Castillo Copper Limited (ASX: CCZ) is an ASX-listed explorer that has assets in eastern Australia and Chile.
The Australian assets, which were acquired outright in mid-2017, comprise six highly prospective copper-cobalt-zinc project areas in New South Wales and Queensland, detailed briefly as follows:
- Jackaderry North and Jackaderry South cobalt projects, which are in the New England Orogen in NSW, are prospective for copper-cobalt;
- Peak Hill and Total minerals projects, are located within a 20km radius of Broken Hill, NSW, are prospective for copper-cobalt-zinc; and
- Big Oxide North and Hill of Grace cobalt projects are in the Mt Isa region, northwest Queensland, and are prospective for copper-cobalt.
Of significance is the historic Cangai Copper Cobalt Mine (within Jackaderry South prospect) as legacy data confirms the presence of supergene ore with up to 35% copper.
The Board is looking to prove up three JORC compliant resources across the Australian project areas then utilise third party processors to fast track product to market via the London Metal Exchange.
The wholly-owned Chilean assets comprise of six exploration concessions across a total area of 1,800 hectares that are well known for high grade copper-gold projects.