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Castillo Copper Limited - Demarcation point

Castillo Copper (ASX:CCZ) is a metal explorer primarily focussed on Copper, Zinc, Cobalt, and Nickel. The bulk of Castillo’s assets are in Eastern Australia, comprising 4 tenure groups in Queensland and New South Wales (NSW). The flagship project consists of three prospects at Jackaderry in NSW which are highly prospective for Copper-Cobalt-Zinc.
Castillo Copper Limited - Demarcation point

The Jackaderry project is highly differentiated compared with other copper plays in Australia or globally, owing to the unusually high grade of ore being identified. In this report we examine the substantial economic benefits associated with higher ore grades.

Full report is available via Capital Network website
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Castillo Copper Ltd Timeline

Related Researches

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April 17 2019


  • New image and impetus from an overhauled management team
  • Company is refocused on African projects
  • Earning in on projects in Cameroon - a relatively new frontier
  • Potential revenue streams from legacy Turkish project portfolio
  • A major as a joint venture (JV) partner in Senegal in the form of IAMGOLD
  • Africa is again being seen by investors as the most prospective and least explored territory in the mining universe
  • Cash stood around £1.3mln at the end of December, with another £0.5mln due in from the taxman in the near future


This company may be familiar to many investors under its previous guise as Stratex International, when its focus was as a hybrid developer/project generator, with a strong bias towards Turkey.


Now Oriole Resources PLC is primarily an exploration company, operating in Africa and Europe but with some legacy exposure through investment in, and royalties on, the projects it incubated in Turkey since its listing in 2006.


Oriole is focused on early-stage gold exploration in Cameroon and the more advanced Dalafin gold project in Senegal, where Iamgold has the option to spend US$8mln to earn a 70% interest.


It also has residual interests and royalties in projects in Africa and Turkey that it anticipates will generate cash flow (and capital gains) in the future.

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February 27 2019

Synnovia (LON:SYN) released a trading update on 19 February, confirming that trading in the full year (FY) to 31 March is broadly in line with expectations. We continue to forecast growth in revenue and earnings; however, we are lowering our FY earnings per share (EPS) forecast from 11.9p to 10.4p to reflect a slower increase in profit margins due to operating issues in the Films division.

Both the Films division and the Industrials division continue to deliver organic growth, and we believe the group is well positioned for growth in FY March 2020. Some details of the divisional dynamics are included on p2.

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July 02 2018

Plastics Capital PLC (LON:PLA) has reported a strong set of results for the financial year ended March 2018. Revenues of £76.7mln and earnings per share (EPS) of 9.5p are both slightly ahead of our forecast, which was last updated at the time of the detailed Plastics Capital trading update on May 2.

The most important headline metric, in our view, is the organic (like-for-like) revenue growth of 13.0%, which reflects a strategy shift undertaken last year to focus more on top-line growth.

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