Member Info for CopperOn

Because at the moment drilling has paused on the company´s major discovery due to the QLD wet season which I assume drilling will commence again very shortly. In the pause the company has hired ROM to model up a Jorc inferred resources and while doing so they have discovered historic assays extending the deposit at The Big One. They are looking to apply for new mining lease on the project. Current drill program is fully funded ( driller took payment in shares) and the company has approx $3m in the bank, so they are cashed up for further exploration. In the coming weeks there will be plenty of drilling at The Big One and Arya and Assays to follow, so lots of news. They also hold highly prospective assets in Broken Hill (world class mining region) and assets in Zambia´s Copper belt. So i believe there are plenty of reasons for the company to do very well over the coming months. Plus Copper is becoming a critical ingredient for the clean energy and Battery powered future.

Drill program will recommence shortly. Plus a lot of news flow and updates to come on Jorc modeling and mining license.
4p I think wont be far away after announcements start coming and then up and beyond after that. Great to top up in this wet season quiet spell.

"· Castillo's geology consultant is expected to shortly complete modelling of the inaugural JORC compliant resource for Big One Deposit and the Board is firming up plans to apply for a mining lease"

Exciting weeks/months ahead. Company is making the most out of the down time and pushing forward. A lot of news to come and drilling to continue shortly. Applying for new mining lease will show the companies intentions for establishing a world class copper play. Dont forget Chairman Rob Scott has done it all before with Copper producer Sandfire Resources. Team has experience and projects to go the journey.

The Company is cashed up with over $3m aud from the last quarterly. The drillers in current program took payment in stock instead of cash ( must have been confident in the campaign as we all are) and the escrow shares are being held because the discovery from first holes and historic findings is just the beginning. Huge re rate coming once the drills can start up again once wet season has cleared, i think in the next couple of weeks or so they could be looking to get going. Then I assume they will be focusing on drill targets around the areas of the first lot of assays and the historic findings by ROM in the last Rns. ROM are currently modelling a Jorc compliant inferred resource.
At the moment this is a sleeping Giant-
Copper price $9614
Jorc model underway
Further drilling at Big One to add to discovery
Drilling to start at Arya

Great buying at these levels with the pause in drilling, Cu is a critical metal in the years to come and I think we are at the tip of the ice berg at the Big One.
Have a great weekend all!!

Cu $9,096.49
+446.74
+5.16%

Big players accumulating £50k buy late yesterday at 17:14

I cant see the copper price slowing down. Currently at $8423 p/t and i expect to rise significantly when China´s new year festivities are finished. Also a strong rerate on the share price as we edge closer to drilling again at Big One. In the mean time the company has stated that the Jorc modelling is underway and IP survey can now be finalized. I think some people have overlooked the significance of the historical assays uncovered by ROM. High grade hits giving us a further understanding of the area and resource, plus new targets for drilling. I am looking forward to Jorc modelling updates and new flow to come. I dont think we will see these prices for much longer.

Grades from recent rns -
? CCZ_303RC: 40m @ 1.64% fm surface incl: 11m @ 4.40% fm 24m, 5m @ 7.34% fm
28m & 1m @ 16.65% fm 29m4
? CCZ_301RC: 44m @ 1.19% Cu fm surface incl: 14m @ 3.55% fm 27m, 3m @ 10.88%
fm 37m & 1m @ 12.6% fm 37m4
? FMW_BO017: 34m @ 1.51% Cu from surface incl: 21m @ 2.25% Cu fm surface, 12m
@ 3.44% Cu fm 3m, 6m @ 4.79% Cu fm 3m and 1m @ 9.4% fm 9m2
? WME_B07: 3m @ 12.25% Cu from 42m incl: 2m @ 17.87% Cu from 43m; and 1m @
28.4% Cu from 44m3
? WME_B05: 8m @ 2.33% Cu from 44m incl: 6m @ 3.00% Cu from 45m; and 5m @
3.28% Cu from 45m3
? WME_B06: 4m @ 2.20% Cu from 44m incl: 2m @ 3.19% Cu from 46m and 1m @ 3.63%
Cu from 47m3
? FME_BO015: 18m @ 0.86% Cu fm 11m incl: 6m @ 1.85% Cu fm 20m, 3m @ 2.98% Cu
fm 20m and 1m @ 8% fm 20m2
? CCZ_213RC: 12m @ 0.79% Cu fm 52m incl: 8m @ 1.06% Cu fm 57m, 3m @ 2.03% Cu
fm 58m, 1m @ 4.27% Cu fm 59m & 1m @ 1.46% Cu fm 62m4

Gianni Kovacevic on Copper Outlook. https://youtu.be/wVqWhM9COLM

All the fundamentals for a copper super cycle and imo point out why CCZ are in a perfect position on way to proving up a resource and becoming a Cu miner.

Commodities super cycle warming up.
https://www.mining.com/web/jp-morgan-sees-commodity-supercycle-already-kicking-off/

Copper price highest since 2012. CCZ is making discoveries. Strong re rate coming as copper rally continues.
https://www.mining.com/copper-price-rally-reaches-new-high/

The historic drill results are a great find imo and a great start from the appointed geo consultants. The facts are facts and we are seeing good grades from surface further proving up the copper deposit. Great buying with still so much to come.

Announcements out and it looks Good!!
Drills keep hitting grade copper and new evidence found in historic drilling that can „Assert a high grade copper system“.

Indeed MickZ. reposted from your HC post. Thanks for sharing.
CCZ gaining some good attention as investors are rolling in to the copper space and what better potential than CCZ at the moment. Lots to come and eyes are watching.
Have a great weekend all!!

Castillo Copper – moves to accelerate Big One Deposit progress: BUY

By HotStockRockets | Friday 5 February 2021


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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from *************). I have no business relationship with any company whose stock is mentioned in this article.

Castillo Copper (CCZ) has announced the appointment of two key service providers to accelerate the next phase of development at its new copper discovery at Big One Deposit in Australia and emphasises that it is “now moving aggressively to extend known mineralisation, identify new targets and prove up an inaugural resource”?…

The appointments are geology consultancy ROM Resources, to model up a maiden JORC compliant inferred resource, and geophysics consultancy GeoDiscovery Group, to undertake a geophysical survey targeting the identification of massive sulphide bedrock conductors along the 1,200m strike extent that potentially extends known mineralisation and insights into several known yet under-explored nearby anomalies. Those should then enable further drilling campaign refinement and optimisation.

We noted on recent 3.20p offer price recommendation, further potential upside should become apparent when assays for drill-holes 307-14RC are received, as visible, shallow copper oxides and sulphides were intersected and, together with the above noted, there looks strong near-term news flow potential – the latest also including “the geology team are working on a comprehensive update of the Big One Deposit which is expected to be released imminently”.

With also particularly the Broken Hill-related spin off potential with Australia addresses amongst the hottest in this hot sector currently, we continue to see upside from a now circa £35 million market cap. Already up on our tip from a few weeks ago, at up to around 3.4p and targeting a return to comfortably above 4p, this is still a news flow and sentiment-driven buy.

Just the beginning for the Cu rally and for CCZ. So much to come still in the coming weeks/months

ASX liked today’s development Rns update, it was up more 17% on good volume. I Really like the look of the Big one deposit shallow, high grade resource.

Perhaps the drilling company is taking advantage of the weather if the forecast is not raining, even better for us shareholders, but it is meant to be the wet season this time of the year in that part of the country. Which in turn i think is given us great opportunity to pick up the stock at cheaper prices before the drilling campaign is continued.

Financials are looking great. Plenty of money in the till for further exploration work through out the year. Once the rain has cleared it will be full steam ahead, update Jorc, mining lease application and further drilling at Big One and over to Arya.
i think CCZ in set up for a very stand out year.

Copper Warehouse level continue to drop. Great outlook for copper and CCZ.

http://www.kitconet.com/charts/metals/base/lme-warehouse-copper-30d-Large.gif

With the discovery and further drill results to come and further drilling to be done at Big One plus Arya. Not to mention the Zambian assets. I believe CCZ is highly undervalued and i will keep trying to soak up as many as I can before the rest of the market catches on. Looking forward to the coming weeks/months Copper2021