore material;
- Focus on proving up and extending the defined supergene ore lodes within the resource using legacy data and an inaugural drilling program;
- Undertake a preliminary assessment of having an open pit mine, given the resource is relatively shallow and this is the most economic way to extract the ore;
- Expedite re-assaying legacy core samples for cobalt given that builds in additional upside; and
- Progress desktop work identifying other mineralised anomalous zones within the Jackaderry Project to expand the overall resource size.

Supported by a rising copper price

This is a fortuitous period to be developing a copper mine with copper prices having rebounded over 50% from their 2016 lows.

Copper is trading near to its 3-year high and investment bank, Goldman Sachs, recently increased its copper forecasts based on the outlook for global growth.

It also believes the market now faces a potential deficit next year, not the surplus it and others previously forecast.

Project portfolio

Castillo is a base metal explorer primarily focused on copper, cobalt, zinc and nickel with the bulk of its core operating assets in eastern Australia.

Its project portfolio includes:

- Jackaderry Project (100%, New South Wales): 3 prospects including the Cangai Copper Mine;
- Broken Hill Project (100%, New South Wales): 2 prospects;
- Mt Oxide Project (100%, Queensland): 3 prospects;
- Marlborough Project (under application, Queensland): 3 prospects; and
- Chilean Projects (100%).

Zinc and cobalt targets at Broken Hill Project

During September, evidence of surface mineralisation for zinc and cobalt was uncovered as part of the desktop review process at the Broken Hill Project.

Just outside the western boundary but striking into the project area, surface mineralisation grading up to 3,000ppm cobalt was been found.

Within the same anomalous zone, legacy drill-holes had intersections that contained 7,000 ppm cobalt.

The review has also uncovered multiple legacy drill holes with grades of up to 3% zinc.

Given the prices of zinc and cobalt are also very strong, generating drill targets within the Broken Hill Project will follow the Cangai drilling campaign.

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Fri, 10 Nov 2017 14:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187057/castillo-copper-upcoming-drill-program-has-shares-rising-187057.html
<![CDATA[News - Castillo Copper to swell one of Australia’s highest grade deposits ]]> http://www.proactiveinvestors.com.au/companies/news/185990/castillo-copper-to-swell-one-of-australias-highest-grade-deposits-185990.html Castillo Copper Ltd (ASX:CCZ) has confirmed evidence of extensive high-grade copper mineralisation materially above initial expectations at the Cangai Copper Mine in northern New South Wales.

This significantly enhances the potential for a resource size upgrade post the upcoming inaugural drilling program.

It is worth noting that the Cangai Copper Mine already has a JORC compliant inferred resource of 3.2 million tonnes at 3.35% copper – one of the highest in Australia.

Castillo’s geology team recently undertook an extended site visit to the Cangai mine.

The team examined legacy working sections, extensive outcropping and three ore stockpiles – all showing copper mineralisation is more extensive than initially modelled.

Notably, pXRF analysis confirmed high-grade copper mineralisation apparent in five historical stockpiles, showing up to 30% grades which is consistent with legacy assays.

The high-grade ore stockpile areas are early potential targets for cash flow generation, if mining operations re-commence.

Cangai Copper Mine’s high-grade supergene ore can be shipped to Asian customers, by trucking the ore to Grafton to access the railway network.

The railway network connects to Newcastle Port circa 500 kilometres south of the mine.

Castillo is now preparing to commence the inaugural drilling program, with full details to be released once finalised.

The focus of the drilling will be to prove an indicative copper resource as soon as practical.

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Mon, 23 Oct 2017 14:58:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185990/castillo-copper-to-swell-one-of-australias-highest-grade-deposits-185990.html
<![CDATA[News - Castillo Copper attracts Speculative Buy from Perth broker ]]> http://www.proactiveinvestors.com.au/companies/news/185460/castillo-copper-attracts-speculative-buy-from-perth-broker-185460.html Castillo Copper Ltd (ASX:CCZ) is well-funded and is set to receive $3.4 million from a heavily oversubscribed capital raising.

Castillo’s recent exploration success has attracted a Speculative Buy from Perth broker CPS Securities. The following is an extract from the report.

Overview

CCZ is an emerging Cu-Co-Zn-Ni explorer with four highly prospective projects across NSW/QLD.

The maiden JORC compliant Inferred Resource was 3.2Mt @ 3.35% Cu for the historic Cangai Copper Mine: it contains supergene ore up to 35% Cu / 10% Zn in unmined working sections which delivers re-opening potential.

Management’s strategic intent is to define four JORC compliant resources across the project groups.

With an experienced executive team and differentiated low-capex business plan, which allows CCZ to expedite ore to market, we initiate coverage with a Speculative BUY.

Investment Highlights

Recent acquisition increases footprint.

Following the completion of a recent acquisition, CCZ now has a large mineralised footprint with 11 highly prospective Cu-Co-Zn-Ni tenures in NSW/QLD including the historic Cangai Copper Mine – with supergene ore up to 35% Cu / 10% Zn – spread across four project groups: Jackaderry and Broken Hill in NSW; Mt Oxide and Marlborough in QLD.

High-grade maiden JORC Inferred Resource at Cangai Copper Mine.

Applying high-tech 3D modelling to the Cangai Copper Mine (within Jackaderry) using legacy data, resulted in an exceptionally high-grade maiden JORC compliant Inferred Resource of 3.2MT @ 3.35% Cu being generated ; this is arguably one of the highest-grade Cu resources in Australia with contained Cu of circa 108,000Mt – a clear re-opening candidate for the unmined working sections.

Direct shipping of ore to generate higher margins.

Leveraging excellent existing transportation infrastructure, supergene ore from Cangai Copper Mine potentially enables CCZ to directly ship ore to key north Asian markets via Newcastle Port.

This avoids large-scale capital expenditure and enables CCZ to quickly monetise the current base-metal upcycle.

This is clearly CCZ’s most differentiated selling point.

Targeting three additional incremental JORC compliant Inferred Resources.

Post Cangai, the next target is to use cost effective legacy data where possible (otherwise it requires drilling) to JORC model significant high-grade zinc and cobalt mineralisation areas in the Broken Hill Project.

Two more JORC compliant Inferred Resources for the Mt Oxide (Cu-Co) and Marlborough (Ni-Co) projects will progress post the inaugural drilling program, which will commence at Cangai Copper Mine before year-end.

Valuation

Factoring in the start of a base metal upcycle and comparing the market capitalisations of similar Cu-Co-Zn-Ni ASX-listed stocks, especially Corazon (CZN; MC: $24m) which owns 51% of the tenement directly adjacent to the Jackaderry Project, CCZ’s current market capitalisation ($20m) is undemanding.

Furthermore, when building in incremental exploration and resource size upside across the four project groups, CCZ’s undervaluation argument relative to peers becomes far more compelling:
Speculative Buy.

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Thu, 12 Oct 2017 09:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185460/castillo-copper-attracts-speculative-buy-from-perth-broker-185460.html
<![CDATA[News - Castillo Copper shares surge after raising $3.4M for copper mine in New South Wales ]]> http://www.proactiveinvestors.com.au/companies/news/184011/castillo-copper-shares-surge-after-raising-34m-for-copper-mine-in-new-south-wales-184011.html Castillo Copper Ltd (ASX:CCZ) has raised $3.4 million via a share placement at $0.032 per share to progress its Cangai Copper Mine in New South Wales.

The company’s shares closed circa 21% higher on Thursday, at $0.041.

The offer was heavily oversubscribed with significant participation from current shareholders, in addition to new high net worth and Institutional investors from Hong Kong, Singapore and Australia.

Castillo Copper’s initial focus will be on proving a commercially scalable resource within and surrounding the historic Cangai Copper Mine.

Interestingly, the project already has a JORC inferred resource of 3.2 million tonnes at 3.35% copper from legacy data with key drilling targets already identified.

The work at Cangai is to be followed by the works at the Jackaderry project, Broken Hill project, Mt Oxide project and Marlborough projects.

Castillo’s Australian assets were acquired outright in mid-2017, comprising six highly prospective copper-cobalt-zinc project areas in New South Wales and Queensland.

The company’s wholly-owned Chilean assets comprise of exploration concessions across a total area of 1,800 hectares that are well known for high grade copper-gold projects.

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Fri, 15 Sep 2017 08:35:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184011/castillo-copper-shares-surge-after-raising-34m-for-copper-mine-in-new-south-wales-184011.html
<![CDATA[News - Castillo Copper heads to market following positive re-rating ]]> http://www.proactiveinvestors.com.au/companies/news/183787/castillo-copper-heads-to-market-following-positive-re-rating-183787.html Castillo Copper Ltd's (ASX:CCZ) shares last traded at $0.034, or around double their valuation from two-months ago, as the company has received a positive re-rating on the back of a rising copper price.

Castillo has now taken the opportunity to head to market and raise capital, with the ASX granting a trading halt to do so.

The halt will remain in place until the opening of trade on Thursday 14th September 2017, or earlier if an announcement is made to the market.

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Tue, 12 Sep 2017 10:57:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183787/castillo-copper-heads-to-market-following-positive-re-rating-183787.html
<![CDATA[News - Castillo Copper acquiring new projects to expand its mineralised footprint ]]> http://www.proactiveinvestors.com.au/companies/news/182898/castillo-copper-acquiring-new-projects-to-expand-its-mineralised-footprint-182898.html Castillo Copper Ltd (ASX:CCZ) is expanding its mineralised footprint across New South Wales and Queensland by acquiring a private company which owns cobalt, copper, zinc and nickel assets.

Castillo’s existing assets, which were acquired outright in mid-2017, comprise six highly prospective copper-cobalt-zinc project areas in New South Wales and Queensland.

Following the acquisition, Castillo will own 11 project areas in four geographic locations.

This will include Jackaderry (three prospects); Broken Hill (two); Mt Oxide (three) and Marlborough (three).

Importantly, this includes the historic Cangai copper-cobalt mine within the Jackaderry South prospect, where legacy data confirms the presence of supergene ore with up to 35% copper.

The acquisition will result in the doubling of the key Jackaderry South project area that houses the Cangai Mine.

The shareholders of the private company will receive 15 million shares of Castillo and a net smelter return royalty of 3% as consideration for the transaction

Castillo’s objective is to prove up to three JORC inferred resources starting with Cangai mine, then Broken Hill and finally Mt Oxide project later in the year.

The company’s share price has almost doubled in the past one month and is currently trading at $0.041.

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Thu, 24 Aug 2017 13:09:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182898/castillo-copper-acquiring-new-projects-to-expand-its-mineralised-footprint-182898.html
<![CDATA[News - Castillo Copper readies to pounce on acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/181100/castillo-copper-readies-to-pounce-on-acquisition-181100.html Castillo Copper Ltd (ASX:CCZ) has entered an ASX trading halt today, pending details of a material acquisition.

Earlier in the month Castillo completed the acquisition of Qld Commodities Pty Ltd, a company which holds three highly prospective cobalt-copper-nickel project areas in New South Wales and Queensland.

The halt will remain in place until the opening of trade on Friday 21st July 2017, or earlier if an announcement is made to the market.

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Wed, 19 Jul 2017 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181100/castillo-copper-readies-to-pounce-on-acquisition-181100.html
<![CDATA[News - Castillo Copper to acquire cobalt and copper projects ]]> http://www.proactiveinvestors.com.au/companies/news/175259/castillo-copper-to-acquire-cobalt-and-copper-projects-175259.html Castillo Copper (ASX:CCZ) has entered into a binding heads of agreement to acquire 100% of Australian copper and cobalt company Qld Commodities Pty Ltd (QComm).

QComm has 3 applications targeting high grade copper and cobalt systems in New South Wales and Queensland.

Kungabaran ELA 5446 is an application for an exploration licence covering 153 square kilometres prospective for copper and cobalt in the New England Orogen of New South Wales.

Peak Hill ELA 5447 is an application for an exploration licence covering 57 square kilometres prospective for copper and cobalt 16 kilometres southwest of Broken Hill in New South Wales.

Mt Oxide EPM 26462 is an exploration permit covering 214 square kilometres prospective for copper and cobalt in the Mt Isa region of northwest Queensland.

Shares and performance rights to be issued to QComm shareholders as consideration for the proposed acquisition will comprise 21.5% of the expanded issued capital of Castillo.

To assist the company complete the proposed acquisition, Castillo will undertake a placement of at least 33.3 million shares priced at $0.015 to raise at least $500,000.

Castillo will also seek shareholder approval to issue up to 66.6 million shares priced at $0.015 pursuant to a capital raising to raise a further $1 million.

Shares in Castillo are trading up 45% in 2017, currently priced at $0.019.

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Thu, 23 Mar 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175259/castillo-copper-to-acquire-cobalt-and-copper-projects-175259.html
<![CDATA[News - Castillo Copper takes advantage of rising shares ]]> http://www.proactiveinvestors.com.au/companies/news/169916/castillo-copper-takes-advantage-of-rising-shares-169916.html Castillo has taken advantage of the recent investor interest, and is heading to market with a capital raising.

The halt will remain in place until the opening of trade on Wednesday 7th December 2016, or earlier if an announcement is made to the market.

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Mon, 05 Dec 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169916/castillo-copper-takes-advantage-of-rising-shares-169916.html
<![CDATA[News - This company is up 200% today ]]> http://www.proactiveinvestors.com.au/companies/news/134164/this-company-is-up-200-today-61992.html Monday’s ASX % Gainers at midday.

NameCodeLastChangeVolume Castillo Copper ASX:CCZ $0.003 200% 22,450,000 Byte Power Group ASX:BPG $0.002 100% 600,000 Ephraim Resources ASX:EPA $0.003 50% 1,660,020 Cockatoo Coal ASX:COK $0.003 50% 1,680,000 Resource Mining Corporation ASX:RMI $0.003 50% 498,683 Promesa Limited ASX:PRA $0.007 40% 4,087,848 Gulf Industrials ASX:GLF $0.012 33.3% 8,250,346 Australian Mines ASX:AUZ $0.008 33.3% 3,324,556 Northern Manganese ASX:NTM $0.013 30% 178,448 Korab Resources ASX:KOR $0.065 25% 197,600

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 27 Apr 2015 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134164/this-company-is-up-200-today-61992.html
<![CDATA[News - Castillo Copper finds evidence of porphyry copper at Chile Project ]]> http://www.proactiveinvestors.com.au/companies/news/134163/castillo-copper-finds-evidence-of-porphyry-copper-at-chile-project-53978.html Castillo Copper (ASX: CCZ) has intersected extensive hydrothermal alteration and mineralisation in all three holes drilled at its Posada Copper Project in Chile, successfully testing a 4 kilometre by 1 kilometre geophysical anomaly.

Despite this, the large extent of the alteration and occurrence of copper and gold in the drill core, and the size of the geophysical anomaly has led to the interpretation that the intercepts are peripheral to an important porphyry copper occurrence.

This interpretation is consistent with the presence of Mesozoic age porphyry copper deposits in the Coastal Ranges of Chile, many of which overprint IOCG assemblages, such as Inca de Oro and Carmen, north of Copiapo.

Castillo will now carry out the next phase of deep drilling to definitively intercept the copper mineralisation.

This will target magnetic features associated with the main induced polarisation anomaly.

Castillo's other Chilean projects, Resguardo and Rio Rocin, are prospective for porphyry and supergene copper mineralisation.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 28 Mar 2014 17:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134163/castillo-copper-finds-evidence-of-porphyry-copper-at-chile-project-53978.html
<![CDATA[News - Castillo Copper kicks off iron ore-copper-gold drilling in Chile ]]> http://www.proactiveinvestors.com.au/companies/news/134162/castillo-copper-kicks-off-iron-ore-copper-gold-drilling-in-chile-52119.html Castillo Copper (ASX:CCZ) has commenced drilling at its Posada Copper Project in Chile to test a 1 kilometre by 4 kilometre geophysical target previously identified that it had previously identified.

Two diamond holes, each to 250 metres depth, are being drilled at Posada, the second of three Castillo properties to be drill tested this field season.

The project covers 6,100 hectares on the northern Chilean copper-iron belt, and exploration work by Castillo has focused on identification of iron oxide copper gold targets hosted within the Mesozoic arc volcanics.

Castillo's other Chilean projects, Resguardo and Rio Rocin, are prospective for porphyry and supergene copper mineralisation.

The company also controls exploration properties in New South Wales, and is capitalised at $3 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Jan 2014 14:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134162/castillo-copper-kicks-off-iron-ore-copper-gold-drilling-in-chile-52119.html
<![CDATA[News - Castillo Copper kicks off copper drilling at Resguardo, Chile ]]> http://www.proactiveinvestors.com.au/companies/news/134161/castillo-copper-kicks-off-copper-drilling-at-resguardo-chile-51177.html Castillo Copper (ASX: CCZ) has commenced drilling to test a previously identified breccia pipe for high grade copper mineralisation at depth at its Resguardo project in Chile.

This is the first of its three properties to be drill tested this field season, with two reverse circulation holes to around 250 metres depth.

Prior to the commencement of the drilling program, historic open cut and underground workings were surveyed and sampled for copper.

Assay results from this sampling are pending and will be complementary to drilling.

Phase one exploration was completed earlier this year, comprising geological mapping and geochemical sampling to expand the metallogenic and alteration footprint of the copper breccia pipe and surrounding area.

Ground magnetics were also used to clarify the structural setting.

Castillo boasts three advanced drill ready copper exploration properties in Resguardo, Rio Rocin and Posada, all in Chile.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 16 Dec 2013 12:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134161/castillo-copper-kicks-off-copper-drilling-at-resguardo-chile-51177.html
<![CDATA[News - Castillo Copper raises $3.5M for Chile copper drilling ]]> http://www.proactiveinvestors.com.au/companies/news/134160/castillo-copper-raises-35m-for-chile-copper-drilling-48594.html Castillo Copper (ASX: CCZ) has raised $3.5 million through a fully subscribed placement of 350 million shares to fund drilling at its copper projects in Chile.

Funds will also be used to make legal title and option payments for the projects as well as repay loans.

The company has selected three projects for advanced studies and one at a basic level:

-    Posada, an IOCG project in the copper-iron belt of the Atacama Fault Zone in Northern Chile;
-    Rio Rocin, a porphyry copper project in the highly productive Central Zone of Chile;
-    Resguardo, a porphyry copper project associated with the lower Tertiary porphyry copper belt of Northern Chile; and
-    Quebrada Huanta, porphyry copper-gold prospect near La Serena in Central Chile.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 30 Sep 2013 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134160/castillo-copper-raises-35m-for-chile-copper-drilling-48594.html
<![CDATA[News - Castillo Copper targets $3.5m for copper exploration in Chile ]]> http://www.proactiveinvestors.com.au/companies/news/134159/castillo-copper-targets-35m-for-copper-exploration-in-chile-47262.html Castillo Copper (ASX:CCZ) has signed a lead manager on a best endeavours basis to place 350 million shares at $0.01 to raise $3,500,000 before costs.

Funds raised will be used to advance the company’s copper projects in Chile. Drilling programs are planned on two projects with targets to be defined by geophysics for immediate execution.

Funds raised will also allow evaluation of new acquisition opportunities. CCZ is currently examining three priority projects.

These include:

- Posada, an IOCG project in the copper-iron belt of the Atacama Fault Zone in Northern Chile;
- Rio Rocin, a porphyry copper project in central Chile; and
- Resguardo, another copper project in the lower Tertiary porphyry copper belt of Northern Chile.

The capital raising is subject to shareholder approval.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 28 Aug 2013 13:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134159/castillo-copper-targets-35m-for-copper-exploration-in-chile-47262.html
<![CDATA[News - Castillo Copper raises funds for Chile quest ]]> http://www.proactiveinvestors.com.au/companies/news/134158/castillo-copper-raises-funds-for-chile-quest-46823.html Castillo Copper (ASX: CCZ) has set its sights on drilling in the spring and summer of 2013/14 at its Chilean properties, with the company now raising funds for the program.

The ASX this morning has granted Castillo a trading halt, with its shares placed in pre-open.

Castillo has already completed geophysical exploration on the Rio Rocin porphyry copper project in central Chile, which consists of 4,650 hectares of concessions located around 140 kilometres north of Santiago in the San Felipe Province of the Valparaiso Region.

The project is on the same structural trend that hosts giant porphyry copper mines such as El Teniente (Codelco), Los Bronces (Anglo American), Andina (Codelco) and Los Pelambres (Antofagasta Minerals).

The trading halt will last until the earlier of an announcement being made to the market, or the opening of trade on Tuesday 20th August 2013.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 16 Aug 2013 11:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134158/castillo-copper-raises-funds-for-chile-quest-46823.html