(NewsDirect)
Castillo Copper Ltd(ASX:CCZ) managing director Dennis Jensen joins Proactive to providethe outlook on a pit optimisation study for the Big One copper depositin Queensland.
TheEntech Group study has delivered an A$28 million net present value andboosts confidence in the viability of a standalone mining operation,with scope to build on the early-stage findings and advance a mininglicense once CCZ brings a strategic development partner onboard.
Big-picture, Jensen says an initially optimised pit shell atBig One could potentially deliver up to 6,266 tonnes of copper, 4,362ounces of silver and 1,469 tonnes of cobalt.
Speaking to the marketon Thursday, Castillo chair Ged Hall said: “The board is delightedwith the findings from Entech’s preliminary pit optimisation study,as it provides significant confidence a standalone mining operationcan potentially be developed at Big One deposit.
“More importantly, the board believes thestudy’s insights will be key to securing a strategic partner toprogress critical development work moving forward.”
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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