Late last year, I wrote about Castillo Copper Limited (ASX: CCZ) which announced some great results from their Cangai Copper Mine. I was immediately intrigued. However, things did not go well for them as there were some environmental issues which appear to have been sorted out with their reinstatement to the Australian Stock Exchange (ASX). Cangai Copper Mine in northern New South Wales is still one of Australia’s highest grading historic copper mines with a JORC inferred resource of 3.2Mt @ 3.35% Cu.
A few months of hibernation and lots of "discussions" the company has a new strategy and a new team. Most times, these new strategies are a lot of hot air, but what Castillo has come up with is very interesting. The talk about the three-pillar strategy and I have to say it is not unattainable.
The rebirth has brought in a new project within Zambia's well known "Copperbelt."The two Zambian projects named, Mkushi & Luanshya, are adjacent to producing copper mines, which enhances the upside appeal for Castillo's assets.