Castillo Copper Signed a $ 2.25 Million Joint Venture to Explore the Marlborough Project

Castillo Copper has entered into a joint venture agreement with A-Cap Resources to uncover the potential of the Marlborough Ni-Co project in Queensland.

The agreement means A-Cap Resources (ASX: ACB) will provide $ 2.25 million over two years for very promising site exploration, near Rockhampton, to acquire 60% of the market. interest in the project, with Castillo (ASX: CCZ) free-hauled with 40 percent.

The site consists of three very promising sites for nickel-cobalt mineralization. The joint venture exploration agreement is a victory for Castillo to consider the potential of the site while working on a series of other projects.

These include the reopening of the Cangai copper mine in New South Wales, as well as work. on his Broken Hill cobalt project, which is becoming a major cobalt project with evidence that it could harbor similar mineralization to other major projects in the western NSW region.

Peter Meagher, president of Castillo, said: "We are working with a leading strategic partner in ACB that brings project development expertise as well as potential customers for nickel and cobalt to the very important Chinese market. . "

A-Cap Resources and Castillo timed their run on this project in line with global trends, with demand in the lithium-ion battery sector, meaning that projects like Marlborough have great opportunities to potentially contribute at the international battery supply chains.

This special report is brought to you by Castillo Copper.

This advisory was prepared without reference to your objectives, financial situation or needs. You should therefore consider the suitability of the board, in light of your own goals, financial situation or needs, before acting on the board.

If this advice relates to the acquisition, or the eventual acquisition, of a particular financial product, the recipient should obtain a document information, a product information document or product-related offer document and consider the PDS before making the decision to acquire the product.