Castle Minerals director granted 1,000,000 performance rights

Castle Minerals Limited ( (AU:CDT) ) just unveiled an announcement.

Castle Minerals Limited is an ASX-listed mineral exploration company focused on exploring and developing mineral assets. The company operates in the mining/exploration sector and raises capital and allocates incentives to its board and management through equity-based remuneration.

The release advises that director Andrew Grove, through RockFrog Holdings Pty Ltd as trustee for RockFrog Trust No 1, was issued 1,000,000 Performance Rights (Class D) on 16 December 2025 that expire on 16 December 2028. The performance rights were issued in lieu of director fees and carry an estimated valuation of $44,100. No securities were disposed of, no changes to contractual interests were reported, and the interests were not traded during a closed period. This issuance modestly increases director-aligned equity exposure and signals continued use of equity incentives to conserve cash and align management with long-term performance milestones.

More about Castle Minerals Limited

Average Trading Volume: 629,570

Technical Sentiment Signal: Sell

Current Market Cap: A$10.4M

See more data about CDT stock on TipRanks’ Stock Analysis page.