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Castle Minerals Limited
(Sydney:CDT)
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Rating:47Neutral
Price Target:
AU$0.07
▲(1.43% Upside)
Action:Reiterated
Date:05/24/26
The score is held down primarily by very weak financial performance (zero/minimal revenue, persistent losses, and ongoing negative operating/free cash flow). Technicals provide some support due to price strength above moving averages and positive MACD, but overbought momentum signals increase pullback risk. Valuation remains constrained by unprofitability (negative P/E) and no dividend support.
Positive Factors
Low Leverage
A near-zero debt profile materially reduces financial distress risk and interest burden for an exploration company. This structural conservatism preserves strategic optionality, allowing management to time capital raises, negotiate JVs or farm-outs, and fund episodic drilling with less liquidity pressure over the coming months.
Negative Factors
No Durable Revenue Base
The absence of recurring revenue, with 2025 annual revenue at zero, means operations are not self-funded and there is no internal cash-generation cushion. Over a multi-month horizon this exposes the business to funding risk and makes ongoing exploration activity contingent on successful capital raises or third-party deals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A near-zero debt profile materially reduces financial distress risk and interest burden for an exploration company. This structural conservatism preserves strategic optionality, allowing management to time capital raises, negotiate JVs or farm-outs, and fund episodic drilling with less liquidity pressure over the coming months.
Read all positive factors
Castle Minerals Limited (CDT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.11M
Dividend YieldN/A
Average Volume (3M)650.97K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue GrowthN/A
EPS Growth2.65%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding177,145,540
10 Day Avg. Volume744,349
30 Day Avg. Volume650,969
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.45
Price to Sales (P/S)0.00
P/FCF Ratio-1.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Castle Minerals Limited Business Overview & Revenue Model
Company Description
Castle Minerals Limited is an exploration company dedicated to discovering gold and diverse mineral deposits across both West Africa and Australia. Its primary focus encompasses a range of commodities, including lithium, graphite, gold, and variou...
How the Company Makes Money
null...
Castle Minerals Limited Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 64.11K | 30.42K | 409.00 | ― |
| Gross Profit | -630.00 | -6.21K | 64.11K | -19.98K | -28.19K | -1.52K |
| EBITDA | -4.17M | -3.66M | -2.86M | -5.57M | -2.13M | -2.06M |
| Net Income | -4.17M | -3.67M | -2.88M | -5.62M | -2.16M | -1.99M |
Balance Sheet | ||||||
| Total Assets | 3.89M | 2.60M | 1.11M | 2.88M | 4.98M | 1.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.96M | 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 | 267.89K | 1.23M | 595.62K | 846.53K | 228.72K | 198.17K |
| Stockholders Equity | 3.62M | 1.37M | 510.72K | 2.03M | 4.75M | 1.67M |
Cash Flow | ||||||
| Free Cash Flow | -3.91M | -2.83M | -3.01M | -4.40M | -2.35M | -1.94M |
| Operating Cash Flow | -3.91M | -2.83M | -3.01M | -4.40M | -2.22M | -1.94M |
| Investing Cash Flow | -99.78K | 35.22K | 2.11M | -2.00M | -7.47K | -2.54K |
| Financing Cash Flow | 5.77M | 4.27M | 1.24M | 2.33M | 5.19M | 3.31M |
Castle Minerals Limited Technical Analysis
Negative
0.07
Price Trends
0.06
Negative
0.07
Negative
Market Momentum
<0.01
Negative
47.87
Neutral
26.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CDT, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.06, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 47.87 is Neutral, neither overbought nor oversold. The STOCH value of 26.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CDT.
Castle Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
50 Neutral | AU$12.76M | -5.19 | -11.93% | ― | ― | ― | |
47 Neutral | AU$13.11M | -1.68 | -167.03% | ― | ― | 2.65% | |
46 Neutral | AU$12.30M | 1.22 | 36.53% | ― | ― | ― | |
44 Neutral | AU$12.24M | -92,233,720,368,547,800.00 | -7.09% | ― | ― | -135.48% | |
41 Neutral | AU$10.44M | -1.23 | -130.68% | ― | ― | 13.04% | |
41 Neutral | AU$12.78M | -1.94 | -202.96% | ― | ― | 41.01% |
* Basic Materials Sector Average
AU:CDT
Castle Minerals Limited
0.07
0.01
16.67%
AU:RMX
Red Mountain Mining Ltd
0.01
<0.01
10.00%
AU:SNG
Siren Gold Ltd
0.05
-0.01
-23.73%
AU:RR1
Reach Resources Limited
0.01
0.00
0.00%
AU:KAL
Kalgoorlie Gold Mining Limited
0.03
>-0.01
-24.32%
AU:FG1
Flynn Gold Ltd.
0.02
>-0.01
-25.93%
Castle Minerals Limited Corporate Events
Castle Minerals pivots to flagship Côte d’Ivoire gold project and expands WA footprint
Jul 31, 2026
Castle Minerals reported a transformational June quarter marked by the acquisition of rights to earn a 90% interest in the high-grade Nielle Gold Project in northern Côte d’Ivoire, positioning it as the company’s flagship asset. N...
Castle fast-tracks Nielle Gold Project with US$3m historical dataset
Jun 22, 2026
Castle Minerals has secured the complete historical exploration dataset for its newly acquired Nielle Gold Project in Côte d’Ivoire, representing more than US$3 million of prior work, including RC and air core drilling, mapping, geochem...
Castle Minerals Director Increases Stake Through On-Market Share Purchase
Jun 3, 2026
Castle Minerals Limited has reported a change in the holdings of director Matthew Horgan, who increased his interest in the company through an on-market purchase of 250,000 ordinary shares at a cost of $21,576.90. Following the transaction, Horgan...
Castle Minerals Issues Shares to Complete Meekasan Acquisition
May 25, 2026
Castle Minerals Limited has issued 3,750,000 new ordinary shares at $0.06 each to the vendors and nominees of Meekasan Pty Ltd, marking completion of its acquisition of 100% of Meekasan’s share capital. The company confirmed it is compliant ...
Castle Minerals Seeks Quotation for 3.75 Million New Shares on ASX
May 25, 2026
Castle Minerals Limited has applied to the ASX for the quotation of 3,750,000 new ordinary fully paid shares, with an issue date of 25 May 2026. The additional securities, which stem from previously announced transactions, will expand the company&...
Castle Minerals Expands Meeka South Footprint with Meekasan Acquisition
May 25, 2026
Castle Minerals has completed its acquisition of Meekasan Pty Ltd, securing a significant package of exploration and prospecting tenements in the Meekatharra gold district of Western Australia. The newly acquired tenure complements its existing Me...
Castle Minerals Flags Name Change Amid Cautious Gold Exploration Outlook
May 22, 2026
Castle Minerals Limited has issued a presentation outlining a proposed name change as it marks what it describes as a new chapter in high-grade gold discovery. The document emphasises that it is not investment advice, details the risks inherent in...
Castle Minerals director Andrew Grove increases indirect shareholding
May 22, 2026
Castle Minerals Limited has reported a change in the indirect shareholding of director Andrew Grove, as required under ASX listing rules. Through RockFrog Holdings Pty Ltd as trustee for RockFrog Trust No 1, Grove acquired 500,000 ordinary shares ...
Castle Minerals Director Matthew Horgan Increases Shareholding via On-Market Purchase
May 22, 2026
Castle Minerals director Matthew Horgan has increased his stake in the company through an on-market purchase of 350,000 ordinary shares for $23,756.49. The acquisition adds to his existing holdings of ordinary shares, multiple tranches of unlisted...
Castle Minerals updates director’s holdings and incentive structure
May 21, 2026
Castle Minerals Limited has reported a change in director Steven Zaninovich’s interest, with the director and his related entities acquiring 750,000 ordinary shares in an on-market trade valued at about $50,586. Following the transaction, Za...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.