Castillo Copper Limited , a base metal explorer primarily focused on copper across Australia and Zambia, is delighted to announce that Mr Ged Hall (non-executive director based in London) has been promoted to Chairman and current CEO, Dr Dennis Jensen, 60, has been promoted to Managing Director and will join the Board of Castillo with effect from 1 April 2022. Dr Jensen’s remuneration remains unchanged (refer to announcement dated 28 January 2022 for details).
These promotions follow on from the retirement of long-standing Chairman, Mr Rob Scott, with effect from 31 March 2022. During his time with Castillo, Mr Scott has overseen the successful expansion of the asset portfolio, notably the move into Zambia, several drilling campaigns and secondary listing on the London Stock Exchange. Mr Scott leaves the Company in a strong position, well-funded and with an excellent portfolio with significant exploration potential.
As the Board was keen to ensure a seamless handover from Mr Scott, the decision was taken to keep the current management team intact to ensure ongoing continuity.
Moving forward, the Board has an ambitious agenda to focus on developing the BHA Cobalt and NWQ Copper Projects, while concurrently seeking to bring in strategic partners for the Zambia assets and Cangai Copper Mine.
Ged Hall, Castillo Copper’s incoming Chairman, commented: “Castillo Copper has an excellent suite of assets which we are determined to create value from moving forward. Our current primary focus areas remain on developing the cobalt potential in Broken Hill and copper in the Mt Isa region. We are now actively looking for strategic partners to develop our Zambia assets and Cangai Copper Mine. With the appointment of Dennis to the Board, we have a strong team to achieve the Board’s strategic goals. Finally, I’d like to thank Rob for his strong leadership over the past few years and wish him all the very best with retirement.”