Castle Minerals (ASX:CDT) begins EM study at Kambale – The Market Herald

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  • Castle Minerals (CDT) begins an electromagnetic ground geophysical survey at the Kambale graphite deposit in Ghana
  • The Horizontal Loop Electromagnetic Survey (HLEM) will take approximately two weeks and aims to define and expand Kambale
  • The results of the survey will allow Castle to better describe and estimate the extent of the deposit and will help plan drilling to identify areas of the best quality material.
  • Castle last traded at 5.5 cents per share

Castle Minerals (CDT) has begun an electromagnetic ground geophysical survey of the Kambale graphite deposit in Ghana.

The Horizontal Loop Electromagnetic Survey (HLEM) will take approximately two weeks and is aimed at defining and extending Kambale.

The results of the survey will allow Castle to better describe and estimate the extent of the deposit and will help plan drilling to identify areas of the best quality material.

Preliminary testwork in 2021 on near-surface weathered graphitic shales yielded fine flake graphite concentrate grades of up to 96.4% and recoveries of 88%.

Notably, Kambale is the only known significant graphite deposit in Ghana and West Africa.

“The start of this high-resolution ground HLEM survey of the Kambale Graphite Project in northern Ghana heralds the next phase in Castle’s quest to determine its commercial credentials,” said Managing Director Stephen Stone.

“Nearly all of the traditional graphite market sectors and the emerging electric vehicle sector are seeing strong growth and looming concentrate supply constraints, so we are understandably very keen to accelerate Kambale.”

Just before the market opened for the week, Castle was last trading at 5.5 cents per share.

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