London Stock Exchange welcomes Castillo Copper Ltd to the Standard Segment of the Main Market
London Stock Exchange welcomes Castillo Copper Limited, a base metal explorer primarily focused on copper projects across Australia and Zambia, as it lists on the standard segment of London Stock Exchange's Main Market.
Requirement for copper is expected to continue to rise due to an increase in demand for products such as Electric Cars. Castillo Copper aims to capitalise on this increase by progressing its three key Copper projects. Two of these are located in Australia – one is the Cangai Copper Mine Project located in one of Australia’s highest grading copper deposits. The second, Mt Oxide project in central Queensland, comprises a large mineralised footprint near Mount Isa which is famous for Copper and Zinc mineralisation. The third project consists of four prospects across Zambia’s world renowned “Copper Belt”.
All these projects have the potential to be progressed towards the development of a mining operation and thereby transforming Castillo Copper into a mid-tier copper producer.
Simon Paull, Managing Director of Castillo Copper, said: “The London listing significantly enhances the company’s profile and gives us access to UK institutional investors that understand the global copper industry dynamics and are prepared to fund highly prospective projects. With the demand for copper set to continue to increase, we look forward to developing our projects and drive the business forward towards our goal to become a mid-tier copper producer.”