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Pin to quick picksCastillo Coppe. Share News (CCZ)

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IN BRIEF: Castillo Copper Considers Divestment For Broken Hill Project

Tue, 19th Jan 2021 20:00

Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Says that following a strategic review of its non-copper focused projects, the board has decided it will consider divestment opportunities for its prime Broken Hill Alliance project in New South Wales, Australia. Says board is currently meeting with its UK corporate advisor, SI Capital, on the best way to move this action forward in a timely manner.

"The BHA project is an excellent asset as it comprises a substantial prospective footprint surrounding the world-famous Broken Hill silver-zinc-lead mine. The board has considered the most effective way to deliver value for shareholders and we are confident that our intent to spin this asset out into a new vehicle will be well received and supported by UK investors," says Director Ged Hall.

Current stock price: 4.0 pence

Year-to-date change: up 95%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
22 Mar 2024 17:11

Castillo Copper completes sale of two Broken Hill exploration licences

(Alliance News) - Castillo Copper Ltd on Friday said it completed the sale of two exploration licences at the Broken Hill project in the Kabwe district of Zambia.

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14 Mar 2024 20:56

EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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11 Jan 2024 14:29

Castillo Copper says Rimfire deal will help prioritise "core" assets

(Alliance News) - Castillo Copper Ltd on Thursday said it had sold two of its Zambian exploration licences to Rimfire Pacific Mining Ltd.

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15 Dec 2023 14:16

IN BRIEF: Castillo Copper director becomes non-executive to trim costs

Castillo Copper - base metal explorer primarily focused on copper across Australia and Zambia - Says Interim Executive Director Jack Sedgwick has transitioned to the role of non-executive director, effective immediately, as streamlining to save annual costs. Says this shows its "commitment to cost efficiency." Sedgwick had originally been appointed as interim executive director in late October after

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15 Nov 2023 15:51

UK shareholder meetings calendar - next 7 days

Thursday 16 November 
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Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
FW ThorpeAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
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Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
Wednesday 22 November 
Castillo Copper LtdAGM
Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Oct 2023 14:40

EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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17 Oct 2023 11:39

Castillo Copper sees shares slip on strategic asset portfolio review

(Alliance News) - Castillo Copper Ltd on Tuesday said that it has started a wholesale strategic asset portfolio review in order to decide the best path forwards following a number of management changes.

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10 Oct 2023 13:38

Castillo Copper Managing Director Dennis Jensen steps down

(Alliance News) - Castillo Copper Ltd on Tuesday said Managing Director Dennis Jensen has resigned and that it plans to review its portfolio and plans "in the coming weeks."

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3 Oct 2023 19:35

IN BRIEF: Castillo Copper pretax loss multiplies on impairment charge

Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Reports revenue in the year to June 30 of USD15,615, down sharply from USD145,218 the year before. Takes impairment of exploration expenditure of USD5.7 million compared to zero before. As a result, pretax loss multiplies to USD6.9 million from USD1.7 million with basic and diluted loss per share 0.53 cents compared to 0.13 cents. Says core theme remains to align with strategic development partners to optimise the value creating potential from the current asset portfolio. Will consider any outright offer to acquire one of the assets based on its merits.

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24 Jul 2023 10:39

Castillo Copper retracts production targets announcement on ASX rules

(Alliance News) - Castillo Copper Ltd on Monday saw its shares take a tumble, after it retracted an announcement made earlier in July, in which it based production targets on an inferred resource.

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24 Jul 2023 09:24

SMALL-CAP WINNERS & LOSERS: S4 Capital shares drop as guidance lowered

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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13 Jul 2023 14:02

Castillo Copper study shows AUD28 million value for Big One deposit

(Alliance News) - Castillo Copper Ltd on Thursday said it has received a preliminary pit optimisation study on the Big One deposit, at its NWQ project, showing a net present value of AUD28 million, around GBP14.7 million.

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14 Jun 2023 12:06

IN BRIEF: Castillo "pleased" by metallurgical test work at Broken Hill

Castillo Copper Ltd - Base metals explorer focused on copper across Australia and Zambia - Receives preliminary report from the Australian Nuclear Science & Technology Organisation, concerning metallurgical test-work performed on six samples from Fence Gossan, Reefs and Tors Tanks prospects in the Broken Hill Alliance project in New South Wales. Total rare earth element plus yttrium grades ranged from 227 to 1,632 parts per million. Yttrium is a rare earth element. Proportion of high-value magnetic rare earth oxides to total rare earths oxide ranged from 22% to 27%. Best total rare earth element plus yttrium extraction was 30%, using a direct leach process at pH 1. Board is reviewing next steps proposed by ANTSO, including trialling alternate leach tests to improve extraction results. Entech Mining Ltd meanwhile is completing pit optimisation and mine design study for Big One deposit. Castillo's geology team is close to finishing an update on the 2017 mineral resource estimate for Cangai Copper Mine in New South Wales.

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14 Jun 2023 09:19

SMALL-CAP WINNERS & LOSERS: Robert Walters drops on lowered outlook

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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26 Apr 2023 18:45

TRADING UPDATES: Ecora portfolio additions up, Gem Diamonds carats up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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