Castillo Copper Limited

CCZ

AU000000CCZ2

Specialty Mining & Metals

Market Closed - Australian S.E. Other stock markets 02:10:51 2024-04-24 am EDT			5-day change	1st Jan Change
0.005 ^AUD	0.00%		0.00%	-16.67%

Mar. 22	Castillo Copper completes sale of two Broken Hill exploration licences	AN
Mar. 22	Rimfire Pacific Mining Completes Acquisition of Two New South Wales Exploration Licenses	MT

Castillo Copper pretax loss multiplies on impairment charge

October 03, 2023 at 02:36 pm EDT

Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Reports revenue in the year to June 30 of USD15,615, down sharply from USD145,218 the year before. Takes impairment of exploration expenditure of USD5.7 million compared to zero before. As a result, pretax loss multiplies to USD6.9 million from USD1.7 million with basic and diluted loss per share 0.53 cents compared to 0.13 cents. Says core theme remains to align with strategic development partners to optimise the value creating potential from the current asset portfolio. Will consider any outright offer to acquire one of the assets based on its merits.

Current stock price: 0.38 pence

12-month change: down 60%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Castillo Copper Limited

Castillo Copper completes sale of two Broken Hill exploration licences	Mar. 22	AN
Rimfire Pacific Mining Completes Acquisition of Two New South Wales Exploration Licenses	Mar. 22	MT
EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down	Mar. 14	AN
Castillo Copper Limited Announces Board Changes	Mar. 14	CI
Castillo Copper Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Mar. 14	CI
Castillo Copper says Rimfire deal will help prioritise "core" assets	Jan. 11	AN
Castillo Copper to Sell Two Licenses for Exploration in Australia to Rimfire Pacific Mining	Jan. 11	MT
Rimfire Pacific Mining Expands Broken Hill Cobalt Project in New South Wales	Jan. 10	MT
Castillo Copper director becomes non-executive to trim costs	Dec. 15	AN
Castillo Copper Ltd Announces Jack Sedgwick Will Transition from Interim Executive Director to Non-Executive Director	Dec. 14	CI
EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution	23-10-24	AN
Castillo Copper’s NWQ Copper Project in Australia Earns Core Asset Status	23-10-24	MT
Castillo Copper sees shares slip on strategic asset portfolio review	23-10-17	AN
Castillo Copper Launches Strategic Review of Assets; Stock Plunges	23-10-17	MT
Castillo Copper Limited Announces Revision of Responsibilities for the Board Members	23-10-17	CI
Castillo Copper Conducting Strategic Review of Zambia, Australia Assets	23-10-16	MT
FTSE 100 Rebounds, Closes at More Than One-Week High	23-10-10	DJ
Castillo Copper Managing Director Dennis Jensen steps down	23-10-10	AN
Castillo Copper Managing Director Leaves	23-10-10	MT
Castillo Copper Managing Director Resigns	23-10-09	MT
Castillo Copper Limited Announces Resignation of Dr. Dennis Jensen as Managing Director Effective Immediately	23-10-09	CI
Castillo Copper Ltd. Announces Board Changes	23-10-09	CI
Castillo Copper pretax loss multiplies on impairment charge	23-10-03	AN
Castillo Copper Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-09-28	CI
Castillo Copper Limited Reports Updated Jorc Compliant Total Mineral Resource Estimate for Cangai Copper Mine	23-07-25	CI

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Company Profile

Castillo Copper Limited is an Australia-based copper-focused exploration company with projects across Australia and Zambia. The Company's projects include Northwest Queensland (NWQ) Copper, Zambia, Broken Hill and Cangai. The NWQ Copper Project is located approximately 140 kilometers (kms) north of Mount Isa in north-west Queensland. The Project comprises five mineral leases, covering a total area of approximately 977 square kilometers (km2). Its Zambia Projects include Mkushi, Luanshya, North and South Lumwana and Mwansa, which cover around 1,100 km2 in Zambia's renowned copper-belt. The Broken Hill Project consists of around two tenements covering approximately 684.3 km2, prospective for cobalt-zinc. The Broken Hill East Project area is located approximately 15kms east of Broken Hill in western New South Wales. The Cangai Copper Mine Project area is located approximately 40kms west of Grafton, in north-east New South Wales.

Sector

Specialty Mining & Metals

Calendar

2024-09-25 - Q4 2024 Earnings Release (Projected)

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Income Statement Evolution

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Sector Copper Ore Mining

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