Castle jumps on graphite resource

SHARES in Castle Minerals have soared more than 20% in afternoon trade after the company released a maiden resource for its Kambale graphite deposit in Ghana, just months after drilling began.

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The project resource totals 14.4 million tonnes grading 7.2% carbon for a contained 1.03Mt of graphite, using a 5% cut-off grade.

It consists of 3.4Mt grading 7.1% oxide and 11Mt grading 7.

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