The $5,269 purchase increases his overall holding in the company to 1.405 million shares.
The chairman’s purchase follows the recent purchase by fellow board member Gerrard Hall who acquired 1.8 million shares at a value of $23,400, increasing his holding to 4.3 million shares.
Notably, the company’s four board members also recently agreed to reduce their directors’ fees by 50% as part of a series of measures to preserve cash.
Three pillar copper strategy
Castillo is progressing a three-pillar strategy to build itself into a mid-tier copper company.
The Cangai Copper Mine in NSW represents Pillar I, the Mt Oxide Project in QLD represents Pillar II and the exploration projects in Zambia represent Pillar III.