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Castile Resources Ltd (ASX:CST)

ALERT: Price-sensitive ASX Announcement for CST
Current share price for CST : $0.065 -0.008 (-10.96%)+
Announcement
Release
30 Jul 2026 8:30AM
Price at Release
$0.073
Full Release
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Summary
Castile Resources Ltd's quarterly activities report for the period ending 30 June 2026 highlights significant progress on the Rover 1 Project, a multi-metal deposit in Tennant Creek, Northern Territory. The company is preparing for a bankable feasibility study with an updated Pre-Feasibility Study and Scoping Study that includes bismuth production. With a cash position of $9.37 million, Castile is well-funded for upcoming development and exploration activities. The company remains the only entity in the region with published gold and copper Ore Reserves in compliance with the JORC Code 2012. Castile continues to engage with financiers and potential partners, while also participating in corporate and government relations activities to support the project's advancement.
Key Points
  • Castile Resources Ltd's Rover 1 Project is progressing with an updated Pre-Feasibility Study and a Scoping Study to include bismuth production.
  • The Rover 1 Project is a multi-metal IOCG deposit located in Tennant Creek, Northern Territory, focusing on gold, copper, bismuth, cobalt, and magnetite.
  • The company plans a staged development approach, initially selling concentrates from site while developing a refining plant at the MASDP.
  • Castile has a cash position of approximately $9.37 million as of 30 June 2026, with sufficient funding to complete BFS and planned exploration activities.
  • Castile remains the only company in the Tennant Creek region with published gold and copper Ore Reserves according to the JORC Code 2012.
  • Engagement with financiers and potential partners continues in preparation for formal funding negotiations for the Rover 1 Project.
  • Exploration activities include drilling, seismic surveys, and magnetic surveys to support resource delineation and project development.
  • Operational activities are supported by ongoing environmental impact assessments and pilot plant testing.
  • Castile participated in corporate activities, including presenting at the NT Investment Summit and engaging with international stakeholders.
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.