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Castillo Copper directors show faith in the company by purchasing shares on market

The company is progressing exploration programs at its three pillars - Cangai Copper Mine in NSW, Mt Oxide project in Queensland and the Zambian projects.

Castillo Copper Ltd - Castillo Copper directors show faith in the company by purchasing shares on maarket
CCZ intends to dual list on the LSE

Castillo Copper Ltd (ASX:CCZ) directors have demonstrated their faith in the company's strategy by purchasing shares on market.

Three directors have increased their holding in the company via the purchase of more than 1.45 million shares.

Castillo is advancing a three-pillar strategy to become a mid-tier copper producer.

  • Pillar I – Cangai Copper Mine: Plans are in place to advance this project through to bankable feasibility study;
  • Pillar II – Mt Oxide project: Located in the Mt Isa copperbelt with three priority targets including a sizeable massive sulphide conductor, historic deposit and mine; and
  • Pillar III – Zambia: Four highly prospective assets across the copperbelt which include priority Mkushi and Luanshya projects that are near operating copper mines.

Quick facts: Castillo Copper Ltd

Price: 0.017 AUD

ASX:CCZ
Market: ASX
Market Cap: $11.5 m
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Full interview: Castillo Copper hails geological similarities of its Zambia...

Castillo Copper Ltd's (ASX:CCZ) managing director Simon Paull speaks to Proactive London's Andrew Scott soon after the second independent geological review on its Zambian projects confirmed the Luanshya project has comparable underlying geology to neighbouring operating copper mines and...

on 10/9/19

2 min read