Castillo Copper Limited (ASX: CCZ) is an ASX-listed explorer that has assets in eastern Australia and Chile.

The Australian assets, which were acquired outright in July 2017, comprise three highly prospective cobalt-copper-nickel project areas in New South Wales and Queensland, detailed briefly as follows:

  • Kungabaran Hill, which is in the New England Orogen in NSW, covers 153 sq km and is prospective for cobalt/copper/nickel;
  • Peak Hill, located 16km southwest of Broken Hill, NSW, is prospective for cobalt/copper and covers 57 sq km; and
  • Mt Oxide North covers 214 sq km in the Mt Isa region, northwest Queensland, and is prospective for copper/cobalt.

The Board is looking to prove up JORC compliant resources across the Australian project areas then utilise third party processors to fast track product to market.

The wholly-owned Chilean assets comprise of six exploration concessions across a total area of 1,800 hectares that are well known for high grade copper-gold projects.