Concerns about the health of the Mann and Clarence
rivers have been raised by community members following explorations by Castillo Copper at
Cangai, near the historic copper mine….
It’s the high grade of
the finding that has some community members concerned, with the prospect of a
mine opening in the area becoming more likely.
At a meeting attended by
about 20 people, NSW Parliament Greens candidate for the Clarence Greg Clancy
and John Edwards from the Clarence Valley Environment Centre explained their
concerns with mining so close to the river.
After having trouble
getting in contact with Castillo through its website, Mr Edwards took
his inquiries about the exploration to the mining regulator.
“I got an email from
their managing director … and he said they were just out there doing some
investigation and it wasn’t very much to worry about,” he said.
But this has not eased
his concerns about the future of the Clarence Valley’s rivers.
“It would be good to get
out there and see what they are actually doing,” he said.
“They’ve been talking up
their exploration finds to date … maybe that is to just get investors’ money,
but it’s certainly in a bad position where the river is and where all this
siltation and run-off and toxic crap that runs off when they mine copper,
silver...
“It’s not going to be
easy for them when they are at the top of a hill overlooking a river.”
Mr Clancy said the group
would need to get more information so they could understand exactly how the ore
would be mined.
“There is loss of
vegetation and threatened species on the hill. This is going to be an open cut
mine … and the water table may not be up there, but once they’ve got an open
cut mine it will gather water and they have to use water in the process to get
the minerals out.
“They will be creating
their own artificial ponds and we would have to explore this further, but I
know with (extracting) gold they use arsenic.
“There are a whole range
of chemicals they could be using. Whatever projections they are supposed to
use, they often don’t work.”
The group is planning to
do more research and attempt to make contact with the company before they hold
another meeting in one month’s time at the Grafton library.
[my yellow bolding]
EL 8625 (1992) 17-Jul-2017 17-Jul-2020 35
UNITS About 43 km WNW of GRAFTON TOTAL
MINERALS PTY LTD est. at 155 km2
EL 8635 (1992) 21-Aug-2017 21-Aug-2020 52
UNITS About 41 km WNW of GRAFTON TOTAL
IRON PTY LTD
EL 8601 (1992) 21-Jun-2017 21-Jun 2020 51
UNITS About 38 km SE of DRAKE QUEENSLAND COMMODITIES PTY LTD.
Castillo Copper is not characterising its activities on these leases as "just doing some investigation".
* “Road to fast-track
production taking shape”
* “Preliminary
metallurgical test-work on samples from the two McDonough’s stockpiles, along
the line of lode, has demonstrated the ore can be beneficiated materially….. Discussions
continue with prospective off-take partners interested in processing ore as
relevant information comes to hand …. Meanwhile, the geology team have
approached the regulator for guidance on the optimal way forward to remove the
stockpiles from site and capture the economic benefits”
* “…they are an asset and
could potentially generate early cashflow”
* “The clear options are
third party processing locally or a direct shipping ore product once regulatory
clearance is secured”.
Castillo Copper Limited images
So who are the people behind Castillo Copper Limited?
Well, the board is composed of:
Peter Francis Meagher, company director since 2 February 2018, from East Freemantle, West Australia - position Chairman;
Peter Smith, on the board as but not officially listed as a director of Castillo Copper Limited - position Non-Executive Director; and
Alan David Stephen Armstrong, company director since 1 August 2017, from Canning Vale West Australia - position Executive Director.
Listed company director who is not included at https://www.castillocopper.com/board/ is:
Neil Armstrong Hutchinson. company director since 1 August 2017, from Double View, Western Australia - position previously reported to be Technical Executive Director at Castillo Copper Limited since August 1, 2017. by Bloomberg.
NOTE; All three listed company directors appear to be shareholders in this miming company.
Castillo Copper Limited's Top 20 shareholders as of 20 September 2017 were: