Castle Minerals Limited (AU:CDT)
ASX:CDT
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Castle Minerals Limited
(Sydney:CDT)
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Rating:47Neutral
Price Target:
AU$0.08
▲(31.67% 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 Financial Leverage
A near-zero debt profile materially reduces solvency risk for an exploration company with no operating revenue. Low leverage preserves flexibility to fund programs via equity or JV, lowers bankruptcy risk during long exploration cycles, and supports long-term optionality to advance projects.
Negative Factors
No Durable Revenue / Persistent Losses
Zero reported revenue and recurring net losses mean the company lacks a sustainable earnings base. Long-term value depends on successful exploration or transactional exits; until then losses erode equity, constrain reinvestment, and force repeated capital raises that dilute shareholders and limit strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A near-zero debt profile materially reduces solvency risk for an exploration company with no operating revenue. Low leverage preserves flexibility to fund programs via equity or JV, lowers bankruptcy risk during long exploration cycles, and supports long-term optionality to advance projects.
Read all positive factors
Castle Minerals Limited (CDT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.87M
Dividend YieldN/A
Average Volume (3M)650.97K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue GrowthN/A
EPS Growth2.65%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.04
Shares Outstanding173,395,540
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 engages in the exploration of gold and other mineral deposits in West Africa and Australia. It explores for lithium, graphite, gold, and base metals. The company holds 100% interests in Meekatharra projects; and 80% interes...
How the Company Makes Money
Castle Minerals Limited primarily seeks to create value through mineral exploration and project advancement rather than through steady operating sales. Typical monetisation pathways for an exploration-stage company include: (1) raising capital via...
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 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% | |
47 Neutral | AU$13.87M | -1.15 | -167.03% | ― | ― | 2.65% | |
45 Neutral | AU$7.27M | -0.53 | -396.83% | ― | ― | -38.78% | |
44 Neutral | AU$24.26M | -1.54 | -46.73% | ― | ― | -55.56% | |
42 Neutral | AU$27.46M | -6.58 | -96.19% | ― | ― | -83.33% | |
42 Neutral | AU$12.24M | -4.07 | -7.09% | ― | ― | -135.48% |
* Basic Materials Sector Average
AU:CDT
Castle Minerals Limited
0.09
-0.01
-12.37%
AU:VKA
Viking Mines Limited
0.01
0.00
0.00%
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First AU Ltd.
0.01
0.00
0.00%
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Krakatoa Resources Ltd.
0.01
0.00
0.00%
AU:RR1
Reach Resources Limited
0.01
0.00
0.00%
Castle Minerals Limited Corporate Events
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...
Castle Minerals plans placement of up to 7.5 million new shares
Apr 29, 2026
Castle Minerals Limited has notified the ASX of a proposed placement of up to 7.5 million new ordinary fully paid shares. The new securities are expected to be issued on 8 May 2026, expanding the company’s share base and providing additional...
Castle Minerals consolidates Murchison footprint and advances West African gold portfolio
Apr 15, 2026
Castle Minerals has consolidated a dominant position in Western Australia’s Murchison Gold District by acquiring Meekasan Pty Ltd and combining it with its Polelle and Wanganui gold projects, creating a contiguous 184 km² Meeka South la...
Castle Minerals lodges interim half-year financial report
Mar 16, 2026
Castle Minerals Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders and regulators with updated consolidated financial statements and accompanying disclosures. The document includes th...
Castle Minerals boosts Meekatharra gold footprint with Meekasan deal and leadership reshuffle
Mar 2, 2026
Castle Minerals has moved to consolidate its position in Western Australia’s Meekatharra gold district, signing a deal to acquire 100% of private explorer Meekasan Pty Ltd. The acquisition adds 68km² of greenstone tenure near Westgold R...
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.