Maiden Resource Confirms Kambale as One of Worlds Largest Graphite Deposits

Dear MvM Commodity Group

Castle Minerals Limited (ASX:CDT) is pleased to announce a maiden resource estimate for its Kambale Graphite Deposit.
 
Highlights:
 

• Maiden Resource for Kambale of 14.4mt @ 7.2% C (graphitic carbon) for 1.03mt contained graphite.
  
  Includes 6.0mt @ 8.6% C for 0.52mt contained graphite

• Ranks as one of the largest global graphite deposits

• Metallurgical test work reports up to 69% of total contained graphite reporting in fine to coarse flake sizings

• Resource outcrops at surface with 90% of resource less than 100m

• Resource consists of 3.4mt @ 7.1% C of oxide and 11.0mt @ 7.2% C primary

• Drilling tested only the first 1 km of strike of the western zone with the strike extensions and the eastern zone still to be drilled.  Extensional drilling is underway

Maiden Resource Confirms Kambale as One of Worlds Largest Graphite Deposits