Castle Minerals Ltd · ASX:CDT
Castle Minerals — Shareholder Meeting (November 2024)
26 slides from Castle Minerals's shareholder meeting presentation, Nov 29, 2024
Slide 1: Pathway to 1.0Moz
Pathway to 1.0Moz ASX: CDT AGM – 29 November 2024 1
Slide 2: Disclaimer & Competent Person Statement
Disclaimer & Competent Person Statement Cautionary Statement: This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any j
Slide 3: Multiple Opportunities for Discovery & Investment Growth
Multiple Opportunities for Discovery & Investment Growth 100%, 2,686km2 strategic holding in Ghana’s emerging Upper West region. Extensive tracts of Birimian greenstones - host to majority of West Africa’s World-Class deposits. Major fertile regional-scale structures. 200,000oz1 Mineral Resources an
Slide 4: West Africa: Discovery Central
West Africa: Discovery Central 15 major discoveries (>2Moz) since 2012 for 67Moz Wa Gold Project at 1.5g/t Au. 37 operating gold mines. Majority built since 2010. Host to some of world’s largest gold mines: Newmont: Ahafo; Barrick: Loulo-Gounkoto; Kinross: Tasiast). Gold production increased
Slide 5: Management: Discovery Track Record
Management: Discovery Track Record • Castle’s Stephen Stone, as former MD of Azumah Resources Limited, grew the nearby Black Volta Gold Project from a minor prospect into a series of major, mainly non-outcropping discoveries now totaling: 2.80Moz Mineral Resources at 1.7g/t Au: and 1.37Moz Ore Reser
Slide 6: Kpali: A New West African Gold Camp?
Kpali: A New West African Gold Camp? • At convergence of two greenstone belts and three regional-scale structures individually associated with several major gold deposits: 30km of Batie West Shear, host to 3.3Moz Konkera deposit. 15km of Wa-Lawra shear zone / Jirapa Fault, host to 1.4Moz Kunche/
Slide 7: Kpali: Virgin Discovery
Kpali: Virgin Discovery First-pass and recent intercepts in this totally unexplored area include1: • 22m at 2.85g/t Au fm 87m incl. 17m at 3.40g/t Au fm 89m and 7m at 6.03g/t Au fm 90m (13SWRC049) • 10m at 2.84g/t Au fm 92m (13SWRC053) • 14m at 2.29g/t Au fm 98m incl. 5m at 4.53g/t Au fm 99m (13SWRC
Slide 8: Kpali: Long Section Highlights Resource Increase Opportunity
Kpali: Long Section Highlights Resource Increase Opportunity 600m Proposed drilling to focus on better defining and extending high-grade zones with objective of increasing Mineral Resource and global grade. * Refer ASX releases 2 July 2014, 17 Sept 2024 8
Slide 9: Our Peers: What May Lay Below
Our Peers: What May Lay Below……. Kunche Deposit Long Section (Azumah Resources Limited) Blaffo Guetto discovery long section (African Gold Limited) Kobada Deposit 2.2Moz @ 0.88g/t Au (Indic and Infer’d) (Toubani Resources Ltd)
Slide 10: Kpali East: Drilling Confirms Depth Component
Kpali East: Drilling Confirms Depth Component • RAB drilling (2014) intersected a new area of near-surface gold mineralisation 500m east of Kpali. • Intercepts overlie east side of Kpali granite. • Orientation and setting of the anomalous RAB intercepts is consistent with regional structural interpr
Slide 11: Bundi: Intriguing Au & Sulphides Association (VMS?)
Bundi: Intriguing Au & Sulphides Association (VMS?) • 2013 grass roots discovery (with intriguing sulphide association) defined to 1.4km strike by auger and RAB drilling. • Wa-Lawra/ Boromo belt hosts the Perkoa zinc deposit (6.3Mt at 14.5% Zn) where it extends north into Burkina Faso. • RC drilling
Slide 12: Kandia: +25km Prospective Contact Only Partially Evaluated
Kandia: +25km Prospective Contact Only Partially Evaluated • Prospective 25km Birimian greenstone – granite contact • Nine soil geochemical anomalies defined over 12km strike. • Three zones of artisanal workings over 6km. • Anomalism extends north onto Azumah (Black Volta Gold Project) tenure. • 15,
Slide 13: Baayiri: Under-Tested Drill Targets With Artisanal Workings
Baayiri: Under-Tested Drill Targets With Artisanal Workings • Mineralisation occurs in north-striking, steeply dipping alteration zone, 2m-10m true width, hosted in granodiorite. • Best results from initial RC drilling include (refer ASX releases 11 June 2011 and 13 September 2011): 5m at 6.64g/t
Slide 14: Pathway to 1.0Moz: Proposed Drilling
Pathway to 1.0Moz: Proposed Drilling Mult-phase RC drilling campaign over next 6 months to: Priority Target Holes Metres Objective • Increase resources at Kpali. • Increase resources at Kandia: and 1 Kpali 8 1,200 Extend high-grade ore shoots. • Extend and better delineate mineralisation at several
Slide 15: ESG & Social Licence to Operate
ESG & Social Licence to Operate • Castle’s Chairman, Stephen Stone, and key local team members have operated successful in the Wa region since 2006. They firmly believe in: • Acting respectfully, transparently, inclusively and constructively. • Honouring traditions, heritage and rural practices. • M
Slide 16: Ghana: Safe, Stable, Supportive Jurisdiction
Ghana: Safe, Stable, Supportive Jurisdiction Africa: 54 countries. Not all the same! Ghana: “Africa 101”. Stable, Westminster-based democratic jurisdiction with English judicial system. Africa’s premier gold producer: +4Moz/yr from mainly established international Tier-1 & 2 miners – Newmont,
Slide 17: Ghana: West Africa's Mining Hub
Ghana: West Africa’s Mining Hub Ghana 17
Slide 18: Kambale
rc KAMBALE GSRBRAAANTS
Slide 19: Kambale Graphite Project
Kambale Graphite Project Strategy: Establish self-funding status through partnerships and strategic investors “The Kambale Graphite Project is rapidly emerging as a credible entrant into the Critical Minerals supply chain to coincide with forecasts of a forecast deficit of natural fine flake graphit
Slide 20: Proposed Transformational MIIF Investment
Proposed Transformational MIIF Investment Non-binding indicative Term Sheet with Ghana’s US$500M sovereign Minerals Income Investment Fund to invest: • ~US$500,000 (~A$750,000) in Castle Minerals Limited • Right to appoint non-exec director to Castle Board • US$1,500,000 (~A$2,250,000) in Kambale Gr
Slide 21: The Opportunity: Supply Chain Bottlenecks
The Opportunity: Supply Chain Bottlenecks • EV battery anodes manufactured using natural fine flake +1.0Mt graphite or synthetic (Not larger flake sizes). • Kambale favourably almost entirely fine flake. • Only natural fine flake is forecast to move into deficit. • Battery “gigafactories” are much f
Slide 22: Large, High-Grade Resource to Underpin Long Life
Large, High-Grade Resource to Underpin Long Life Plan view of resource classification distribution • Grade: One of highest grade undeveloped African deposits. with RC drilling • Size: 1.9Mt contained graphite 1,2 Classification Contained Tonnes (kt) TGC % (5% TGC Cut-Off) TGC (kt) Indicated 9,556 84
Slide 23: Suitability For Li-ion Battery Manufacture Confirmed
Suitability For Li-ion Battery Manufacture Confirmed • 95.1% LOI bulk fine flake graphite concentrate produced using conventional grind-flotation circuit. • Successfully upgraded to 99.97% LOI purity following micronisation, spheronisation and purification. • No impurities of concern. • Purity excee
Slide 24: Corporate
Corporate Stephen Stone1,2 David Renner1 Executive Chairman Non-Executive Director - KGL (Corporate & Geology) (Operations & Corporate) Matthew Horgan George Asomoah Boadu Non-Executive Director Manager Geology (Engineering, Bus Dev & IR) James Guy Hector Nyinaku2 Non-Executive Director Non-Executiv
Slide 25: APPENDIX: Legacy WA Projects
APPENDIX: Legacy WA Projects Polelle & Wanganui (gold): • Polelle, 7km SE of operating Bluebird gold mine, Meekatharra (Westgold), hosts a mainly obscured and minimally explored greenstone belt whilst the Wanganui is prospective for down-plunge high-grade gold shoots. • Both farmed-out to Great Boul
Slide 26: Medaase!
Medaase! Stephen Stone, Executive Chairman stone@castleminerals.com admin@castleminerals.com Mb +61 (0) 418 804 564 or Ph +61 8 9322 7018 ASX: CDT 26
Castle Minerals — Shareholder Meeting (November 2024) on 6ix