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Castillo Copper appoints new executive director ahead of strategic asset review

Published 10/10/2023, 09:27 am
Updated 10/10/2023, 10:00 am
© Reuters. Castillo Copper appoints new executive director ahead of strategic asset review

Castillo Copper Ltd (ASX:CCZ, LSE:CCZ) has appointed Jack Sedgwick as interim executive director following the resignation of managing director Dr Dennis Jensen.

Sedgwick will assume responsibility for day-to-day operations and strategic intent and will take on the role immediately.

Strategic review coming

Castillo is set to undertake a strategic review of its asset portfolio and will prioritise forward plans against a challenging macro environment.

“Dr Jensen has led the group during a difficult period, with exogenous challenges impacting the industry and core business," Castillo Copper’s chairman Ged Hall said.

"The board appreciates Dr Jensen’s dedication and contribution to the business and wishes him well with the new business opportunity.

“Moving forward, the board is highly optimistic about prospects and looks forward to working closely with Mr Sedgwick to progress the group’s strategic agenda.”

About Castillo Copper

Castillo is focused on copper across Australia and Zambia and is embarking on a strategic transformation to morph into a mid-tier copper group underpinned by its core projects:

  • A large footprint in the Mt Isa copper-belt district, northwest Queensland, which delivers significant exploration upside through having several high-grade targets and a sizeable untested anomaly within its boundaries in a copper-rich region.
  • Four high-quality prospective assets across Zambia’s copper belt which is the second largest copper producer in Africa.
  • A large tenure footprint proximal to Broken Hill’s world-class deposit that is prospective for cobalt-zinc-silver-lead-copper-gold and platinoids.
  • Cangai Copper Mine in northern New South Wales, which is one of Australia’s highest-grading historic copper mines.

    • Read more on Proactive Investors AU

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