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Castile Resources Ltd (ASX:CST)

ALERT: Price-sensitive ASX Announcement for CST
Current share price for CST : $0.075 -0.013 (-14.77%)+
Announcement
Release
27 Apr 2026 5:12PM
Price at Release
$0.088
Full Release
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Summary
The quarterly report for Castile Resources Limited, ending 31 March 2026, highlights significant progress in the Rover 1 Bankable Feasibility Study (BFS), including pilot plant testing for gold, copper, bismuth, cobalt, and magnetite recovery. The company completed an $8.4 million equity placement and remains the only firm in the Tennant Creek region with substantial gold and copper reserves compliant with the JORC 2012 code. The report notes a cash position of $9.80 million, ensuring funding for BFS and exploration drilling. Exploration efforts target IOCG deposits, with a drill rig arriving in May for testing. Additionally, Castile engaged with potential financiers and partners at the InterBattery 2026 conference in Seoul, highlighting its downstream bismuth strategy amid global supply chain restructuring.
Key Points
  • Rover 1 Bankable Feasibility Study progress with pilot plant testing.
  • Completion of $8.4 million equity placement.
  • Maintained cash position of $9.80 million at quarter-end.
  • Focused exploration on IOCG targets with upcoming drilling.
  • Participation in InterBattery 2026 for critical minerals cooperation.
  • Castile's unique position in the Tennant Creek region with JORC-compliant reserves.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.