Castle Minerals (ASX:CDT) launches diamond core drilling at Kambale, Ghana

• Castle Minerals (CDT) launches a diamond core drilling program at its emerging flagship Kambale graphite project in Ghana
• The aim of the 370-metre program will be to retrieve samples for phase two test work, which will be used to produce a fine flake graphite concentrate suitable for use in the manufacture of electric vehicle battery anodes
• Following this, a 31-hole reverse circulation drilling program will aim to better define and infill high-grade zones
• This will then be used to support a maiden JORC 2012 mineral resource estimate which has been scheduled for the end of the first quarter of 2023
• Castle Minerals ends the day 4.55 per cent in the red to close at 2.1 cents

Castle Minerals (CDT) has launched a diamond core drilling program at its emerging flagship Kambale graphite project in Ghana.

The company said the aim of the 370-metre program is to retrieve samples for phase two test work.

The samples will then be used to assess the amenability of the graphitic schist to produce a fine flake graphite concentrate that can be sold for use in electric vehicle battery anode manufacturing.

Following this, a 31-hole, for 2460 metres, reverse circulation drilling program will aim to better define and infill high-grade zones.

This will then be used to support a maiden JORC 2012 mineral resource estimate which has been scheduled for the end of the first quarter of 2023.

Castle Managing Director Stephen Stone said the company is continuing to fast-track the emerging Kambale graphite project.

“We plan to have the core drilling and a follow-on 31-hole infill reverse circulation drilling completed by early-December and core samples in Perth ready to start phase two test work by Christmas,” Mr Stone said.

“So, just with Kambale alone there is a lot for Castle’s shareholders to look forward to in the near-term.”

Castle Minerals ended the day 4.55 per cent in the red to close at 2.1 cents.