Castillo Copper shares rose on Monday after the company unveiled the most recent progress at its Picasso Lithium Project.
Castillo said it has verified assay results as part of of its initial due diligence on the project. The project was found to have multiple pegmatite outcroppings after a consultant visit to the site.
Castillo Copper shares rose over 1% on Monday following the announcement.
Simon Paull, Managing Director of Castillo Copper, commented: “Straight out of the gates, the preliminary due diligence has hit a high note at the Picasso Project, with multiple historical surface occurrences being confirmed and photographic evidence there is significant pegmatite outcropping with the potential to host lithium mineralisation. The Board is delighted with these initial findings and looks forward to receiving the assays results back from the laboratory.”