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Highlights
o Diamond core assay results for drill-hole BH1 at The Sisters Prospect1
, within the BHA
Project’s East Zone, confirmed significant cobalt mineralisation, with the best
intercepts:
24m @ 424ppm Co from 103m including 2m @ 1,120ppm Co from 107m; 1m @
873ppm Co from 120m; and 2m @ 486ppm Co from 125m (BH1)
o Pleasingly, the new assays are in line with previously reported results from within the
Defined Target Area1 (Figure 1 & 2)
o With the block model nearing completion, the geology team are targeting finalisation of
the global MRE which will encompass the Fence Gossan, Reef & Tors Tank, Ziggy’s
Hill and now The Sisters Prospect1
o In a surprising development, assays for diamond drill-core from the Iron Blow Prospect
confirmed the presence of Rare Earth Elements (REE), with the best intercept:
8m @ 1,270ppm Total Rare Earth Oxides from 150m (DD90-IB3)
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “Having reviewed
The Sisters Prospect’s assays, the Board is now convinced the underlying cobalt system within
the BHA Project’s East Zone could extend beyond the Defined Target Area. Whilst this will be
the subject of future exploration campaigns, the geology team are aiming to complete the
primary cobalt MRE shortly. In a welcome left field development, diamond core assays from
the Iron Blow Prospect highlight significant REE mineralisation was intersected which further
bolsters the BHA Project’s exploration potential.”
Next steps
In NSW:
? Primary cobalt MRE for the BHA Project East Zone.
In Queensland:
? Assay results for Arya Prospect.
? Big One Deposit – formalising timing for next drilling campaign.
In Zambia:
? Identifying a strategic partner to develop the Luanshya & Mkushi Projects.
Big one, the huge one, the company making one, the one we urgently need to get a mining license for.
Still not applied for and likely to take 3+ years, Arya as I mentioned deep concrete with sprinkles in. Cangai listed with this as best prospect not touched, BHA project failed IPO and no JV but don’t worry it’s worth a fortune in cobalt, so why did we fail to find a JV partner, and lastly what we were told was an amazing lithium opportunity we couldn’t hold onto, and low and behold a private company more for. Ummmm for me the clues to this companies prospects are plain to see, worth the money in the bank and little more. GLALTH
Morning All. Looking forward to reading comments on the RNS. All sounds positive but it would be useful to hear from the specialists on this board. Also I couldn't see anything on Arya - or am I missing something?
With sprinkles of minerals, polish it up for worktops maybe.
It was the 17th November last year, over 5 months ago, and we are still waiting on assay results from Arya. I understand lab work is taking longer due to Covid delays but even at the height of the pandemic, assay results were taking no longer than 4 months. At one point Arya was the flagship project, with talk of a huge electromagnetic anomaly and the potential to propel the company to mid-tier miner status.
November’s RNS was ambiguous to say the least, it appeared the anomaly may just be a giant lump of graphite, although portable XRF readings did detect 1 - 3% base metal sulphides and the company stated “All samples have been sent to the laboratory for further analysis, with a specific request to test for all base / speciality metals” and went on the say “A comprehensive update will be released once the assays are returned and the geology team interprets all pertinent fundamentals”.
Since then we have heard nothing! So what’s the story? Is it really taking the laboratory this long to release results? Is Arya no longer a priority? Or have the results been so disappointing that Arya is now mothballed? Whatever the reason, investors have a right to know. Drilling at Arya was eye-wateringly expensive , the cost/reward profile of Arya affects, to a significant degree, the investment case for this company. It is concerning that we have heard very little an update would be welcome.
CCZ firing up!! Assays results are due shortly!!
https://twitter.com/castillocopper/status/1516751654753820677?s=24&t=-RnH3LKNCCEieuZheUhwXw
Up tick getting more realistic
https://twitter.com/themarketbullau/status/1514109675087831048?s=24&t=H2ZnuJfWgNn9qx6Ni0nZgw
Update from ceo on potential from assays on Cobalt at Broken Hill.
https://twitter.com/castillocopper/status/1514008138886053888?s=24&t=nBpeFslM5Zqg8OedJkLBWg
I'm beginning to think that this type of small cap is just not on many radars so it needs a share tipper to start things off. Good fundamentals are a start but if you are invisible nobody cares.
I'm in Kefi and that was a similar drift downwards waiting for news. Nothing really major happened on the news front but a share tipper got involved and all is followers have pushed it up almost 60% in a week.
Winnifrith was following both of these but has dumped CCZ which hasn't helped.
We really need those assay results and for them to be good.
GLA
Is this the bottom and steady growth, from now on.
Big swing no rns
Good article on CCZ neighbour COB, worth a read. CCZ is the leverage play imho. https://www.fool.com.au/2022/04/05/why-has-the-cobalt-blue-asxcob-share-price-surged-79-in-a-month/
http://irservices.netbuilder.com/ir/cadence/newsArticle.php?ST=REM&id=311428221695889680
Just in case any of you were wondering what happened the LT/LS Lithium assets ( https://www.lse.co.uk/rns/CCZ/update-on-bha-project-and-lithium-assets-9tq3lo97ws26k2u.html ).
Cadence has struck a new deal whereby the consideration for LT and LS is up to A$ 21.05 million (£11.82 million). Cadence has 31.5% of LT and LS and would receive up to A$ 6.63 (£3.72 million). The Buyer is a public, unlisted company in Australia.
Yes good update on Zambia but the re rating comes on the primary cobalt resource I think
Love the RNS, they are exactly like another explorer I sm invested with Europa Metals. They like drilling holes to!!
RNS out. Our friends in Aus aren't that fussed about it. It reads to me like "We've found some places where it might be good to drill some holes"
Looking very cheap. So much going on and so much to come.
https://twitter.com/castillocopper/status/1510925105131569152?s=24&t=ZJB5s-sj2s3T1l4NdUHkWg
Just released on the ASX
https://www2.asx.com.au/markets/company/ccz
come on OZ!!
Denis on Cobalt supply shortage.
https://twitter.com/themarketbullau/status/1508937197021712387?s=24&t=HizwoF_3HBKax1h6TkZuzw
https://twitter.com/castillocopper/status/1507928624803901440?s=10&t=WK_DE00dqCrSjS8UtiZldQ
https://twitter.com/castillocopper/status/1506514060350685186?s=24