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Castle Minerals Limited (ASX:CDT)

ALERT: Price-sensitive ASX Announcement for CDT
Current share price for CDT : $0.080 0.008 (11.11%)+
Announcement
Release
31 Jul 2026 9:23AM
Price at Release
$0.072
Full Release
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Summary
Castle Minerals Limited, trading under ASX: CDT, released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ending 30 June 2026. The company reported a strong cash position of A$1.616 million, with significant exploration activities focused on the Nielle Gold Project in Côte d'Ivoire and the Meeka South Gold Project in Western Australia. Notable achievements include the acquisition of the Nielle Project, which promises further expansion potential and a proposed rebranding to TerraNova Metals Limited to align with its strategic focus. The company’s exploration expenditure amounted to A$285,000, while payments to related parties totaled A$67,000. Castle continues to optimize its portfolio, with intentions to divest its Ghanaian assets to concentrate efforts on priority regions.
Key Points
  • Strong cash position of A$1.616 million as of 30 June 2026.
  • Acquisition of the Nielle Gold Project in Côte d'Ivoire.
  • Proposed rebranding to TerraNova Metals Limited.
  • Exploration expenditure of A$285,000 in the quarter.
  • Payments of A$67,000 made to related parties.
  • Focus on Meeka South Gold Project in Western Australia.
  • Intention to divest Ghanaian assets for strategic focus.
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.