Combined Annual Exploration Report Warumpi Project EL 6861, EL 6732, EL 10379 and EL 30306 year ending 10 September 2015

Abstract

During the reporting period Castile conducted multiple geophysics programs through EL 10379 focusing predominately on the Huron base metal prospect. Multiple heritage clearances over the region were conducted to enable geophysics crews to conduct on ground surveys and to advance the project to drill ready stage. These surveys have not only highlighted the structural complexity of the region and potential prospective lithology for follow-up work, but also multiple drill ready targets. With the approval of the Exploration Mine Management Plan, the Huron Prospect is ready to drill. However, issues highlighted by recent heritage clearances and on-going negotiations with Central Land Council and Traditional Owners have delayed the process.