Castillo Copper in its element with appointment of a new director
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Special Report: Aussie metal explorer introduces a new director to the team – a material asset with decades of mining and business experience.
As Castillo Copper ramps up its exploration program at Cangai Copper Mine, it welcomes a new face.
Castillo Copper Limited (ASX: CCZ) announced today it is welcoming Robert N. Scott as its new non-executive director.
The move is effective immediately.
The base metal explorer – primarily focused on copper, cobalt and zinc – has the bulk of its core operating assets in eastern Australia.
A wealth of experience
Mr Scott has experience in the development and commercialisation of copper and gold projects in Australia and the Philippines, and has held multiple board positions.
While on the board of Sandfire Resources (ASX: SFR) since 2010, he’s overseen the development of the world-class, high-grade Degrussa copper-gold mine in Western Australia.
He’s currently on the board in mining and energy with RTG Mining Inc (TSE: RTG) and has served on the boards of CGA Mining (ASX: CGX) and Lonestar Resources (NASDAQ: LONE), a Texas-based producer of shale oil.
Mr Scott was formerly the Chairman of Resimac Group (ASX: RMC), known as Homeloans Ltd.
Given his involvement with most of these groups for many years, Mr Scott has gained significant insights at a global level as the businesses have grown.
He’s also a chartered accountant with more than 35 year of experience as a corporate adviser at major accounting firms, a fellow of the Institute of Chartered Accountants, and a member of the Taxation Institute of Australia and of the Australian Institute of Company Directors.
The company expects Mr Scott will be invaluable as it expands the exploration program at Cangai Copper Mine in 2019.
“The Board is delighted that Rob has agreed to join CCZ at a clear inflection point, when we are looking to ramp up our exploration efforts at the mine and start testing new prospective areas within the Cangai South tenure,” said Castillo Copper’s Chairman Peter Meagher.
High prospects for Cangai
Castillo Copper continues to target high-grade areas using historic data and modern techniques around New England Orogen in NSW.
The area surrounding the deposit is underexplored, yet highly prospective for copper mineralisation.
Castillo Copper plans to test DHEM conductors at Cangai and expand the search to other prospective areas.
Recent drilling shows excellent assay results for diamond drill-hole (CC0036D) core extracted from Volkhardts DHEM Conductor 1.
These results strengthen the board’s view that Cangai Copper Mine has the potential to be one of the highest grading copper deposits in Australia.