Australia’s Castillo Copper, listed on the London Stock Exchange (LSX) on August 4, to fund the development of its projects across the Australian sub-continent.
Castillo is currently listed on the Australian Stock Exchange and wants to garner more capital from LSX to quicken the operations in its three mines that are currently under development:
Castillo’s Cangai copper mine in New South Wales is one of the highest-graded copper mines in Australia, according to the Joint Ore Reserves Committee (JORC) report, which inferred a deposit of 3.2mn mt with 3.35pc contained copper.
The Mount Oxide mine in Mt Isa, Queensland is in a copper-rich region with significant deposits, which remain untested, according to the company. The mine is in close proximity to similar copper projects like Capricorn Copper and Lady Annie.
The company also holds Zed, a mining company with operations in Zambia, which is the second-largest producer of copper in Africa. The latter is currently focused on the Luanshya mine in the country’s copper belt that has proven to be a good target for copper mineralization.