Castillo Copper talks Big One pit optimisation study
July 14, 2023 at 12:36 pm
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Castillo Copper Ltd (ASX:CCZ) managing director Dennis Jensen joins Proactive to provide the outlook on a pit optimisation study for the Big One copper deposit in Queensland.
The Entech Group study has delivered an A$28 million net present value and boosts confidence in the viability of a standalone mining operation, with scope to build on the early-stage findings and advance a mining license once CCZ brings a strategic development partner on board.
Big-picture, Jensen says an initially optimised pit shell at Big One could potentially deliver up to 6,266 tonnes of copper, 4,362 ounces of silver and 1,469 tonnes of cobalt.
Speaking to the market on Thursday, Castillo chair Ged Hall said: “The board is delighted with the findings from Entech’s preliminary pit optimisation study, as it provides significant confidence a standalone mining operation can potentially be developed at Big One deposit.
“More importantly, the board believes the study’s insights will be key to securing a strategic partner to progress critical development work moving forward.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Castillo Copper Limited is an Australia-based copper-focused exploration company with projects across Australia and Zambia. The Company's projects include Northwest Queensland (NWQ) Copper, Zambia, Broken Hill and Cangai. The NWQ Copper Project is located approximately 140 kilometers (kms) north of Mount Isa in north-west Queensland. The Project comprises five mineral leases, covering a total area of approximately 977 square kilometers (km2). Its Zambia Projects include Mkushi, Luanshya, North and South Lumwana and Mwansa, which cover around 1,100 km2 in Zambia's renowned copper-belt. The Broken Hill Project consists of around two tenements covering approximately 684.3 km2, prospective for cobalt-zinc. The Broken Hill East Project area is located approximately 15kms east of Broken Hill in western New South Wales. The Cangai Copper Mine Project area is located approximately 40kms west of Grafton, in north-east New South Wales.