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Castile Resources Ltd (ASX:CST)

ALERT: Price-sensitive ASX Announcement for CST
Current share price for CST : $0.073 -0.057 (-43.85%)+
Announcement
Release
10 Feb 2026 9:42AM
Price at Release
$0.130
Full Release
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Summary
Castile Resources Ltd (ASX:CST) announced that it has successfully raised approximately A$8.4 million through a placement of 76.4 million fully paid ordinary shares at A$0.11 per share. This fundraise was supported by institutional, professional, and sophisticated investors. The funds will be used to fast-track the completion of the Rover 1 Bankable Feasibility Study by June 2026, commence exploration drilling on new targets in the Rover Mineral Field, and for general working capital and placement costs. The successful capital raise indicates strong support from existing shareholders and new investors, aligning with the company's strategic focus on developing the Rover 1 Project.
Key Points
  • Castile Resources Ltd raises A$8.4 million.
  • 76.4 million shares issued at A$0.11 per share.
  • Funds to complete Rover 1 Bankable Feasibility Study by June 2026.
  • Exploration drilling to begin in April 2026.
  • Placement supported by institutional and sophisticated investors.
  • Funds to aid general working capital and placement costs.
  • Strong response from existing and new investors.
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.