Article

Castile Resources (ASX:CST) has secured about $8.4 million through a placement to accelerate the Rover 1 project in the Northern Territory. The funding will primarily support the completion of the BFS by June 2026, which includes a pilot plant and geotechnical analysis.

Additionally, exploration drilling is set to begin in April 2026 on high-profile targets. The Rover 1 project, located 70 kilometers southwest of Tennant Creek, aims to produce gold doré, 99% copper, 99% cobalt, and high-grade 96.5% magnetite. Canaccord Genuity and Blue Ocean Equities are joint lead managers for the placement.