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Castillo build Battery Metal board

30 January 2023 10:59
ASX: CCZ

Castillo Copper continue to lay out an exciting year ahead of them, having added experienced field geologist David Drakeley and corporate strategist Jack Sedgwick to the company’s board.

With Castillo focused on developing rare earth elements at the Broken Hill Project’s East Zone and identifying drill targets at several prospects at its copper project in Queensland, new additions increase and diversify the board’s skillset as it works to align with strategic partners.

The company said it is delighted to welcome the pair to the board at such an opportune time in the base and specialty metals cycle with a future-facing metal focused portfolio including Copper, Cobalt and Rare earth elements set to explode into the new year as demand for EV’s and alternate energy technology grows.

David Drakely has been with the company for some time as a field geologist for CCZ’s exciting drilling campaign across Broken Hill and Queensland and with his elevation to the board, will now oversee the designing and implementation on all future exploratory works across the Castillo portfolio.

“In elevating David to the Board, we look forward to his ongoing work in the field where he has made a significant contribution to our exploration campaigns in the Broken Hill and Mt Isa regions,” chairman Ged Hall said.

A hands-on corporate strategist and business improvement specialist, Jack Sedgwick will bring his clue-chip experience across the mining and energy sectors, including work at Rio Tinto’s iron ore expansion project, to oversee portfolio optimisation for Castillo as well as the group’s finances.

“Recruiting Jack to the Board will enable his skill set to be leveraged to optimise the current portfolio and refine the corporate strategy to ensure shareholder value is maximised,” Hall said.

“Finally, the Board would like to thank Geoff Reed for his invaluable contributions during his tenure.”

CCZ’s Australian Stock Exchange-listed price was trading at 1.6c today (10.49 am UTC+8 hours).

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