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CASTILLO COPPER LIMITED (CCZ)

Listed on ASX

SHARE PRICES

(updated weekly)

Former (or subsequent) names

Shareholder links

Our website ranking of CCZ: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Services Level 5 126 Phillip Street Sydney NSW 2000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

Address: 45 Ventnor Avenue, West Perth, Western Australia 6005
Tel:  +61 8 9389 4407 Fax: 08 6316 3337

Date first listed: 14/12/2010
Company Secretary: Dale Hanna
Sector: Materials Industry Group: XMJ
Activities: Exploration

The suspension of trading in the securities of Castillo Copper Limited will be lifted from the commencement of trading on Thursday, 29 August 2019, following the release by CCZ of announcements regarding the rectification of compliance issues identified by the New South Wales Resources Regulator and the acceptance by NSWRR of an enforceable undertaking agreement.

28/08/2019

The enforceable undertaking agreement with the NSW Resources Regulator has been accepted, paving the way for a resumption in exploration activities and trading in CCZ shares following the completion of the capital raising of up to GBP300,000. On 30 May 2019, the NSWRR approved the resumption of exploration work at CCM but this did not remove the risk of punitive fines, which necessitated securing the EUA to ring fence liabilities.

26/08/2019

The new Board's immediate priority is to recommence exploration activities across the three pillars, progress due diligence on Zambia and finalise the London listing. Castillo will seek shareholder approval to issue 3,000,000 unlisted options, to acquire CCZ shares, each to Mr Peter Smith and Mr Gerrard Hall (and/or their nominees) at an exercise price of $0.05 and expiring 3 years from issue date for no cash consideration in recognition of their services to the company and to further incentivise their performance. The Board has finally received the signed off enforceable undertaking agreement from the NSWRR and will work with the ASX to have trading in CCZ shares resume early next week.

23/08/2019

CCZ to raise up to GBP£300,000 from UK investors (circa A$537,000) before costs via convertible loan notes. CCZ will seek shareholder approval to raise an additional GBP£150,000 (circa A$268,000) before costs via convertible loan notes. According to CCZ's UK advisor, SI Capital, work progressing the standard listing on the London Stock Exchange (LSE) is moving ahead as planned. The immediate priority is to recommence exploration activities across the three pillars which is fundamental to the board's strategic intent to grow CCZ into a mid-tier copper group. CCZ's voluntary suspension remains in place pending the enforceable undertaking agreement with NSWRR being formally accepted, which is expected within weeks.

09/08/2019

The company requests an extension of the voluntary suspension of its securities pending an announcement in respect of the status of its exploration tenements. On 24 May 2019, the NSW Resources Regulator approved the resumption of exploration work at CCM. The board understands that the terms of the enforceable undertaking have received preliminary approval, and now wait for the enforceable undertaking to be formally accepted and signed by the secretary of the department or their delgate and to receive notification of the outcome of the decision. An anouncemen tis expected to be made on 19 August 2019.

05/08/2019

The company lodges its Quarterly Activities Report.

31/07/2019

The company lodges its Quarterly Cashflow Report.

31/07/2019

Fundamental building blocks are now in place to rapidly progress the Board's three pillared strategic intent to transform CCZ into a mid-tier copper group. The UK team, led by newly appointed director, Ged Hall, are in the process preparing all the necessary documentation, fresh funding and regulatory clearances to secure CCZ's dual listing on the standard board of the London Stock Exchange (LSE) by 4Q 2019. Discussions with the NSWRR to conclude the enforceable undertaking have been positive and nearing finalisation, which will pave the way for a resumption in trading. Due to the three pillared strategy, the assets in Chile and the Marlborough project in Queensland are being relinquished; meanwhile, the Board is in discussions with prospective partners to develop the Broken Hill project on a free carried interest basis.

22/07/2019

The company requests an extension of the voluntary suspension of its securities pending an announcement in respect of the status of its exploration tenements. The announcement is expected to be made on 5 August 2019.

15/07/2019

To progress the Board's three-pillared strategic intent "“ to transform CCZ into a mid-tier copper group "“ five highly prospective copper projects, covering circa 1,050km2 in Zambia are to be acquired. The Luanshya project, to be developed first, is located in Zambia's traditional "copper-belt" along a key north-west structural trend known as the Lufilian Arc. The second priority is the Mkushi project, which contiguously surrounds an operating open-pit copper mine, in a region proven to be highly prospective for Cu-Au mineralisation. Development work on the remaining ground will start in due course; note, however, extensive artisanal mining operations at the Lusemfwa project indicate outcropping copper mineralisation. On a relative risk weighted basis, Zambia is politically stable, with a common law legal framework that caters to the mining industry's requirements. The Zambia assets complement CCZ's Cangai Copper Mine and Mt Oxide project, as collectively they deliver three pillars, with significant exploration upside, that are critical to successfully building a mid-tier copper group. Moving forward, the Board is working to finalise the enforceable undertaking with the NSW Resource Regulator in coming weeks, so trading can resume, while simultaneously progressing the London dual listing and implementing the three pillars strategy.

10/07/2019

Board is pleased to advise that on 24 May 2019, the NSW Resources Regulator approved the resumption of exploration work at CCM. However, as the Board is still negotiating an enforceable undertaking with NSWRR, trading will remain suspended until this agreement is finalised. The company requests that the voluntary suspension remain in place until the company makes an announcement to the market, which it expects to make pre-market on 15 July 2019.

02/07/2019

Mandate awarded to SI Capital "“ a leading UK corporate finance advisory firm with significant resource and mining sector expertise "“ to facilitate a dual listing on the London Stock Exchange. Significant developments at a critical inflection point as the Board starts to develop CCZ into a mid-tier copper group focused on Cangai Copper Mine. Mt Oxide and emerging opportunities in known copper regions in Africa. SI Capital is very positive on the exploration upside CCZ delivers and highly supportive of plans to develop CCM, exploring the AEM anomaly at Arya prospect and define resources on the high-quality African copper projects. The benefits and value-add of an LSE listing are numerous but key is access to a sizeable and diversified investor base that understands emerging African opportunities. More details will be forthcoming as the Board rolls out its transformative strategy over the balance of 2019. In the interim period, CCZ expects to finalise an enforceable undertaking agreement with NSW Resource Regulator and begin trading.

17/06/2019

The company requests an extension of the voluntary suspension of its securities pending an announcement in respect of the status of its exploration tenements. The announcement is expected to be made on 1 July 2019.

12/06/2019

The company requests an extension of the voluntary suspension of its securities pending an announcement by the company in respect of the status of its exploration tenements. The Board believes it has now complied with all specified actions as set out by the Regulator and is working diligently with the Regulator in order to come to an agreement on the resumption of activities at Cangai. The Board will await the formal agreement from the Regulator regarding regulatory approval for the recommencement of exploration activities on the exploration licences. The company is expected to make an announcement on 10 June 2019.

20/05/2019

Recent Board meeting outlines clear agenda to reset strategic intent to develop CCZ into a mid-tier copper group focused on three core assets: Flag-ship Cangai Copper Mine, Mt Oxide and potentially highly prospective emerging opportunities in the southern African copper belt. The Board has fully cooperated with the NSW Resource regulator and undertaken all major rehabilitation work at CCM, which the Board consider should soon lead to official approval for exploration activities to resume. CCZ is continuing its work with Noble Group on the legacy stockpiles "“ an update on further metallurgical test-work is anticipated once the results are finalised. Recently released government data shows an airborne electromagnetic anomaly at the Mt Oxide project. The Board has reviewed prospective opportunities in the southern African copper belt near major operating mines.

06/05/2019

The company equests an extension of the voluntary suspension of its securities pending an announcement in respect of the status of its exploration tenements. The Board believes it has now complied with all specified actions as set out by the Regulator and is working diligently with the Regulator in order to come to an agreement on the resumption of activities at Cangai. The announcement to the market is expected to be made on 20 May 2019.

06/05/2019

The company lodges its Quarterly Cashflow Report.

30/04/2019

The company lodges its Quarterly Activities Report.

30/04/2019

The company requests an extension of the volntary suspension of its securities. It was previously disclosed that exploration activity at the Cangai Copper project has been suspended pending rectification of compliance issues. The board believes it has now complied with all specified actions as set out by the regulator and remains active in its engagement with the regulator as it continues its enquiries. The board will await a formal response from the regulator regarding regulatory approval for the recommencement of exploration activities on the exploration licences. The voluntary suspension is requested to remain in place until the company makes an announcement, which it expects to make pre-market on 6 May 2019.

15/04/2019

The company requests that the voluntary suspension of its securities remain in place until the company makes an announcement in respect of the status of its exploration tenements, which it expects to make pre-market on 15 April 2019.

25/03/2019

The company lodges its Half Year Accounts.

15/03/2019

The company requests an extension of the voluntary suspension of its securities pending an announcement by the Company in respect of the status of its exploration tenements. The Board believes it has now complied with all specified actions as set out by the Regulator and remains active in its engagement with the Regulator as it continues its enquiries. The Company requests that the voluntary suspension remain in place until the Company makes an announcement to the market, which it expects to make pre-market on Monday, 25 March 2019.

04/03/2019

The company requests an extension of the voluntary suspension of its securiteis pending an announcement in respect of the status of its exploration tenements. The Company requests that the voluntary suspension remain in place until the Company makes an announcement to the market, which it expects to make pre-market on Monday, 4 March 2019.

18/02/2019

The company requests an extension of the voluntary suspension of its securities effective from the commencement of trading on Monday, 4 February 2019 pending an announcement by the Company in respect of the status of its exploration tenements. The Company requests that the voluntary suspension remain in place until the Company makes an announcement to the market, which it expects to make pre-market on Monday, 18 February 2019.

04/02/2019

The company lodges its Quarterly Activities Report.

31/01/2019

The company lodges its Quarterly Cashflow Report.

31/01/2019

The company releases the results of its meeting.

29/01/2019

The company has mutually agreed with A-Cap Energy not to proceed with the proposed Marlborough Project joint-venture. ACB's Board has decided to focus on developing its asset in Western Australia, which has a legacy mine. As CCZ's strategic intent for its Queensland assets remains unchanged, the Board will seek a new strategic partner to develop the Marlborough Project.

23/01/2019

The company has withdrawn its offer to eligible shareholders of up to approximately 75,000,000 shares, with one free attaching option for every share subscribed for, at an issue price of $0.02 to raise up to $1,500,000, with each eligible shareholder able to apply for up to 750,000 shares. A supplementary prospectus was released which is to be read in conjunction with the prospectus.

23/01/2019

The company requests an extension of the voluntary suspension of its securities pending an announcement by the company in respect of the status of its exploration tenements. The Company has continued its engagement with the NSW Resources Regulator. The Company will submit a report to the NSW Resources Regulator that details actual and potential impacts to the environment identified by the site-based performance and risk assessment and control actions implemented to ameliorate impacts / minimise risk carried out by the Expert. The Audit is expected to be conducted and reported to the satisfaction of the NSW Resources Regulator by 1 February 2019. The Company requests that the voluntary suspension remain in place until the Company makes an announcement to the market, which it expects to make pre-market on Monday, 4 February 2019.

14/01/2019

The securities of Castillo Copper Limited ("˜CCZ') will be suspended from quotation immediately under Listing Rule 17.2, at the request of CCZ, pending the release of an announcement regarding the status of its exploration tenements

27/12/2018

The suspension of trading in the securities of Castillo Copper Limited will be lifted immediately following the release by the Company of an announcement of an exploration update in relation to the Company's Cangai Copper Project.

20/08/2018

The company provides shareholders a progress report on the second drilling campaign at Cangai Copper Mine. There was a strong start to the second drilling campaign as massive sulphides intersected with visible copper and zinc minerals. The massive sulphide intersections have extensive visible chalcopyrite, sphalerite, pyrite and pyrrhotite present which is consistent with historic mine reports. With only five (out of 39) drill-holes completed, the next targets are a known conductor and the western section of the line of lode, which should expand the mineralised footprint.

20/08/2018

The securities of Castillo Copper Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding drilling results.

20/08/2018

The suspension of trading in the securities of Castillo Copper Limited will be lifted immediately, following receipt of an announcement.

13/04/2018

The company identified that by inadvertence, two recent issues of shares in the company had not been accompanied by the giving of cleansing notices. The Company has applied to, and obtained orders from, the Federal Court of Australia, dated 13 April 2018, which extend the time for the giving of cleansing notices in respect of the issue of those shares. The effect of those orders is that the issue of the relevant shares and any subsequent on-sale of those shares is "cleansed" for the purposes of the Act.

13/04/2018

The securities of Castillo Copper Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement regarding an application to the Federal Court of Australia seeking an extension of time to issue a Cleansing Notice required under s708(A) of the Corporations Act 2001 (Cth) in respect of "Appendix 3Bs" lodged on 19 October 2017 and 16 January 2018.

10/04/2018

The suspension of trading in the securities of Castillo Copper Limitedwill be lifted immediately, following receipt of an announcement.

21/07/2017

The company has signed a binding heads of agreement with Total Minerals to acquire all its outstanding issued shares.

21/07/2017

The securities of Castillo Copper Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

21/07/2017

The suspension of trading in the securities of Castillo Copper Limited will be lifted immediately, following receipt of an announcement.

23/03/2017

The company has entered into a binding heads of agreement to acquire 100% of the issued capital of Qld Commodities.

23/03/2017

The securities of Castillo Copper Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

22/03/2017

we understand that on or about this date the company consolidated its shares 1 for 4

18/05/2016

we understand that on or about this date the company consolidated its shares 1 for 4

18/05/2016

The suspension of trading in the securities of Castillo Copper Limited (the "Company") will be lifted immediately, following the Company" announcement regarding fundraising. Security Code: CCZ

28/08/2013

In accordance with ASX Listing Rule 17.2 the Directors of Castillo Copper Limited (ASX Code: CCZ) request an immediate voluntary suspension pending the release of an announcement regarding a significant capital raising. The Company requests that the voluntary suspension end on the date the anticipated announcement referred to above is released to the market, which is expected to be on or before the opening of trading on Friday 30 August 2013.

20/08/2013

The securities of Castillo Copper Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: CCZ

20/08/2013

name changed from Oakland Resources Limited

24/05/2013

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    27/05/2020Gerrard Hall800,000$0.023$18,125
    31/03/2020Gerrard Hall1,800,000$0.013$23,400
    31/03/2020Robert Scott405,361$0.013$5,270
    20/11/2019Simon Paull700,000$0.020$14,000
    20/11/2019Gerrard Hall500,000$0.021$10,500

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Robert ScottChairman13/12/2018
    Simon PaullManaging Director23/08/2019
    Gerrard HallNon Exec Director23/06/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Matthew BullNon Exec Director31/12/201930/04/2020
    Peter C. SmithNon Exec Director27/03/201831/12/2019
    Alan ArmstrongCFO01/08/201720/12/2019
    Peter MeagherChairman12/02/201822/06/2019
    Neil HutchisonExecutive Director01/08/201727/03/2018
    David WheelerChairman13/08/201512/02/2018
    Nicole FernandesNon Exec Director06/05/201601/08/2017
    Joe GrazianoNon Exec Director13/08/201501/08/2017
    Jack JamesNon Exec Director13/08/201506/05/2016
    Brian McMasterNon Exec Chairman02/09/201312/08/2015
    Nicholas LindsayManaging Director, CEO21/05/201312/08/2015
    Daniel CrennanNon Exec Director21/05/201312/08/2015
    Matthew WoodDirector01/04/201412/08/2015
    Scott FunstonExecutive Director19/11/201201/04/2014
    William RyanNon Exec Chairman21/05/201302/09/2013
    Matthew WoodExecutive Chairman19/11/201221/05/2013
    Vernon TidyNon Exec Director13/07/201021/05/2013
    Mark ArundellManaging Director11/06/200919/11/2012
    Anthony PolglaseNon Exec Director01/04/201019/11/2012
    Victor-Mark FitzmauriceCEO11/10/2011
    Gregor DuncanTechnical Director 17/03/2011
    Scott ReidExecutive Chairman21/02/2011
    Philip TreismanNon Exec Director22/10/2009

    Date of first appointment, title may have changed.