Castile Resources Advances Exploration and Updates Feasibility Study Amidst Rising Gold Prices

The latest update is out from Castile Resources Ltd ( (AU:CST) ).

Castile Resources Ltd has announced the commencement of drilling at its Pathfinder 38 site in April 2025, following the detection of a significant anomaly using Ambient Noise Tomography (ANT) technology. This innovative approach allows for cost-effective surveying of over 100 previously untested targets, enhancing the company’s exploration capabilities. Additionally, the company is updating its Bankable Feasibility Study (BFS) for the Rover 1 Project, with a focus on leveraging the current high gold prices for financial modeling. The Northern Territory Government has also awarded a co-funding grant for the Pathfinder 38 drilling, and environmental impact assessments are underway to facilitate fast-track approvals for the Rover 1 site operations.

More about Castile Resources Ltd

Castile Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include iron-oxide-copper-gold (IOCG) deposits, with significant projects such as the Rover 1 Project. The company is leveraging new technologies to explore and develop its mineral field potential.

YTD Price Performance: -10.0%

Average Trading Volume: 93,925

Technical Sentiment Signal: Buy

Current Market Cap: A$22.01M

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