Castile Resources (ASX:CST) Recommendation: STRONG BUY+++ This...

Castile Resources (ASX:CST) Recommendation: STRONG BUY+++

This is the most exciting Junior Gold Explorer/Miner on the ASX today with one of the most spectacular High Grade Gold Copper Deposits found anywhere in the world (see pic). Summary below. Definitely worth your time to investigate this company in great depth and form your own conclusion.

1. Complete summary presentation by MD, Mark Hepburn here https://www.youtube.com/watch?v=SAyesfshjcE&t=478s

2. ASX investor presentation https://www.asx.com.au/asxpdf/20200422/pdf/44h4l728tdtrkn.pdf

3. Spun off from Westgold non-core assets in to a new independent company, backed by highly successful and reputable mining entrepreneur and current Westgold Exec Director, Peter Cook, who underwrote the IPO with $5m of his own funds and maintains a 5.21%($1m+) stake in Castile. He also has worked on ROVER 1 for the last 10years and has intimate knowledge of this amazing discovery.

4. MD Mark Hepburn purchased on Market shares worth $48000+

5. Gold inercepts as high as 7m@ 125.93 g/t AU & 21m @ 6.86% Cu (one of the highest ever found globally) at ROVER 1 Project.

6. $18m Cash At Bank approx. 3years worth

7. PFS on Rover 1 currenlty underway and FID due by end of 2020

8. 10years worth of drilling has gone into Rover 1 and it is Development ready.

9. Current Mineral resource at Rover 1 High Grade Gold Core 1.32Mt @7g/t +300,000Oz Au and High grade Copper core 3.56Mt @1.76% for 63,000 T CU. Giving approx. 6-7 year mine life, with expectation of extending out to 10years+ with further drilling.

10. Rover 1 has multiple, highly prospective, surrounding targets already identified and drilled, namely, Western Zone, Jupiter Zone, Jupiter Deeps Zone (see presentation) with aim to greatly increase resource at Rover 1.

11. Ganymede Target-Huge target potential likely to add years to mine life. https://www.asx.com.au/asxpdf/20200422/pdf/44h4l728tdtrkn.pdf see pg 12

12. Multiple other resources to explore.

13. Very strong institutional and management support see Top 20 Holders

Castile listed on the ASX at a 30% premium to its list price 0f 0.20c on the 14^th Feb 2020, the only reason the price dropped was due to delays caused by COVID-19 and lack of access as the NT Govt blocked border access. The NT Govt has announced that their borders will reopen on the 17^th July 2020 and as a result the CST share price has recovered strongly with high volumes and strong price growth.

There is a lot of upside with the increasing Gold price and further resource upgrade as well as the completion of the PFS & FID studies.

Target Price $1.80 ($360 MC) by March 2021 & $4 by 2023.

STRONG BUY RECOMMENDATION