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Castle Minerals Limited ( (AU:CDT) ) has shared an announcement.
Castle Minerals Limited has made significant strides in expanding its operations in West Africa, particularly with the acquisition of Mineralis Ltd, which grants it rights to earn up to 90% across seven permits on the Côte d’Ivoire–Ghana border. This strategic move is supported by a $3.3 million placement and aims to enhance Castle’s exploration capabilities in the region. In Ghana, Castle’s drilling results at Bundi and Kandia have shown promising continuity and depth potential, with mineralized zones thickening at depth. The company has also strengthened its board and management team to support its West African strategy, positioning itself for further growth and development in the gold mining sector.
More about Castle Minerals Limited
Castle Minerals Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company has a significant presence in West Africa, particularly in Ghana and Côte d’Ivoire, where it is involved in various drilling and exploration projects to discover and develop gold resources.
Average Trading Volume: 669,384
Technical Sentiment Signal: Sell
Current Market Cap: A$10.28M
See more data about CDT stock on TipRanks’ Stock Analysis page.