Castillo Copper talks Big One pit optimisation study | News Direct

Castillo Copper talks Big One pit optimisation study

Castillo Copper Ltd
News release by Castillo Copper Ltd

facebook icon linkedin icon twitter icon pinterest icon email icon Melbourne, Victoria | July 14, 2023 12:35 PM Eastern Daylight Time

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.”



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Proactive Investors


Jonathan Jackson


+61 413 713 744

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