Castle Minerals Limited (ASX: CDT) ('Castle', 'the Company'), advises that a recently completed field validating and rock chip sampling programme has not fully explained the origin of several lithium soil anomalies identified by a recent soil sampling campaign at its Woodcutters Lithium Project which lies between the Bald Hill lithium mine, operated by Alita Resources Limited, and the Buldania lithium deposit owned by Liontown Resources Limited ('Woodcutters Project' or 'Project')(Fig 1).
Work and sampling spanned a 30km2 region and focussed on field checking several recently outlined priority soil anomalies and locating and sampling outcropping pegmatites historically mapped by the GSWA1,2. A max value of 119.9ppm lithium was obtained from an exposed pegmatite in the vicinity of a Priority 1 soil anomaly but no other pegmatite exposures were identified or able to be sampled to support this as there is considerable obscuring soil cover. No other pegmatites were observed in the vicinity of any of the Priority 2 anomalies.
A majority of the historically identified GSWA mapped pegmatites, which are not associated with any recently defined priority soil anomalies, were successfully located and sampled. These rock chip samples were also assayed for lithium and associated LCT suite elements (i.e. caesium, tantalum). None returned any anomalism. Overall, these latest results from Woodcutters are consistent with what would be expected in a zoned pegmatite field, with little to no fractionation of LCT pegmatites within the granitic host itself transitioning to increased fractionation in the surrounding rocks occurring more distal to the intrusive centre i.e. the areas of priority soil anomalism. Whilst generally inconclusive, there is some positivity to be extracted as there is now a guide for the next stage of assessment to vector towards what could be a more prospective region within Castle's 482km2 licence area of which only a very minor part has been assessed. The prospectivity for buried lithium bearing pegmatites remains, especially given that the areas of anomalism occur within the same structural trend as the Alita Resources Ltd owned Bald Hill lithium-tantalum mine, 25km to the northwest.' The next phase of exploration would most likely comprise the use of geophysical techniques such as ground radar, passive seismic and various hyperspectral remote sensing methods along with further mapping, infill soil sampling and follow-up drilling where warranted
Contact:
Tel: +61 (0)418 804 564
Email: stone@castleminerals.com
About Castle Minerals Limited
Castle Minerals Limited is an Australian Securities Exchange (ASX: CDT) listed and Perth, Western Australia headquartered company with interests in several projects in Western Australia and Ghana that are prospective for Battery Metals (lithium and graphite), base metals (zinc, lead and copper) and gold. The Earaheedy Basin project comprises the Withnell, Terra Rossa and Tableland sub-projects with the Withnell licence strategically located adjacent to the evolving World-Class ChinookMagazine zinc-lead project of Rumble Resources Ltd (ASX: RTR) and north of the Strickland Metals Limited (ASX: STK) Iroquois prospect. The Terra Rossa licences have additional prospectivity for copper. The Beasley Creek project is prospective for gold and lithium and lies on the northern flanks of the Rocklea Dome in the southern Pilbara. The Success Dome project lies in the Ashburton structural corridor midway between the Paulsen's and Ashburton gold deposits and is prospective for gold and base metals. The Polelle project, 7km southeast of the operating Bluebird gold mine near Meekatharra, hosts a mainly obscured and minimally explored greenstone belt prospective for gold and possibly base metals whilst the Wanganui project is prospective for down-plunge high-grade gold shoots. The Wilgee Springs project, along strike from and within the same metamorphic belt as the world-class Greenbushes lithium mine 25km to the south, is prospective for spodumene bearing pegmatites as is the Woodcutters project, 25km south east of the Bald Hill lithium mine and 25km north west of the Buldania lithium deposit. The Woomba Well project will also be evaluated for lithium bearing pegmatites.
The Great Southern Graphite project comprises granted licences encompassing the historical Kendenup graphite workings and the adjacent Martagallup graphite occurrences and one application covering a graphite occurrence at Mt. Barrow. In Ghana, West Africa, Castle's substantial and contiguous tenure position in the country's Upper West region encompasses large tracts of highly prospective Birimian geological terrane, the host to many of West Africa's and Ghana's multi-million-ounce gold mines. The emerging flagship Kambale Graphite Project lies within the Ghana tenure. Castle retains a 4% net smelter precious metal royalty over the Julie West licence, a key component of Azumah Resources Limited's Wa Gold Project, Upper West region, Ghana
Forward Looking Statement
Statements regarding Castle's plans, forecasts and projections with respect to its mineral properties and programmes are forward-looking statements. There can be no assurance that Castle's plans for development of its mineral properties will proceed. There can be no assurance that Castle will be able to confirm the presence of Mineral Resources or Ore Reserves, that any mineralisation will prove to be economic or that a mine will be successfully developed on any of Castle's mineral properties. The performance of Castle may be influenced by a number of factors which are outside the control of the Company, its Directors, staff or contractors.
Competent Persons Statements
The scientific and technical information in this Report that relates to the geology of the deposits and exploration results is based on information compiled by Mr Stephen Stone, who is Managing Director of Castle Minerals Limited. Mr Stone is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Stone is the Qualified Person overseeing Castle's exploration projects and has reviewed and approved the disclosure of all scientific or technical information contained in this announcement that relates to the geology of the deposits and exploration.
CASTLE MINERALS LIMITED 
