Castillo Copper Ltd (ASX:CCZ) managing director Dennis Jensen joins Proactive to provide the outlook on a pit optimisation study for the Big One copper deposit in Queensland.
The Entech Group study has delivered an A$28 million net present value and boosts confidence in the viability of a standalone mining operation, with scope to build on the early-stage findings and advance a mining license once CCZ brings a strategic development partner on board.
Big-picture, Jensen says an initially optimised pit shell at Big One could potentially deliver up to 6,266 tonnes of copper, 4,362 ounces of silver and 1,469 tonnes of cobalt.
Speaking to the market on Thursday, Castillo chair Ged Hall said: The board is delighted with the findings from Entechs preliminary pit optimisation study, as it provides significant confidence a standalone mining operation can potentially be developed at Big One deposit.
More importantly, the board believes the studys insights will be key to securing a strategic partner to progress critical development work moving forward.
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Castillo Copper Ltd