14 March 2024

CASTILLO COPPER LIMITED
("Castillo", or the "Company")

Board Changes

Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, is pleased to announce the appointment of Mr Eduardo Robaina BEng and Mr Joel Logan BSc to the Castillo Copper Board of Directors. In light of these appointments, the following Board Changes are effective today:

Changes effective

·    Mr Eduardo Robaina BEng will assume the role of Non-Executive Director.

·    Mr Joel Logan BSc will assume the role of Non-Executive Director.

·   Mr Jack Sedgwick BEng BCom MBA (Distinction) GAICD steps down from his role as Non-Executive Director.

·    Mr David Drakeley steps down from his role as Non-Executive Director.

Eduardo Robaina is an accomplished Managing Director and Engineering Consultant with an executive and technical skillset that will greatly complement that of the Castillo Copper Board. Possessing over two decades of experience working in the resources sector, spanning both technical and leadership positions at foremost businesses - including the likes of Woodside, Mineral Resources, Santos and most recently Add Energy (part of ABL Group) - Mr Robaina brings an all encompassing understanding of business operations.

In his most recent position as Managing Director at Add Energy, Mr Robaina was responsible for overseeing the business operating model, which saw the Company achieve significant financial growth over a 4-year period. He was an active member in Add Energy's Executive team during its 2022/23 acquisition and integration into ABL Group.

Joel Logan is an Exploration Geologist with an impressive breadth of work experience in exploration, development and producing assets. These operations have hosted a variety of resources such as copper, uranium, gold, lithium, nickel, cobalt and PGEs. Over the course of his professional career, Mr Logan has developed strong theoretical and practical skills, enabling the delivery of geoscientific outcomes to notable Companies and operations, including the likes of BHP's Olympic Dam Project and Azure Minerals Ltd's Andover Project.

Mr Logan's role at Azure Minerals saw him design and execute exploration and drill hole strategies, in addition to resource development of highly mineralised LCT pegmatities. This experience in driving early-stage activity will be invaluable to furthering Castillo Copper's asset development strategy.

Ged Hall, Chairman of Castillo Copper, said: "I would like to personally thank Jack and David for stepping up to assist in guiding the Company's reinvigorated development strategy in recent months.

"No doubt we find ourselves facing a challenging market at present, however with core assets identified - as well as a commitment to advance development at these operations with targeted exploration activity - the Company is well-equipped to forge ahead. Castillo Copper wishes Jack and David all the best in their future endeavours.

"To bolster our developmental efforts in 2024 and beyond, we are incredibly excited to welcome aboard Eduardo and Joel to the Castillo Copper Board. Each possessing a unique calibre of experience, the Company looks forward to maximising Company value with the adage of their joint expertise."

Castillo confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13 in relation to the appointments of Mr Eduardo Robaina and Mr Joel Logan.

For further information, please contact:  

About Castillo Copper  

Castillo Copper Limited is an Australian-based, Australian-focussed copper exploration Company with a strategy to develop multi-commodity assets that demonstrate future potential as an economic mining operation.

Through the application of disciplined and structured exploration and analysis, Castillo Copper has identified assets deemed core to the Company's sustained growth and is actively progressing these interests up the value curve.

Current focus will be on advancing exploration activity at the Company's wholly owned NWQ Project, situated in the copper-belt district approximately 150km north of Mt Isa in north-west Queensland.

Other interests include the Broken Hill Project in western New South Wales and the Cangai Copper Mine in north-east New South Wales, as well as exploration targets in Zambia.

Castillo Copper is listed on the LSE and ASX under the ticker "CCZ".