Castillo Copper Limited Board Changes (1772O)

TIDMCCZ

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                               [phone] 
Dr Dennis Jensen (Australia), Managing Director 
 Gerrard Hall (UK), Chairman 
 
SI Capital Limited (Financial Adviser and Corporate 
 Broker)                                              [phone] 
Nick Emerson 
 
Gracechurch Group (Financial PR)                      [phone] 
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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January 30, 2023 02:00 ET (07:00 GMT)