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CCZ bullseye’s the Big One

30 November 2021
ASX: CCZ
Jack Baker

Castillo Copper sent its chief geological consultant to its Big One site, part of the company’s NWQ project in northern Queensland. The findings compelled prompt modelling of the extensive JORC compliant copper resource as its primary objective.  

Given the number of fascinating projects in the copper and lithium explorer’s portfolio, its top geologist must have found something quite spicy at the Big One to drive the onus on its strategic priority.   

With its commodities becoming increasingly valuable in the push to a low-carbon future, the company’s holdings look increasingly lucrative.   

Drilling continues at the Arya prospect while thoroughly assessing the ElDorado target’s potential, and the explorer remains exceptionally positive on the prospectivity of its Litchfield and Picasso lithium projects.  

The company said its activities had surmised clear objectives to move forward, with the Big One on top.  

“Following a visit to the project by CCZ’s chief geological consultant, which yielded fresh perspectives…the case for the Big One deposit remains compelling given the drilling campaigns to date have intersected significant copper mineralisation,” managing director Simon Paull said.  

Outside of its Australian operations, CCZ holds further copper projects in Zambia, where it is completing an IP survey of the Mkushi project and inaugural drilling for the Luanshya deposit. 

CCZ’s Australian Stock Exchange-listed price was trading at 3.5c (8:30 am UTC+8) 

COMPANY OVERVIEW

Castillo Copper is an Australian-based explorer primarily focused on copper across Australia and Zambia. We are embarking on a strategic transformation into a mid-tier copper group underpinned by our four high-quality assets: NWQ Copper: New discovery at the Big One Deposit within the Mt Isa copper-belt district of Queensland, with a further nine high-grade targets including the Arya Prospect Zambia – Zed Projects: Four high-quality prospective assets across Zambia’s copper-belt – the second largest copper producer in Africa Broken Hill: A large tenure footprint proximal to the world-class Broken Hill silver-zinc-lead deposit Cangai: One of Australia’s highest grading historic copper mines with a JORC compliant resource (3.2Mt @ 3.3%), up to 14.45% Cu and significant upside potential Castillo Copper is dual listed on the Australian Stock Exchange and London Stock Exchange under the ticker “CCZ”.

COMPANY INFORMATION

ASX: CCZ

Website

https://castillocopper.com/
https://www2.asx.com.au/markets/company/ccz

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