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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
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