FinTechFunding

Castillo Copper: Spends $215k on new tenements

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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