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Castle Minerals Limited (ASX:CDT)

ALERT: Price-sensitive ASX Announcement for CDT
Current share price for CDT : $0.070 0.013 (22.81%)+
Announcement
Release
31 Oct 2025 12:37PM
Price at Release
$0.057
Full Release
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Summary
Castle Minerals Limited (ASX: CDT) reported its quarterly activities and cash flow for the period ending 30 September 2025. The company focused on expanding its West African gold exploration projects, specifically by acquiring a 100% interest in Mineralis Ltd, which grants rights to earn up to 90% on seven permits along the Côte d'Ivoire-Ghana border. During the quarter, Castle executed soil sampling programs in Côte d'Ivoire and conducted drilling at its Ghanaian projects, Bundi and Kandia, which revealed promising gold mineralization. The company raised $1.7 million through equity issues, resulting in cash reserves of A$2.7 million at the end of the quarter. Overall, the activities aimed to advance exploration and strengthen the company's presence in West Africa, supported by an improved board and management team.
Key Points
  • Castle acquired 100% interest in Mineralis Ltd for rights over seven permits in Côte d'Ivoire.
  • Conducted 981 soil samples at the Ebony permit in Côte d'Ivoire for gold exploration.
  • Strong gold findings at Bundi with infill drilling showing >1.0 g/t Au.
  • Completed target-defining auger programs at Kandia; ongoing at Kpali.
  • Raised $1.7 million from equity issues, cash at 30 September 2025 was A$2.7M.
  • Planned further soil sampling and permitting progress in Côte d'Ivoire.
  • Focus on down-plunge step-outs and infill around significant gold intercepts.
  • Strengthened board with new appointments to drive West African strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.