Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Suggest you check with your platform/broker. 7% higher?
https://www2.asx.com.au/markets/company/ccz
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “Recent gyrations in global commodity markets have further galvanised the Board’s resolve to create value for shareholders via developing the core copper-cobalt projects. Moreover, having signed an option agreement with Hyperion Copper to sell the Zambia assets, the Board’s focus is now steadfast on advancing the Australian projects which all have Mineral Resource Estimates.”
Frustrating indeed, these were trading at nearly 5p last year.
On the top risers board, fingers crossed for some good news soon
https://wcsecure.weblink.com.au/pdf/CCZ/02551118.pdf
But still no news on Big One. Very frustrating.
Government support for rare earths/strategic metals?
Probably if solid results copper gold are good, they change there policy. That much spin the tories might employ him
It reads to me like we have good grades of copper and gold but we're not going after them, we want cobalt.
"However, the Board’s current prime focus is to increase the confidence in the inferred cobalt resource with a highly targeted drilling campaign across several prospects, with planning to be finalised shortly.”
Does this mean there is already confidence in the gold and copper and if so then why aren't we mining them and generating revenue? Or are we just not focused on them (or even making money) at all so that we can drill yet more holes in pursuit of cobalt.
Do we just like drilling holes?
2.
Drilling campaign to increase MRE confidence
To improve confidence in the current global MRE – 21,556t cobalt (64Mt @ 318 ppm Co) and 44,260t
copper (63Mt @ 0.07% Cu)2 – and potentially extend known mineralisation, CCZ will soon undertake an inaugural drilling campaign across several prospects within the BHA Project’s East Zone.
The geology team are close to finalising optimal cobalt targets and subject to Board approval, will
then file an application with the NSW Resources Regulator to implement the drilling campaign.
Previous field trips and land-holder meetings have already formalised approvals and enabled access routes to be mapped out.
The Board of Castillo Copper Limited authorised the release of this announcement to the ASX.
1.
Metallurgical test-work on BH1 drill-core extracted from The Sisters Prospect1 – BHA Project’s East Zone (Appendix A) – delivered excellent beneficiation results for cobalt and, surprisingly, copper-gold (Appendix B) – with the best outcomes:
? Cobalt: 200ppm head-grade up to 2,500ppm post-test-work; 12x upgrade
? Copper: 520ppm head-grade up to 16,000ppm (1.6%) post-test-work; 30x upgrade
? Gold: 0.02g/t Au head-grade up to 3.87g/t Au post-test-work; >190x upgrade
o Pleasingly, the metallurgical test-work showed that cobalt-copper-gold liberated
easily from BH1 drill-core samples to produce a potentially viable concentrate
o Moving forward, the Board’s primary focus for the East Zone is to increase the
confidence in the current inferred Mineral Resource Estimate (MRE) which stands at
21,556t cobalt (64Mt @ 318 ppm Co) and 44,260t copper (63Mt @ 0.07% Cu)2
o As such, the geology team are close to finalising optimal cobalt targets across
several prospects for the inaugural drilling campaign, which will be implemented
once regulatory approvals are secured:
? To date, land-holder approval has been secured and access routes mapped out.
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “The Board was
pleasantly surprised upon learning of the exceptional metallurgical results, especially nearly 4 g/t gold and 1.6% copper which provide new dynamics to follow up. However, the Board’s current prime focus is to increase the confidence in the inferred cobalt resource with a highly targeted drilling campaign across several prospects, with planning to be finalised shortly.”
Compelling metallurgical results
Castillo Copper Limited’s (“CCZ” or “the Company”) Board is pleased to announce that several rounds of preliminary metallurgical test-work on BH1 drill-core (The Sisters Prospect; East Zone –
Appendix A) produced excellent beneficiation results for cobalt-copper-gold – with the best outcomesas follows:
? Cobalt: 200ppm head-grade up to 2,500ppm post-test-work; 12x upgrade
? Copper: 520ppm head-grade up to 16,000ppm (1.6%) post-test-work; 30x upgrade
? Gold: 0.02g/t Au head-grade up to 3.87g/t Au post-test-work; >190x upgrade (Appendix B)
The original BH1 drill-core the samples were extracted from comprised:
24m @ 424ppm Co from 103m including 2m @ 1,120ppm Co from 107m; 1m @ 873ppm Co from 120m; and 2m @ 486ppm Co from 125m
A key feature the metallurgical test-work highlighted was that cobalt-copper-gold liberated easily from the BH1 drill-core samples to produce a potentially viable concentrate (Figure 1).
Rns any thoughts
Moved up higher on Aus,.
Well, we're not on a spike now, are we ddh? Unlike when I bought previously.
Strange RNS. Copper concentrates usually contain around 20-35% copper so I don't really understand what the company is making a big deal about in today's release.
BOOOOOOOOOOM! LOL
Plenty of waffle and pretty pictures, but all I take from this is no one is interested as too small so off we go again with the drill. We were told this was a monster 2 years ago and they were going to apply for a license to mine, still no application but but looking for a processing partner. This lot take us for mugs or what, hopefully no one else gets caught on a spike this lot don’t deserve investor money. Too many assets and no focus or direction.
LOL only CCZ can spin processing ore into concentrate is a 10x upgrade at the Big One!
ATB APR
Arya gets a mention towards the end of page 22 but no real update. Why am I never excited by any of our updates.
https://www2.asx.com.au/markets/company/ccz
Preliminary metallurgical test-work on samples extracted from drill-hole BO_318RC1 at the Big One Deposit – within the NWQ Copper Project in Mt Isa’s copper-belt –produced a concentrate with confirmed upgrades ranging from 5x to 10x for copper metal (Appendix A & B), with the best result:
? Copper: 0.72% head-grade to 7.2% post-test-work (Appendix A & B)
o Further test-work is underway on samples from the Big One Deposit to determine the final optimal results, since this is an important proof of concept and de-risking exercise as part of the Board’s strategic intent to secure a processing agreement
o The Big One Deposit has already been significantly de-risked as the current global
inferred Mineral Resource Estimate (MRE) stands at 21,886t contained copper metal (2.1Mt @ 1.1% Cu2):
? Current forward plans include undertaking a third drilling campaign to extend known mineralisation via focusing on a sizeable known bedrock conductor north of the line of lode and incremental geophysical surveys to identify fresh targets2
o Metallurgical test-work is being undertaken for cobalt on drill-core samples from The Sisters Prospect in Broken Hill – results are due shortly.
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “The Board is delighted with the preliminary metallurgical test-work results, especially with the beneficiation
potentially transforming the ore from the Big One Deposit into a viable copper concentrate.
Moreover, receiving these initial results now is timely as the Board is now ramping up efforts to
secure a processing agreement and clear path to market.”
Ccz board said they are negotiating, with 7 could be partners
Loot- I am in the same price bracket. good to here your views!
My 2p average is looking a long way off. I'd imagine a lot of us bought in on the 'copper is the future' hype that followed the Covid lockdown. The world looks a very different place now as everyone turns bearish on the world economy. I've got a five year time horizon until retirement so plenty of time for a turnaround in sentiment, I have to remind myself of that on days like this.
CCZ still have about AUD$7m (GBP£4m) cash which should take us well into 2023. Just as well because raising cash in the current climate could be difficult. Hyperion intend to IPO later this year! Good luck with that.
Generally I'm still bullish about the future of the company but management need to be better this year, Mt Isa must be the priority with no more distractions chasing the latest 'flavour of the month' metal. They also need to pick up the pace. The entirety of last years' drilling season was taken up at Big One and as a result Arya was a bit of an expensive rush job with nowhere near the drill depth originally planned. A lot of this is down to the previous CEO so I was encouraged to see the BOD act quickly to terminate his contract. Will current management be any better?
We are still waiting for assays from Ayra! Are they are so poor that management now deem them not worth publishing? I notice CCZ play down the importance of the electro-magnetic anomaly in the Strategic Update earlier this month; originally thought to be a copper deposit, now being referred to as a 'graphite discovery'.
Drilling at the Big One still hasn't started as we wait for the drilling season to begin. Interestingly, drilling began in mid-June last year so news can't be far off. I'm still hopeful on Big One but whereas last year it looked like one od several irons in the fire, now it looks like a 'must win'.
Well, at least dv you get your money back. Mammman, land at least worth something.