Castillo Copper Ltd (ASX:CCZ, LSE:CCZ) has started a strategic review across its whole portfolio of assets in Australia and Zambia to decide which projects to focus on in future.
"A key focus of the portfolio review will be determining which assets remain core and highly prospective, then optimally allocate capital to maximise the exploration potential,” the Australia-listed explorer said in a statement.
Finding strategic partners that are aiming to develop new copper supply chains will be a key part of the process, said the statement.
Any assets deemed non-core will be rationalised or sold to interested third parties, it added.
Last week, Castillo announced that managing director Dennis Jensen had resigned.
Ged Hall, chairman, commented: "The board has considerable work to do progressing the strategic asset portfolio review but believes this is the right path to maximising shareholder value. “