REG - Castillo Copper Ltd - Board Changes

Castillo CopperAnnouncement

14/03/2024 07:00

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RNS Number : 7791G  Castillo Copper Limited  14 March 2024

14 March 2024

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 the
appointment of Mr Eduardo Robaina BEng and Mr Joel Logan BSc to the Castillo
Copper Board of Directors. In light of these appointments, the following Board
Changes are effective today:

 

Changes effective

 

·    Mr Eduardo Robaina BEng will assume the role of Non-Executive
Director.

·    Mr Joel Logan BSc will assume the role of Non-Executive Director.

·   Mr Jack Sedgwick BEng BCom MBA (Distinction) GAICD steps down from his
role as Non-Executive Director.

·    Mr David Drakeley steps down from his role as Non-Executive Director.

 

 

Eduardo Robaina is an accomplished Managing Director and Engineering
Consultant with an executive and technical skillset that will greatly
complement that of the Castillo Copper Board. Possessing over two decades of
experience working in the resources sector, spanning both technical and
leadership positions at foremost businesses - including the likes of Woodside,
Mineral Resources, Santos and most recently Add Energy (part of ABL Group) -
Mr Robaina brings an all encompassing understanding of business operations.

 

In his most recent position as Managing Director at Add Energy, Mr Robaina was
responsible for overseeing the business operating model, which saw the Company
achieve significant financial growth over a 4-year period. He was an active
member in Add Energy's Executive team during its 2022/23 acquisition and
integration into ABL Group.

 

Joel Logan is an Exploration Geologist with an impressive breadth of work
experience in exploration, development and producing assets. These operations
have hosted a variety of resources such as copper, uranium, gold, lithium,
nickel, cobalt and PGEs. Over the course of his professional career, Mr Logan
has developed strong theoretical and practical skills, enabling the delivery
of geoscientific outcomes to notable Companies and operations, including the
likes of BHP's Olympic Dam Project and Azure Minerals Ltd's Andover Project.

 

Mr Logan's role at Azure Minerals saw him design and execute exploration and
drill hole strategies, in addition to resource development of highly
mineralised LCT pegmatities. This experience in driving early-stage activity
will be invaluable to furthering Castillo Copper's asset development strategy.

 

Ged Hall, Chairman of Castillo Copper, said: "I would like to personally thank
Jack and David for stepping up to assist in guiding the Company's
reinvigorated development strategy in recent months.

 

"No doubt we find ourselves facing a challenging market at present, however
with core assets identified - as well as a commitment to advance development
at these operations with targeted exploration activity - the Company is
well-equipped to forge ahead. Castillo Copper wishes Jack and David all the
best in their future endeavours.

 

"To bolster our developmental efforts in 2024 and beyond, we are incredibly
excited to welcome aboard Eduardo and Joel to the Castillo Copper Board. Each
possessing a unique calibre of experience, the Company looks forward to
maximising Company value with the adage of their joint expertise."

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 Mr
Eduardo Robaina and Mr Joel Logan.

 

 

For further information, please contact:

 

 Castillo Copper Limited                                             +61 8 6558 0886 
 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, 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".

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