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ASX:CCZ

Castillo Copper Ltd

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Market:
ASX
Market Cap:
$53.63 m
Price
0.05 AUD
Change
-1.85%
52 weeks high
0.06
52 weeks low
0.01

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.

AUSTR ALIA

QUEENSLAND

MT OXIDE PROJECT

Key Points:

  • With the right high-calibre strategic partner, CCZ is targeting to develop a viable Cu-Co mining operation at its highly prospective Mt Oxide project – which has a large mineralised footprint near Mt Isa
  • High values, up to 2.9%, for copper mineralisation and encouraging cobalt occurrences up to 2,400ppm
  • The project is close to supporting infrastructure, ready access to skilled labour and third party processors amenable to off-take arrangements

(click here for more information on this project)

 

NSW

BROKEN HILL PROJECT

Key Points:

  • The Broken Hill Project is prospective for cobalt-zinc-lead-copper mineralisation
  • Distinct comparative advantages relative to peers in the region include full mining rights and 100%-tenure ownership
  • Recent field trips have concentrated on the “Area 1” prospect which delivered assay results that confirmed cobalt mineralisation up to 291ppm Co at surface within the Himalaya Formation
  • There is mineralisation potential south of “Area 1” for zinc-lead-copper judging by solid historic assays up to 5,300ppm Zn; 12,800ppm, Pb; 2,900ppm Cu
  • CCZ’s geology team is continuing to compile data to formulate inaugural drilling campaign

(click here for more information on this project)


LUMWANA NORTH & SOUTH PROJECTS+

Located north of the traditional “Copperbelt” region, the geological structure underlying the Lumwana N&S projects is known as the Mombezhi Dome, one of several in the “Domes” region in north-west Zambia which is where several large-scale copper occurrences exist. 

Notably, Canadian giant Barrick Gold’s (NYSE: GOLD) Lumwana project is within a circa 50km radius of the tenements in the Mombezhi Dome. According to the 2018 Annual Report, the Lumwana project produced 224m pounds (~101,600t) of copper (generating revenues of US$502m) and has NI43-101 Proven & Probable Reserves at 375Mt @ 0.6% Cu.  

Furthermore, demonstrating the potential scale across the “Domes” region in north-west Zambia is First Quantum Minerals’s two giant copper mines, Sentinel and Kansanshi, which are within a 100-200km radius of the Lumwana N&S projects.  They produced ~475,000t of copper in 2018, generating ~US$2.9bn in revenues.

(click here for more information on Zambia projects)


Last updated 3rd December 2019

ROB SCOTT
CHAIRMAN

Long-term Board member of several groups and, since 2010, Sandfire Resources where he has overseen the commercialisation of the world-class, high-grade Degrussa Copper-Gold Mine in Western Australia. A chartered accountant with >35 years’ experience as a corporate advisor at major accounting firms, fellow of the Institute of Chartered Accountants, memberships with Taxation Institute of Australia and Australian Institute of Company Directors.


SIMON PAULL
MANAGING DIRECTOR

Experienced finance & operational executive with >25 years’ experience in the resources / mining services industry mostly in Africa. Former MD for Sandvik’s East African operations overseeing nine countries and CEO for Falck Australia’s platform. Memberships with the Institute of Public Accountants & Australian Institute of Directors with MComm & MBA from the University of New England.


GERRARD HALL
NON-EXECUTIVE DIRECTOR

Senior front office finance professional with a strong grounding in proprietary trading, derivatives structuring and asset management gained from working with blue-chip investment banks including JP Morgan and UBS over the past 20 years. Currently, based in London but spent nearly a decade in the Middle East. Holds an MBA and MSc in Financial Management from Edinburgh Business School.


PETER SMITH
NON-EXECUTIVE DIRECTOR

A geophysicist with 30 years base metal mineral exploration experience across Africa, Australia, Americas & Asia. Previously worked for Normandy, Pasminco and BHP Billiton on projects from exploration through to production. A qualified CP with memberships at the Australian Society of Exploration Geophysicists & Australian Institute of Geoscientists. Holds a Bachelor of Science from the University of Sydney.


Last updated 3rd December 2019

Level 26, 140 St Georges Terrace
Perth WA 6000
Australia

PO Box 5457
Perth WA 6831
Australia

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

E-mail: [email protected]