viewCastillo Copper Ltd

Castillo Copper directors continue on-market buying in support of copper strategy

The company is advancing a three-pillar strategy with the aim of becoming a mid-tier copper producer.

Castillo Copper Ltd - Castillo Copper directors continue on-market buying in support of copper strategy
Directors have made a series of on-market purchases this month

Castillo Copper Ltd (ASX:CCZ) directors continue to show their faith in the company’s strategy to become a mid-tier copper producer by purchasing shares on-market.

Adding to their holdings in the most recent purchases have been managing director Simon Paull and non-executive director Gerrard Hall.

On November 19 Paull acquired a further 700,000 shares in an on-market transaction valued at $14,000.

He now holds 1 million shares in an indirect interest.

On November 20 Hall acquired a further 500,000 shares in an on-market transaction valued at $10,500 and now holds 2.5 million shares in a direct interest.

Other recent purchases

These purchases come hot on the heels of other on-market transactions.

On November 18, Hall acquired 1 million shares in a transaction valued at $19,842 while earlier in the day November 19 Paull purchased 300,000 shares valued at almost $3,000.

Chairman Rob Scott purchased 154,253 shares on November 19 valued at almost $3,000 which took his overall holding to 1 million in an indirect interest.

Three-pillar strategy

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: 0.04 AUD

Market: ASX
Market Cap: $40.4 m

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