Castillo Copper about to embark on aggressive Mt Oxide exploration amidst strong copper market

Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR) is set to begin its aggressive 2021 exploration program at Mt Oxide Copper Project in northwest Queensland coinciding with a "massive global transformation" in the copper market.

Green stimulus programs at a global level together with electric vehicles rapidly gaining traction have propelled copper prices to 10-year-highs due to fears of forward supply deficits.

This provides great encouragement for Castillo Copper which is advancing along the path to becoming a mid-tier copper group.*Upcoming Mt Oxide work*

Managing director Simon Paull reflects the optimism in describing the upcoming work at Mt Oxide.

"Over the past few months CCZ's geology and corporate teams have been working tirelessly behind the scenes on two fronts - the next phase of exploration for the flagship Mt Oxide Project and identifying prospective strategic partners to develop our Zambia and New South Wales assets.

"With the wet season in northwest Queensland now largely over, we have received approval from the landowner to recommence exploration activities at the Mt Oxide Project."