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Castle Minerals Strengthens Position with Successful Drilling and Capital Raise

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Castle Minerals Strengthens Position with Successful Drilling and Capital Raise

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An announcement from Castle Minerals Limited ( (AU:CDT) ) is now available.

Castle Minerals Limited reported a busy March 2025 quarter, marked by a successful $3.1 million capital raise and share consolidation, enhancing its financial position and simplifying its capital structure. The company completed a promising RC drilling campaign at the Kpali Gold Project, revealing strong gold intercepts, and plans to continue exploration activities at both the Kpali and Kandia projects. These efforts are set against a backdrop of record-high gold prices, potentially positioning Castle as a significant player in the emerging gold district of northern Ghana.

More about Castle Minerals Limited

Castle Minerals Limited is an exploration company focused on gold and graphite projects in Ghana, West Africa. The company owns the Kpali and Kandia Gold Projects, located in Ghana’s Upper West Region, and the Kambale Graphite Project. These projects are situated in the Birimian geological terrane, known for hosting significant gold mines in West Africa.

YTD Price Performance: -3.33%

Average Trading Volume: 901,857

Technical Sentiment Signal: Buy

Current Market Cap: A$6.73M

See more insights into CDT stock on TipRanks’ Stock Analysis page.

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