Castillo Copper Limited Board Changes (1772O)
30 January 2023 - 6:00PM
UK Regulatory
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 +61 8 6558 0886
Dr Dennis Jensen (Australia), Managing Director
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 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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