Castile Resources Successfully Completes Capital Raise

Castile Resources Limited (ASX: CST) announced a placement to raise approximately AU$ 4.1 million through the issue of about 63.7 million fully paid ordinary shares at an offer price of AU$ 0.065 per share. The placement received strong support from institutional, professional, and sophisticated investors, including key offshore cornerstone investors. Castile's Board of Directors also participated for AU$375,000, subject to shareholder approval at an Extraordinary General Meeting expected in late January 2025.

Funds raised will be used for drilling six exploration diamond drill holes into high-priority targets, conducting Ambient Noise Tomography surveys in the Rover Mineral Field, advancing the Rover 1 Project Bankable Feasibility Study, pilot plant testing, and covering general working capital and placement costs.

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