REG - Castillo Copper Ltd - Board Changes

Castillo CopperAnnouncement

30/01/2023 07:00

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RNS Number : 1772O  Castillo Copper Limited  30 January 2023

 

 

30 January 2023

 

 

CASTILLO COPPER LIMITED

 

("Castillo" or the "Company")

 

Board Changes

 

Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily
focused on copper across Australia and Zambia, is pleased to announce that it
has made two new additions to the Board, Mr David Drakeley and Mr Jack
Sedgwick, who will be joining as Non-Executive Directors with effect from 30
January 2023.

 

HIGHLIGHTS:

 

·    Mr David Drakeley BSc (Hons), an experienced field geologist who has
worked as point on Castillo's drilling campaigns in Broken Hill and
Queensland, will oversee designing and implementing all future exploratory
work across the Company's portfolio.

 

·    Mr Jack Sedgwick BEng BCom MBA (Distinction) GAICD, a hands-on
corporate strategist / business improvement specialist with blue-chip
experience across the mining / energy sectors (including working on Rio
Tinto's iron ore expansion projects), will oversee portfolio optimisation and
the Company's finances.

 

These new appointments, which follow the departure of Mr Geoff Reed to pursue
a new opportunity, increase the Board's skill-set diversity at an opportune
time in the base / specialty metals cycle. Notably, the Board is focused on
developing the rare earth elements potential within the BHA Project's East
Zone and identifying viable targets to drill-test at several prospects within
the NWQ Copper Project. Concurrently, the Board is looking to align with
strategic partners, where practical, to facilitate value creation.

 

Ged Hall, Chairman of Castillo Copper, commented: "The group is delighted to
welcome David Drakeley and Jack Sedgwick to the Board at an opportune time in
the base and specialty metals cycle. 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. Recruiting Jack to the Board will enable his skill set to be
leveraged to optimise the current portfolio and re-fine the corporate strategy
to ensure shareholder value is maximised. Finally, the Board would like to
thank Geoff Reed for his invaluable contributions during his tenure."

 

Castillo confirms that there is no further information to be disclosed under
the requirements of Listing Rule 9.6.13 in relation to the appointments of
David Drakeley and Jack Sedgwick.

 

 

 

 

For further information, please contact:

 

 Castillo Copper Limited                                             +61 8 6558 0886 
 Dr Dennis Jensen (Australia), Managing Director                      

 Gerrard Hall (UK), Chairman 
                                                                      
 SI Capital Limited (Financial Adviser and Corporate Broker)         +44 (0)1483 413500 
 Nick Emerson                                                          
                                                                       
 Gracechurch Group (Financial PR)                                    +44 (0)20 4582 3500
 Harry Chathli, Alexis Gore, Henry Gamble                             

 

About Castillo Copper

 

Castillo Copper Limited is an Australian-based explorer primarily focused on
copper across Australia and Zambia. The group is embarking on a strategic
transformation to morph into a mid-tier copper group underpinned by its core
projects: 

 

·    A large footprint in the Mt Isa copper-belt district, north-west
Queensland, which delivers significant exploration upside through having
several high-grade targets and a sizeable untested anomaly within its
boundaries in a copper-rich region. 

·    Four high-quality prospective assets across Zambia's copper-belt
which is the second largest copper producer in Africa. 

·    A large tenure footprint proximal to Broken Hill's world-class
deposit that is prospective for zinc-silver-lead-copper-gold and platinoids.
 

·    Cangai Copper Mine in northern New South Wales, which is one of
Australia's highest grading historic copper mines. 

 

The group is listed on the LSE and ASX under the ticker "CCZ." 

 

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