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- Castle Minerals (CDT) applies for two more exploration licences in the Earaheedy Basin of Western Australia
- These tenements make up the Tableland Project which sits in the southeast margin of the Earaheedy Basin
- Castle has applied for several exploration licences in the region where companies such as Rumble Resources (RTR) are exploring for base metals
- Should the Tableland licences be approved, Castle’s total footprint in the Earaheedy Basin will increase to 870.5 square kilometres
- Company shares are trading flat at 1.3 cents at 1:48 pm AEST
Castle Minerals (CDT) has applied for two more exploration licences in the Earaheedy Basin of Western Australia.
These tenements cover a combined seven square kilometre area that makes up the Tableland Project.
Castle is steadily growing its footprint in the underexplored but potentially prospective Earaheedy Basin. As part of this, the company recently applied for the Terra Rosa, Marymia and Withnell tenements, which are also in the basin.
Managing Director Stephen Stone commented on the licence applications.
“Castle’s new Tableland project in the southeast margin of the Earaheedy Basin is an excellent addition to its holdings in this fast emerging region where several companies, including Rumble Resources, are actively exploring for base metals in the basin’s northwest margins,” Mr Stone said.
“There has been little to no exploration for base metals at Tableland so any discovery there will have profound implications for the prospectivity of the whole of the region.”
Regional aeromagnetic data has indicated a series of northsouth and northwest trending structures traversing the Tableland exploration licences.
The company is reviewing and reprocessing the data ahead of an initial reconnaissance exploration program which will be conducted alongside work at the Withnell and Terra Rosa tenements.
Should the Tableland licences be approved, Castle’s total footprint in the Earaheedy Basin will be increased to 870.5 square kilometres.
Company shares were trading flat at 1.3 cents at 1:48 pm AEST.
