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Castillo conquer challenging Arya

6 December 2021
ASX: CCZ
Jack Baker

Initial drilling at the massive Arya prospect in northwest Queensland has been completed, and Castillo’s board waits expectantly to confirm the site’s incredible potential.

The construction metal has found renewed interest from commodity traders given it is essential in the construction of renewable technologies crucial in a global push towards low carbon.

Keeping its eye at home and abroad, the explorer has tabbed several intriguing copper and lithium prospects across Queensland, the Northern Territory, and as far as Zambia.

Of the 22 targets scattered across its Mt Isa tenure, the Arya prospect has easily generated the most intrigue among investors. The rising copper and lithium explorer have eagerly awaited confirmation of its well-founded hopes.

CCZ is confident the results will drive a detailed exploration to begin in the first half of the new year to continue tapping the world-class copper project.

The company said its team had completed a superb drilling job, having navigated demanding conditions, and expects only good news from the flagship site.

“The board is optimistic the geological interpretations will be positive and enthusiastically await assay results,” managing director Simon Paull said.

Castillo expects to receive assays from its Litchfield and Picasso lithium projects shortly, concluding the due diligence process.

CCZ’s Australian Stock Exchange-listed price is trading at 3.2c (7:27 am UTC+8 hours).

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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