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Castle Minerals Limited (ASX:CDT)

ALERT: Price-sensitive ASX Announcement for CDT
Current share price for CDT : $0.074 0.024 (48%)+
Announcement
Release
19 May 2026 10:06AM
Price at Release
$0.050
Full Release
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Summary
Castle Minerals Limited has secured an agreement to acquire a 90% interest in the Nielle Gold Project, located in Côte d'Ivoire, through a deal with Golden Arrow SARL. This acquisition places Castle strategically in a renowned gold belt, near other significant mines like Tongon, Sissingué, and Wahgnion. The Nielle project covers approximately 212 square kilometers and has shown promising high-grade gold finds in previous drilling activities. With existing tenements in Côte d'Ivoire, Castle aims to advance the Nielle site towards resource estimation and development, supported by a seasoned team with extensive West African experience. The company is also progressing with divesting its Ghanaian assets to focus on this expansion and is contemplating a name change to TerraNova Metals Limited.
Key Points
  • Castle to acquire 90% of Nielle Gold Project in Côte d'Ivoire.
  • Nielle is located in a prolific West African gold belt.
  • Nielle covers ~212km² and has shown high-grade gold mineralization.
  • Strategic acquisition near major gold mines like Tongon.
  • Castle's leadership has significant experience in West Africa.
  • Plans to divest Ghanaian assets to focus on Côte d'Ivoire.
  • Considering a name change to TerraNova Metals Limited.
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.