- Castillo Copper (CCZ) has entered a binding agreement with Wyloo Metals to acquire two tenements in Broken Hill
- The company will also pay Wyloo $215,000 in cash plus a two per cent net smelter return (NSR) on future mining operations
- Previous work at the West Zone has highlighted the potential to host significant zinc-silver-lead (BHT) mineralisation
- One tenement is prospective for silver-zinc-lead, while the other is prospective for iron-oxide-copper-gold
- Castillo will now begin drilling at the Mt Oxide Project in Queensland and complete in-fill soil sampling at the Mkushi Project in Zambia
- Company shares are down 2.13 per cent and are trading for 4.6 cents each
