Castle Minerals Limited completed 52 RC holes for 5,353m at its Kambale graphite project, Ghana with six holes added to the program in response to excellent looking graphitic schist encountered in new areas and along trend from previously drilled zones. The program was designed primarily to expand the footprint of the deposit and to better understand those areas outside of the known Inferred Resource of 14.5Mt at 7.2% C (graphitic carbon) for 1.04Mt contained graphite. An additional aim was to investigate the continuity of higher grade zones that will be the focus of HQ diamond core drilling in Fourth Quarter to obtain samples for Phase 2 test work on fresh, un-weathered material.

Most of the RC drill hole locations were guided by a recently completed ground HLEM geophysical survey that identified numerous conductive plates many of which correlate well with known areas of graphitic schist but with several having no drill holes nearby. First assay results are expected to be received from Intertek laboratory, Perth, in September. Numerous drill hole chip samples were also collected for petrological examination to better understand the mineralogy of the deposit and any implications this may have for processing and purification.

Most of the intersected graphitic zones are within shears within a granodiorite host. Proposed HQ diamond core drilling will commence as soon as possible and most likely in late October /early-November after the assay results and petrological work have been evaluated and subject to the cessation of seasonal rains and local crop harvesting. The field team is also undertaking a broad reconnaissance of the Kambale region to evaluate for additional graphite occurrences.