Men's Weekly

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Business Telegraph

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Castillo Copper delighted with high-grade magnetic rare earths at BHA Project

  • Written by Telegraph Magazine

Melbourne, Victoria - News Direct - 17 February 2023 - Castillo Copper Ltd (ASX:CCZ, LSE:CCZ) MD Dennis Jenson tells Proactive the company has significantly lifted confidence in the shallow, clay-hosted rare earths potential of the BHA Project's East Zone near Broken Hill in Far West New South Wales with strong diamond core assays.

Diamond hole TT_005DD at Tors Tank Project provided the most encouragement, returning 13 metres at 1,550ppm total rare earth oxides from just 5 metres. The content of magnetic rare earth oxides was 38.9% of the TREO grade compared to the peer average of 25%.

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