14 March 2024
CASTILLO COPPER
LIMITED
("Castillo", or the
"Company")
Board
Changes
Castillo Copper Limited (LSE and
ASX: CCZ), a base metal explorer primarily focused on copper across
Australia and Zambia, is pleased to announce the appointment of Mr
Eduardo Robaina BEng and Mr Joel Logan BSc to the Castillo Copper
Board of Directors. In light of these appointments, the following
Board Changes are effective today:
Changes
effective
· Mr
Eduardo Robaina BEng will assume the role of Non-Executive
Director.
· Mr
Joel Logan BSc will assume the role of Non-Executive
Director.
· Mr Jack
Sedgwick BEng BCom MBA (Distinction) GAICD steps down from his role
as Non-Executive Director.
· Mr
David Drakeley steps down from his role as Non-Executive
Director.
Eduardo Robaina is an accomplished
Managing Director and Engineering Consultant with an executive and
technical skillset that will greatly complement that of the
Castillo Copper Board. Possessing over two decades of experience
working in the resources sector, spanning both technical and
leadership positions at foremost businesses - including the likes
of Woodside, Mineral Resources, Santos and most recently Add Energy
(part of ABL Group) - Mr Robaina brings an all encompassing
understanding of business operations.
In his most recent position as
Managing Director at Add Energy, Mr Robaina was responsible for
overseeing the business operating model, which saw the Company
achieve significant financial growth over a 4-year period. He was
an active member in Add Energy's Executive team during its 2022/23
acquisition and integration into ABL Group.
Joel Logan is an Exploration
Geologist with an impressive breadth of work experience in
exploration, development and producing assets. These operations
have hosted a variety of resources such as copper, uranium, gold,
lithium, nickel, cobalt and PGEs. Over the course of his
professional career, Mr Logan has developed strong theoretical and
practical skills, enabling the delivery of geoscientific outcomes
to notable Companies and operations, including the likes of BHP's
Olympic Dam Project and Azure Minerals Ltd's Andover
Project.
Mr Logan's role at Azure Minerals
saw him design and execute exploration and drill hole strategies,
in addition to resource development of highly mineralised LCT
pegmatities. This experience in driving early-stage activity will
be invaluable to furthering Castillo Copper's asset development
strategy.
Ged Hall,
Chairman of Castillo Copper, said: "I would like to personally thank Jack
and David for stepping up to assist in guiding the Company's
reinvigorated development strategy in recent
months.
"No doubt we find ourselves facing a challenging market at
present, however with core assets identified - as well as a
commitment to advance development at these operations with targeted
exploration activity - the Company is well-equipped to forge ahead.
Castillo Copper wishes Jack and David all the best in their future
endeavours.
"To bolster our developmental efforts in 2024 and beyond, we
are incredibly excited to welcome aboard Eduardo and Joel to the
Castillo Copper Board. Each possessing a unique calibre of
experience, the Company looks forward to maximising Company value
with the adage of their joint expertise."
Castillo confirms that there is no
further information to be disclosed under the requirements of
Listing Rule 9.6.13 in relation to the appointments of Mr Eduardo
Robaina and Mr Joel Logan.
For further
information, please contact:
Castillo Copper
Limited
|
+61 8 6558 0886
|
Gerrard Hall (UK), Chairman
|
|
|
|
SI Capital
Limited (Financial Adviser and Corporate Broker)
|
+44 (0)1483 413500
|
Nick Emerson
|
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|
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Gracechurch
Group (Financial PR)
|
+44 (0)20 4582 3500
|
Harry Chathli, Alexis Gore, Henry Gamble
|
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About Castillo Copper
Castillo Copper Limited is an
Australian-based, Australian-focussed copper exploration Company
with a strategy to develop multi-commodity assets that demonstrate
future potential as an economic mining operation.
Through the application of
disciplined and structured exploration and analysis, Castillo
Copper has identified assets deemed core to the Company's sustained
growth and is actively progressing these interests up the value
curve.
Current focus will be on advancing
exploration activity at the Company's wholly owned NWQ Project,
situated in the copper-belt district approximately 150km north of
Mt Isa in north-west Queensland.
Other interests include the Broken
Hill Project in western New South Wales and the Cangai Copper Mine
in north-east New South Wales, as well as exploration targets in
Zambia.
Castillo Copper is listed on the LSE
and ASX under the ticker "CCZ".