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Castillo conquer challenging Arya

6 December 2021 08:23
ASX: CCZ

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).

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