The three pillars refer to Castillo’s three distinct project areas: its five projects in Zambia; the Arya prospect within the company’s Mt Oxide project in Queensland; and its Cangai Copper Mine in New South Wales.
Castillo has a new video that outlines how the company intends to use its strategy to help ease increasing global demand for copper.
Within the current Australian portfolio, Cangai will remain the flagship prospect, followed by Mt Oxide.
Due diligence has begun on the Zambia project, with the initial interpretation that all five are prospective for copper mineralisation.
Copper demand continues to outpace supply
Copper prices are expected to rise in coming years, particularly with accelerating demand for new high tech products like electric cars and from developing economies.
The International Copper Association of Australia recently confirmed that copper demand continues to outpace supply.
To secure long-term supply, many large copper-focused groups are actively looking to acquire juniors that deliver material upside potential.