Castillo Copper Ltd - base metal explorer - Secures an in-principle agreement with Queensland-based Depco Drilling to appoint them as the lead contractor for the upcoming Mt Oxide drilling campaigns. Depco Drilling agrees to accept a material proportion of its fees in Castillo Copper shares, with a six-month voluntary escrow period. Mobilisation plans are now being ramped up and all necessary logistics are in place. "This is a transformative development which puts Castillo Copper squarely on the path to achieve its strategic objective to evolve into a mid-tier copper group," said Managing Director Simon Paull.
Current stock price: 2.67 pence
Year-to-date change: up 9.1%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Castillo Coppe. (CCZ)