Castillo Copper
Primary ticker: ASX:CCZ
Stage of development: Exploration
Primary minerals: Copper, Uranium
Project to promote: Cangai, Broken Hill, NWQ Copper Project, Mkushi
Project location: Australia, Zambia
Website: castillocopper.com
Castillo Copper Limited is an Australian-based, Australian-focussed copper exploration Company with a strategy to develop multi-commodity assets that demonstrate future potential as an economic mining operation.
Through the application of disciplined and structured exploration and analysis, Castillo Copper has identified assets deemed core to the Company’s sustained growth and is actively progressing these interests up the value curve.
Current focus will be on advancing exploration activity at the Company’s wholly owned NWQ Project, situated in the copper-belt district approximately 150km north of Mt Isa in north-west Queensland.
Other interests include the Broken Hill Project in western New South Wales and the Cangai Copper Mine in north-east New South Wales, as well as exploration targets in Zambia.
Castillo Copper is listed on the LSE and ASX under the ticker “CCZ”.
Cash: AUD1.3M
Debt: Nil
Major shareholders:
COMPUTERSHARE CLEARING PTY LTD <CCNL DI A/C> – 12.89%
MR JOHN MCDONALD & MR SHAUN MCDONALD <SOUTHLAND SNIPE SF A/C> – 6.96%
REBECCA BRADLEY & MR BRADLEY JOHN KENNEY – 2.31%
SUNSET CAPITAL MANAGEMENT PTY LTD <SUNSET SUPERFUND A/C> – 2.00%
BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT DRP> – 1.88%
Management ownership – 0.619% – newly appointed directors are yet to be issued shares.
Financials
Management Profile
Gerrard (Ged) Hall – Chairman
Ged is a senior front office finance and investment professional. From more than 20 years working with blue-chip investment banks including JP Morgan and UBS, Ged has a strong grounding in proprietary trading, derivatives structuring and asset management.
Based in London, Ged is responsible for relations with UK-based investors. He holds an MBA and MSc in Financial Management from Edinburgh Business School, and previously spent nearly a decade in the Middle East.
Joel Logan – Non Executive Director
As a young, highly motivated mining and exploration geologist, Joel brings to Castillo Copper his extensive geological expertise and a keen interest in both the corporate and economic aspects of mining operations. Joel has worked across a variety of deposits and regions throughout Australia, including Olympic Dam’s IOCG-U-Ag-REE deposit, orogenic gold in the Pine Creek orogen, battery metal and PGE exploration in the Goldfields-Esperance region, and LCT pegmatites in the Pilbara.
Joel has worked for BHP and Azure Minerals among others, gaining extensive experience in underground mapping, drill hole design, grade control, sampling QAQC, as well as geological and geotechnical core logging. He holds a Bachelor of Science (Applied Geology and Geophysics) from the University of Adelaide and a Graduate Diploma (Mineral Exploration Geoscience) from Curtin University.
What is your rationale for taking part in 121 Mining Investment?
Quite simply – market awareness and support.
What recent news would you like to highlight to investors attending?
There are exciting IP anomalies within Castillo’s tenure within the copper-belt in NW Queensland. Currently there are 20 high-grade targets. Our primary focus is undertaking more detailed exploration of the Big One deposit; which is a proven copper-bearing deposit and has been known to carry grade since 1970. In 1997, ~4,400t of supergene ore was mined with an average achieved grade of ~3.5% Cu.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Identify further key copper targets in the copper-belt district. Expand geological understanding of the Big One deposit and adjacent prospective anomalies. Increase investor awareness of prospects.
6 Months:
Undertake resource definition of proven economic copper-bearing anomalies. Begin discussions with development partners.
12 Months:
Considering that much of the mineralisation is shallow supergene copper. It’s likely discussions will commence with plant operators concerning processing and other relevant matters.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Like all junior explorers, we need to insure that we have the required funds to keep expanding our JORC resources. We are fortunate that we have a number supporting shareholders and brokers that remain committed to this process.
What do you think makes your company such a compelling investment?
Our leadership team have experience across various backgrounds including geology, engineering, and finance. We are equipped to deal with issues, as well as capitalise on opportunities based on our diverse skillsets.
We have a focus on acquiring assets in proven mining districts; as well as a focus on pivotal commodities for the future – mainly copper and uranium.
What are the top 3 key investor takeaways?
– Castillo’s assets are in proven world-class mining regions.
– Focused on green metals, mainly copper, and uranium for the nuclear-energy revolution.
– An experienced team with diverse skillsets to optimise investor value.