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Castle Minerals Limited (ASX:CDT)

ALERT: Price-sensitive ASX Announcement for CDT
Current share price for CDT : $0.073 -0.003 (-3.95%)+
Announcement
Release
23 Jun 2026 8:18AM
Price at Release
$0.076
Full Release
download
Summary
Castle Minerals Limited has received a comprehensive historical exploration dataset worth over US$3 million for the Nielle Gold Project in Côte d'Ivoire. This dataset includes 40 RC drill holes, air core drilling, geological mapping, and geochemical sampling, among others, and covers a 4.5km gold trend. The data will expedite the definition of drill targets, reducing the time needed to progress to drill testing upon obtaining the exploration license. With the appointment of experienced geologist George Michaelides as Exploration Manager, who brings direct knowledge of Nielle's geology, Castle aims to conduct a technical assessment and advance towards a maiden drilling campaign. The company plans to review and validate historical datasets, conduct geological interpretations, and generate drill targets, leveraging the Birimian greenstone belt's potential for significant gold deposits.
Key Points
  • Complete historical exploration dataset received for Nielle Gold Project.
  • Dataset valued at over US$3 million, includes extensive drilling and sampling data.
  • Covers a 4.5km gold trend with identified high-grade gold mineralization.
  • George Michaelides appointed as Exploration Manager to fast-track drill target definition.
  • Plans for a technical assessment and maiden drilling campaign upon license grant.
  • Located in a geologically significant region with proximity to major gold deposits.
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.