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Castillo building its core strength

15 August 2022 10:45
ASX: CCZ
Castillo's Cangai copper mine

Castillo Copper have shown its focus on developing core projects and are set on building up confidence in its copper-cobalt mineral estimates across Australia.

Holding resources at Broken Hill, Big One, and Cangai Copper Mine projects — the explorer looks to further develop its combined global totals exceeding 170 thousand tonnes of contained copper and close to 22,000t contained cobalt.

And with enticing drill targets set for Broken Hill, the Big One deposit providing benefication upgrades up tenfold copper, and Cangai featuring on the New South Wales government’s critical mineral list, it looms as an exciting period of exploration.

The company said it was hopeful to gain further insights on the potential for rare earth and gold mineralisation at Broken Hill.

“Recent gyrations in global commodity markets have further galvanized the board’s resolve to create value for shareholders via developing the core copper-cobalt projects,” managing director Dennis Jensen said.

Plans are currently underway to ramp up exploration of Castillo’s holdings with drilling at Broken Hill’s east zone expected to commence later this year.

CCZ’s Australian Stock Exchange-listed share price has risen 6.25 per cent today, selling at 1.7c (10.39 am UTC+ 8 hours).

 

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