Announcement Date: 2022-03-08
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Castile Resources Ltd.
Project name: Rover
Location: Australia
Commodities: Gold,Silver,Copper,Cobalt,Bismuth
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Castile Resources Limited (ASX:CST) (“Castile” or the “Company”) is pleased to announce that the new resource estimate for Rover 1 has been completed and has resulted in large increases to the indicated resources of the key value metals – gold, copper and by-product cobalt. The infill drilling program has been extremely successful in fulfilling its objective of defining a large set of robust indicated resources at Rover 1 that can feed directly into our mining studies and to Processing Design Engineers for the Pre-Feasibility Study. Rover 1 is now a substantial polymetallic orebody allowing Castile to complete designs on a mining plan and commission designs on the downstream processing facility that optimises recoveries and provide multiple revenue streams from the gold bullion, pure copper metal and a pure cobalt metal. Castile will also be able to participate in the “clean energy” and electric vehicle sector as the Company’s proposed products, copper and cobalt metal, can be supplied directly to end users in those industries. Castile recently announced outstanding downstream processing recovery rates for the key metals in the project which can be produced on site and sold directly to end user markets. (See ASX : CST 4 March 2022 “Outstanding Recoveries Of Gold, Copper And Cobalt At Rover 1”)
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