Member Info for CopperOn

World running out of copper and prices expected to keep rising.
https://www.marketwatch.com/story/the-world-risks-running-out-of-copper-and-heres-how-high-prices-may-rise-as-the-economy-reopens-bofa-warns-11620073503

Good Month ahead for us here IMO. Copper prices at 10 year highs and expected to climb. Demand for copper rising every day with EVs and electrification of everything. CCZ to restart drilling picking up where we left off, proving up the Big One discovery and then moving over to Arya.
GLTAH!!

Copper breaks resistance to trade levels not seen since 2011.
https://www.kitco.com/news/2021-04-26/Copper-breaks-resistance-to-trade-at-levels-not-seen-since-2011.html

Video out this week from The Market Bull. Lots watching this stock and I think CCZ is poised to really take advantage of this upcoming copper market.

https://youtu.be/Ikbfq8bEj6I

$9,898.25 Current Cu price. Copper on a tear and drilling not to far off. CCZ ready for take off!!

Castillo Copper – ground exploration work to re-start, Buy
By HotStockRockets | Saturday 24 April 2021
Castillo Copper (CCZ) has announced a further update on imminent exploration work at the Mt Oxide project in the Mt Isa copper-belt district of Queensland, Australia.
The latest is that, following a review of historical reports undertaken by BHP and Mt Isa Mines, it considers there enhanced Arya Prospect potential.
That is particularly with a BHP 1997 tenement report having identified 11 anomalies worthy of attention with ground geophysics and rock chip sampling only completed on four and that, using aggregated historical rock-chip assay data - up to 1.84% Cu (Mt Isa Mines), Castillo’s geology team has created a maiden copper heat map which seamlessly reconciles with geophysical findings to boost confidence in Arya drill-test targets. It notes “drilling team schedule to return to site to commence work at the Big One Deposit then move on to the Arya Prospect”.
That is with end-December cash of Australian$3.1 million and the wet season drawing to a close, so within weeks the company is looking to undertake a geophysical survey at the Big One Deposit focusing on extending known mineralisation and uncovering additional anomalies before a next phase of drilling commences.
MD Simon Paull emphasises “a significant pipeline of copper-focused exploratory work ahead, coinciding with an impending global supply deficit”. Such a demand/supply outlook should help sentiment and these shares were 4p+ earlier this year as assay results saw the company emphasise “there is now compelling evidence that Big One Deposit is a scalable, shallow, high-grade copper-cobalt system”.
With significant exploration work about to re-start against that backdrop, we see good potential from the current £26.5 million market capitalisation.
The shares are already up from the 2.3p offer price of our previous update to 2.6p, we continue to target a return to 4p or more and the stance remains buy.

Things will heat up very quickly here once they start drilling in coming weeks. Let’s not forget it went from 2p to 4.5p the back of the last drill program.

Confident copper price outlook and demand.
https://markets.businessinsider.com/commodities/news/copper-price-scales-$9-000-after-goldman-calls-it-the-new-oil-10018196

Stock is gaining strength again as the wet season comes to an end and mobilisation of drill rigs is once again safe and possible. I think management is doing an oustanding job keeping us informed and updated on the historic records and plans moving forward with the exploration program. Plenty of drill targets to hit and as tom111 said plenty of news flow to come.

Ged Hall discussing todays rns.
https://www.proactiveinvestors.co.uk/companies/news/946462/castillo-copper-gets-set-to-resume-drilling-at-mt-oxide-project-946462.html

Management have a good record, Chairman Rob Scott sat on the board of Sandfire for more then 10 years £500m company from inception to development of a huge Cu mine.

Drilling just around the corner. So much to like and so much potential going forward. The Geos are constantly finding great historic data giving us an advantage on drilling locations. Big One will be big but Arya could be a colossal. The company is ticking all the right boxes and doing a great job imo. Happy to be holding and looking forward to news and drills turning.

Great news. What we have all been waiting for, end of the wet season and resume exploration. Time to prove up this world class deposit. Right at the start of the electrification and clean energy future. Lots of news, results and progress coming our way for the rest of the year.

April 1st. The company must be getting ready to re start drilling and prove up the discovery and historical assays for JORC modelling. Wont be long now, exciting weeks ahead for CCZ and shareholders imo.

I`m with you Gold5. Topping up where i can. Fundamentals have not changed, copper outlook has not changed. Not long and our drill campaign continues proving up the resource.

Copper at the moment over $9k still at 8 year highs. I think we will see a big re-rate when drills start turning again

Not long now till drills start turning again. Plenty of news flow coming, Exciting weeks a head!!

@Viable
6-12 months for renewal process as stated on Qld Government website and given the mining friendly jurisdiction in Mt Isa, i dont see why CCZ would not be successful. I also think there is a big push from QLD and especially around Mt Isa to get new Mining projects up and running, especially copper going forward.
https://www.resources.qld.gov.au/mining-resources/initiatives/new-economy-minerals

Old mines, new value
Secondary prospectivity - that is, the examination of previously unconsidered mining opportunities in existing mines - is a key step towards a circular economy. There are a number of previously mined sites in Queensland that have returned to state control that may contain untapped opportunities.
GSQ will collaborate with The University of Queensland to examine a number of sites and the surrounding region to determine their overall potential, in terms of both mineral endowment, and the mining technologies and techniques required to exploit these opportunities. If this analysis returns positive results it could be used to support re-packaging these sites and offering them back to market, perhaps with incentives or collaboration arrangements to address legacy environmental issues.

The wet season has put a hold on drilling further at the recent discovery, but the company has still got a lot going on behind the scenes at the moment. ROM was hired to model up a Jorc inferred resource and they found further historic evidence supporting the discovery, which in turn I presume CCZ would be looking at these results and establishing new drill targets. The company was also looking at applying for a new mining lease. So a lot of news flow to come leading up to and preparing for the drill program to re start. Any bit of good news will send this into the 3s or more before drilling and when drilling starts then we are off!! A lot of eyes on this stock atm and Copper . I am really looking forward to the coming weeks/months ahead proving up the Big One is not just a name. ;)

Half yearly accounts out today is a good read to get you up to date with company. Also the team behind this company has the capability and reputation to take this far. ie Rob Scott director from Sandfire Resources ($1B MC) who over saw the development of the Degrussa Copper gold mine.

Half Yearly - https://wcsecure.weblink.com.au/pdf/CCZ/02353093.pdf