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Castillo Copper Ltd - copper exploration company, with projects in Australia and Zambia - Says it is moving forward with an 85% acquisition of the Harts Range niobium, uranium and heavy rare earths project, via an earn-in arrangement. Historical assays from 28 rock chip samples reported grades up to 23% niobium, 13% uranium and 13% heavy rare earth elements. Chair Ged Hall says: ‘Recognising the excellent exploration potential the Harts Range niobium, uranium and heavy rare earths project delivers, the board has moved swiftly to close out this transformational transaction and increase the footprint within the region. The board is now working closely with the geology team to expedite ramping up the development campaign. Concurrently, the board’s strategy to create value from non-core asset disposals is making solid progress: CCZ has exited its Rimfire Pacific Mining equity position and is working on closing the Cangai Copper Mine sale to ASX listed Infinity Mining.’ Current stock price: 0.37 pence 12-month change: up 8.2% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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