Castillo Copper : MOU to develop sizeable Broken Hill project that's highly prospective for base metals

Castillo Copper Limited ('CCZ' or 'the Company') is delighted to announce that it is part of a highcalibre coalition, comprising IPT and SR, with the strategic intent to establish Broken Hill Alliance (BHA).

BROKEN HILL ALLIANCE

Currently, BHA is an equal coalition between the three stakeholders that collectively owns the largest tenement footprint surrounding the world-class Broken Hill zinc-lead-silver deposit in New South Wales. The geology across the enlarged tenure is highly prospective for base metals, with several known priority exploration targets. However, holistically there is an opportunity to create significant value developing the project which has been largely under-explored over the past two decades.

STRUCTURED FRAMEWORK

To formalise their strategic intent to develop the BHA tenure package, the three stakeholders have signed a non-binding MOU which provides a structured framework to move forward to a definitive agreement.

Contact:

Simon Paull

Tel: [phone]

Fax: [phone]

Email: [e-mail]

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