logo-loader
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: 0.018 AUD

ASX:CCZ
Market: ASX
Market Cap: $12.18 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

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