logo-loader
viewCastillo Copper Ltd

Castillo Copper plans site visits to Mt Oxide as it progresses London dual-listing

An independent geology report will be produced as part of the planned LSE dual listing.

Castillo Copper Ltd - Castillo Copper plans site visits to Mt Oxide as it progresses London dual-listing
Mt Oxide is pillar two in the company’s three pillar copper strategy

Castillo Copper Ltd’s (ASX:CCZ) geology team has planned several site visits this year to its Mt Oxide Copper Project located 150 kilometres north of Mt Isa in northwest Queensland.

In addition, a team from SRK Consulting will be undertaking a field trip as part of the requirements for a London Stock Exchange listing.

Castillo aims to develop a copper mining operation at Mt Oxide, which is in an area that hosts a number of historical and operating copper mines.

Arya the priority drill target

An aero electromagnetic survey has identified the Arya Prospect, which is the Mt Oxide Project’s top target.

The electromagnetics suggest a possible copper sulphide orebody and this is supported by rock chips grading up to 1.84% copper located updip from the site.

BHP (ASX:BHP) originally discovered the bedrock conductor in 1997 and recommended follow up drilling after a first pass ground electromagnetic survey but this never materialised.

The upcoming field trips will be used to conduct pre-drilling exploration including mapping, soil and rock chip geochemistry and additional surveys to formulate the maiden drill program.

While Arya is the highest priority target it is not the only target, over 5,000 surface samples have been collected from the project with multiple anomalous copper-cobalt samples across the project.

Mine reopening gives region vote of confidence

In April 2017, the nearby Capricorn Copper Mine was reopened after a 4-year hiatus.

Notably, it is one of the largest copper development projects completed in Australia during the last decade.

It plans to generate 30,000 tonnes per annum of metal concentrate over a 10-year mine life and the first sale and shipment was booked in February 2018.

The largescale mine’s successful reopening is a vote of confidence in the region and supports Castillo’s objective at the Mt Oxide project to develop a copper mine.

Quick facts: Castillo Copper Ltd

Price: 0.018 AUD

ASX:CCZ
Market: ASX
Market Cap: $14.85 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Castillo Copper Ltd named herein, including the promotion by the Company of Castillo Copper Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Castillo Copper's Ged Hall updates on key assets and progress on London dual...

Ged Hall works with London stockbroker SI Capital and is also a non-exec director at Castillo Copper Ltd's (ASX:CCZ). He discusses how the two came to work together as well as updates on what Castillo's doing as far as the Mt Oxide project in Queensland, Australia. 

1 week, 1 day ago

2 min read