Castle Minerals (ASX:CDT) has confirmed it retains full ownership of its Polelle and Wanganui Gold Projects, covering a combined 163km2 in the highly prospective Meekatharra goldfields of Western Australia.
The projects were previously under an option agreement with Great Boulder Resources (ASX:GBR), which expired on 30 November 2025 and has not been renewed, reflecting significant changes in regional dynamics and Castle’s strategic priorities.
Located near multiple operating and past-producing gold mines, both projects offer strong strategic value due to existing infrastructure and potential for regional consolidation.
Historical exploration at Wanganui has demonstrated notable gold mineralisation, with reverse circulation drilling returning high-grade intercepts including 3 m at 18.66 g/t Au from 62 m and 8 m at 4.10 g/t Au from 66m.
Castle has initiated a strategic review of the Polelle and Wanganui projects to determine the most effective approach for value creation, leveraging their highly prospective tenure and proximity to GBR’s Side Well 1 Moz gold resource.
Castle's retention of full ownership of these strategically located gold projects underscores its focus on leveraging high-potential assets in one of Western Australia’s most prolific gold regions.
At the time of reporting, Castle Minerals' share price was $0.066.