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Castillo Copper Limited (CCZ) issued a retraction on the ASX on 24 July 2023 for an announcement published on 13 July 2023. The retracted announcement was titled "Initial pit optimisation delivers A$28m NPV for Big One." This action was taken because the information was not consistent with ASX Listing Rules 5.16.6, as the company had based its production targets on an inferred resource.
| Date | 24 Jul 2023 |
| Time | 07:00:04 |
| Category | Miscellaneous |
| ID | 8772G |
CASTILLO COPPER LIMITED
("Castillo", or the "Company")
Retraction of ASX release
Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, has issued a retraction on the ASX for the announcement titled "Initial pit optimisation delivers A$28m NPV for Big One" on 13 July 2023.
The full text of the retraction can be seen below and on the Company's website at: https://castillocopper.com/investors/announcements/
Castillo Copper Limited (ASX: CCZ or the Company) released an announcement titled "Initial pit optimisation delivers A$28m NPV for Big One" (Announcement) on 13 July 2023.
Following discussions with ASX, the Company retracts the Announcement.
This information is not consistent with ASX Listing Rules 5.16.6 as the Company has based its productions targets in the Announcement on an inferred resource.
As a consequence of the retraction of the Announcement, the Company advises that investors should not rely on the retracted Announcement for their investment decisions.
For further information, please contact:
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Castillo Copper Limited |
+61 8 6558 0886 |
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Dr Dennis Jensen (Australia), Managing Director Gerrard Hall (UK), Chairman |
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SI Capital Limited (Financial Adviser and Corporate Broker) |
+44 (0)1483 413500 |
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Nick Emerson |
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Gracechurch Group (Financial PR) |
+44 (0)20 4582 3500 |
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Harry Chathli, Alexis Gore, Henry Gamble
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About Castillo Copper
Castillo Copper Limited is an Australian-based explorer primarily focused on copper across Australia and Zambia. The group is embarking on a strategic transformation to morph into a mid-tier copper group underpinned by its core projects:
· A large footprint in the Mt Isa copper-belt district, north-west Queensland, which delivers significant exploration upside through having several high-grade targets and a sizeable untested anomaly within its boundaries in a copper-rich region.
· Four high-quality prospective assets across Zambia's copper-belt which is the second largest copper producer in Africa.
· A large tenure footprint proximal to Broken Hill's world-class deposit that is prospective for zinc-silver-lead-copper-gold and platinoids.
· Cangai Copper Mine in northern New South Wales, which is one of Australia's highest grading historic copper mines.
The group is listed on the LSE and ASX under the ticker "CCZ."