CPS Capital Research Report – Castillo Copper (ASX:CCZ)

CCZ is an emerging Cu-Co-Zn-Ni explorer with four highly prospective projects across NSW/QLD. The maiden JORC compliant Inferred Resource was 3.2Mt @ 3.35% Cu for the historic Cangai Copper Mine: it contains supergene ore up to 35% Cu / 10% Zn in unmined working sections which delivers re-opening potential. Management’s strategic intent is to define four JORC compliant resources across the project groups. With an experienced executive team and differentiated low-capex business plan, which allows CCZ to expedite ore to market, we initiate coverage with a Speculative BUY.