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Castillo Copper adds exploration experience to board with Matt Bull appointment

The experienced, Perth-based geologist has been appointed as a non-executive director, replacing Peter Smith.

Castillo Copper Ltd - Castillo Copper adds exploration experience to board with Matt Bull appointment
CCZ aims to become a mid-tier copper producer

Castillo Copper Ltd (ASX:CCZ) has strengthened its board with exploration experience as it advances a three-pillar strategy with the aim of becoming a mid-tier copper producer.

Perth-based Matt Bull has been appointed as a non-executive director with effect from December 31, 2019.

Experienced geologist

Bull is an experienced geologist responsible for managing numerous exploration projects in remote locations in Australia and Sub-Saharan Africa, which includes running multi-rig drilling programs with large support teams.

CCZ’s managing director Simon Paull said the board was delighted Matt Bull had agreed to join the board.

“Wealth of experience”

“He brings a wealth of relevant exploration and corporate experience from Africa, Australia and the UK which will be critical as we progress developing the three strategic copper pillars.”

The main commodity groups Bull has worked on comprise graphite, bauxite, gold, iron ore, copper and coal.

In addition, he represents the vendor group which sourced the Zambia assets that forms CCZ’s critical third strategic copper pillar.

During his career, Bull has worked on greenfield exploration and resource development programs for Rio Tinto, Golden West, Volt Resources and Linden Resources in Australia and Sub-Saharan Africa, especially Tanzania, DRC and Zambia.

Notable discoveries

He was part of the team that made notable discoveries including the Mahenge Liandu Graphite deposit (Armadale Capital PLC AIM:ACP); Banyu Graphite Deposit (Volt Resources Ltd ASX:VRC); Wiluna West Iron Ore deposit (GRW Group Ltd ASX:GWR); and International Coal’s thermal coal project in Queensland.

Bull said: “It’s an honour to be joining CCZ at a significant inflection point, as the board embarks on a major transformative journey to evolve into a mid-tier copper group and seek a dual listing on the London Stock Exchange.

“CCZ’s three strategic copper pillars are high-quality prospective assets and I’m very excited to be tasked with developing and managing the forward exploration program.”

Bull has significant experience working with ASX-listed junior explorers and is on the boards of Paterson Resources and Lindian Resources Ltd (ASX:LIN), while previously he was with Volt Resources for several years.

In addition, Bull is the technical director and exploration manager for London-based Armadale Capital, focusing on its African projects.

Remaining as a consultant

Bull replaces Peter Smith who has provided his resignation from the board, effective December 31, but will remain with Castillo as a consultant.

Paull said: “As CCZ’s forward transformative agenda is highly ambitious across two continents, we look forward to leveraging Matt’s knowledge and skill set moving forward.

“At the same time, the board would like the thank Peter Smith for his board contributions and look forward to continuing to work with him as Castillo’s consulting geologist.”

Alan Armstrong has resigned as chief financial officer but will also remain with Castillo as a consultant.

Quick facts: Castillo Copper Ltd

Price: 0.022 AUD

ASX:CCZ
Market: ASX
Market Cap: $17.07 m
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