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Castle Minerals Limited
(Sydney:CDT)
Castle Minerals Limited (CDT) vs. iShares MSCI Australia ETF (EWA)
Castle Minerals Limited Business Overview & Revenue Model
Castle Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 64.11K | 30.42K | 409.00 | ― |
| Gross Profit | -6.21K | -6.21K | 64.11K | -19.98K | -28.19K | -1.52K |
| EBITDA | -3.67M | -3.66M | -2.86M | -5.57M | -2.13M | -2.06M |
| Net Income | -3.67M | -3.67M | -2.88M | -5.62M | -2.16M | -1.99M |
Balance Sheet | ||||||
| Total Assets | 2.60M | 2.60M | 1.11M | 2.88M | 4.98M | 1.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.50M | 2.50M | 1.02M | 2.70M | 4.76M | 1.80M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 20.55K | 0.00 |
| Total Liabilities | 1.23M | 1.23M | 595.62K | 846.53K | 228.72K | 198.17K |
| Stockholders Equity | 1.37M | 1.37M | 510.72K | 2.03M | 4.75M | 1.67M |
Cash Flow | ||||||
| Free Cash Flow | -2.83M | -2.83M | -3.01M | -4.40M | -2.35M | -1.94M |
| Operating Cash Flow | -2.83M | -2.83M | -3.01M | -4.40M | -2.22M | -1.94M |
| Investing Cash Flow | 35.22K | 35.22K | 2.11M | -2.00M | -7.47K | -2.54K |
| Financing Cash Flow | 4.27M | 4.27M | 1.24M | 2.33M | 5.19M | 3.31M |
Castle Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$37.79M | -8.92 | -9.64% | ― | 626.10% | 94.33% | |
46 Neutral | AU$11.27M | -2.17 | -141.03% | ― | -100.00% | 36.11% | |
45 Neutral | AU$16.15M | -4.35 | -41.19% | ― | ― | 14.81% | |
45 Neutral | AU$10.49M | -10.91 | -6.63% | ― | ― | -136.67% | |
43 Neutral | AU$10.40M | -1.09 | -390.08% | ― | ― | 19.94% | |
37 Underperform | AU$18.35M | -25.00 | -32.90% | ― | ― | 42.86% |
Castle Minerals Limited Corporate Events
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.
No company background was provided in the release. Castle Minerals Limited issued 1,000,000 unquoted Performance Rights (Class D) on 16 December 2025, expiring 16 December 2028, under its employee incentive scheme; these securities are not intended to be quoted on ASX. The grant reflects the company’s use of equity-based remuneration to align and retain personnel, has minimal immediate cash impact, and could lead to dilution of existing shareholders if the rights vest and convert to shares, so stakeholders should monitor potential changes to the company’s capital structure and executive incentive alignment.
Castle Minerals Limited announced that all resolutions presented at its recent General Meeting were successfully passed by a poll. These resolutions included the adoption of the remuneration report, the election and re-election of directors, approval of a 10% placement capacity, and amendments to the company’s constitution. The outcome of the meeting reflects strong shareholder support for the company’s strategic direction and governance, potentially strengthening its position in the mining sector.
Castle Minerals Limited has issued an Addendum to the Notice of its Annual General Meeting, scheduled for November 27, 2025. This addendum includes additional resolutions and a replacement proxy form, which shareholders are encouraged to use for voting. The meeting will be held both in-person and virtually, providing flexibility for shareholder participation. The announcement highlights the importance of the resolutions and the need for shareholders to review the documents thoroughly, ensuring they are prepared to vote on all matters, particularly Resolutions 7 and 8, using the new proxy form.
Castle Minerals Limited has appointed veteran geologist and mining executive Andrew Grove as a Non-Executive Director, effective immediately. Grove brings over 35 years of experience in exploration, development, operations, and financing, with a strong focus on West Africa. His appointment is expected to enhance Castle’s strategic focus on Ghana and Côte d’Ivoire, where the company is pursuing numerous gold opportunities. Grove’s extensive background, including leadership roles at Chesser Resources and Aura Energy, is anticipated to strengthen the board’s technical oversight and decision-making, supporting Castle’s growth ambitions in these underexplored mining jurisdictions.
Castle Minerals Limited has issued 1,052,632 new ordinary shares to Spark Plus Pte Ltd as payment for corporate advisory services. This issuance was conducted without disclosure to investors under the Corporations Act, and the company has complied with relevant legal provisions. This move reflects Castle’s strategic financial management and may impact its market operations by strengthening its advisory capabilities.
Castle Minerals Limited has announced the quotation of 1,052,632 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, indicating the company’s ongoing efforts to strengthen its financial position and enhance its market presence.
Castle Minerals Limited has announced a proposed issue of 1,052,632 ordinary fully paid securities, as part of a placement or other type of issue, to be quoted on the ASX. This move is expected to enhance the company’s capital structure, potentially providing additional resources for its exploration activities and strengthening its market position.
Castle Minerals Limited has announced a change in the director’s interest, with Matthew Horgan acquiring 1,000,000 performance rights expiring on 31 October 2028. This acquisition was issued in lieu of director fees and reflects the company’s approach to compensating its leadership, potentially impacting its financial strategies and stakeholder interests.
Castle Minerals Limited has announced a change in the director’s interest, specifically related to Steven Zaninovich, who has acquired a significant number of securities, including ordinary shares, unlisted options, and performance rights. These acquisitions are part of the company’s strategic move following the acquisition of Mineralis Ltd, indicating a potential strengthening of its operational capabilities and market position. The issuance of performance rights in lieu of director fees suggests a focus on aligning management incentives with company performance.
Castle Minerals Limited has issued 1,075,241 new ordinary shares at $0.06 per share to sophisticated and professional investors, following a placement announced earlier. This strategic move is part of Castle’s ongoing efforts to strengthen its financial position and support its exploration activities in West Africa, particularly in Ghana and Côte d’Ivoire. The issuance was conducted without disclosure under specific provisions of the Corporations Act, demonstrating the company’s compliance with regulatory requirements. This development underscores Castle’s commitment to advancing its projects in a region renowned for its gold mining potential.
Castle Minerals Limited has announced the quotation of 1,075,241 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code CDT, effective from October 31, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market liquidity and investor interest.
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.
Castle Minerals Limited announced the issuance of unquoted equity securities, including 22,500,000 options expiring in May 2028 and performance rights totaling 16,666,667 across two new classes. This move is part of previously announced transactions and reflects the company’s strategic efforts to enhance its financial structure and support future growth initiatives.
Castle Minerals Limited has issued over 26 million new ordinary shares, raising capital from sophisticated investors and acquiring Mineralis Ltd, which holds exploration rights on the Côte d’Ivoire – Ghana border. This strategic move enhances Castle’s exploration footprint in a prolific gold region, potentially strengthening its position in the West African gold industry.
Castle Minerals Limited announced the quotation of 26,658,092 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 28, 2025. This move is part of previously announced transactions, potentially impacting the company’s liquidity and market presence by increasing the number of shares available for trading.
Castle Minerals Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 27, 2025, which will be conducted as a hybrid meeting, allowing shareholders to attend either in person or virtually. The company encourages shareholders to participate actively by voting and engaging with the board, highlighting the importance of the AGM for stakeholder involvement and corporate governance.
Castle Minerals Limited held a General Meeting where all proposed resolutions were approved by shareholders. Key resolutions included the approval to issue securities to vendors, issue options to brokers, and ratify prior issues of placement shares. These approvals are likely to enhance the company’s operational capabilities and financial flexibility, potentially impacting its market position positively.
Castle Minerals Limited has announced the appointment of Mohamed Niare as a new director, effective from October 13, 2025. This appointment comes with several interests, including participation in a Tranche 2 Placement and performance rights proposed in lieu of director fees, highlighting the company’s strategic focus on aligning director incentives with shareholder interests and operational goals.
Castle Minerals Limited has announced the cessation of Stephen Stone as a director, effective October 13, 2025. This change in the board could impact the company’s strategic direction and stakeholder relations, as Stone held significant interests in the company’s securities through various entities.
Castle Minerals Limited has announced the appointment of Steven Zaninovich as a director, effective from October 13, 2025. This appointment is part of the company’s strategic initiatives to strengthen its leadership team. The announcement also details Zaninovich’s interests in securities and contracts, including his participation in a Tranche 2 Placement and a beneficial interest in Mineral Holdings Limited. These developments indicate a focus on enhancing corporate governance and aligning director incentives with shareholder interests, potentially impacting the company’s operational and strategic direction.
Castle Minerals Limited has announced a leadership transition with Stephen Stone stepping down as Executive Chairman, replaced by Steven Zaninovich as Non-Executive Chairman. This change is part of the company’s strategy to advance its exploration and development projects in Côte d’Ivoire and Ghana. The board has also appointed Mohamed Niaré as a Non-Executive Director to leverage his local expertise. Additionally, certain resolutions related to director compensations have been withdrawn from the upcoming General Meeting agenda, indicating a shift in strategic focus. These changes are expected to strengthen Castle’s operational capabilities and enhance its project execution in the West African gold sector.