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Castile Resources Ltd
(Sydney:CST)
Castile Resources Ltd (CST) vs. iShares MSCI Australia ETF (EWA)
Castile Resources Ltd Business Overview & Revenue Model
Castile Resources Ltd Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 270.82K | 201.42K | 60.13K | 78.75K | 53.89K |
| Gross Profit | 270.82K | 39.83K | -102.31K | -64.12K | 6.92K |
| EBITDA | -1.11M | -1.35M | -2.62M | -1.36M | -350.69K |
| Net Income | -684.04K | -1.39M | -1.54M | -1.06M | -139.97K |
Balance Sheet | |||||
| Total Assets | 34.23M | 42.63M | 33.29M | 35.04M | 35.63M |
| Cash, Cash Equivalents and Short-Term Investments | 2.43M | 5.43M | 4.43M | 11.22M | 17.21M |
| Total Debt | 42.13K | 63.50K | 78.71K | 124.01K | 167.71K |
| Total Liabilities | 1.57M | 9.21M | 3.71M | 4.05M | 3.77M |
| Stockholders Equity | 32.66M | 33.42M | 29.58M | 31.00M | 31.86M |
Cash Flow | |||||
| Free Cash Flow | -2.98M | -4.14M | -6.74M | -5.94M | -1.84M |
| Operating Cash Flow | -1.17M | -898.13K | -1.54M | -1.27M | -504.38K |
| Investing Cash Flow | -1.81M | -3.24M | -5.20M | -4.67M | -1.34M |
| Financing Cash Flow | -21.38K | 5.14M | -45.30K | -46.70K | 19.05M |
Castile Resources Ltd Technical Analysis
Castile Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
44 Neutral | AU$17.43M | ― | -3.70% | ― | ― | -92.59% | |
44 Neutral | AU$1.45B | -6.12 | -40.74% | 4.22% | -3.45% | -41.76% | |
38 Underperform | AU$17.18M | ― | -8.45% | ― | ― | -100.00% | |
32 Underperform | AU$23.76M | ― | -22.00% | ― | ― | -39.39% | |
29 Underperform | AU$18.13M | ― | -5.17% | ― | ― | 14.29% |
Castile Resources Ltd Corporate Events
Castile Resources Ltd has added bismuth as a by-product to its Rover 1 Bankable Feasibility Study, capitalizing on the recent surge in bismuth prices due to Chinese export restrictions. This strategic move positions Castile as one of the few Australian companies with a significant bismuth resource, providing a competitive edge in the market. The company is also advancing its exploration efforts using innovative Ambient Noise Tomography technology and engaging in international discussions to secure financing for the Rover 1 Project, aiming to reduce Western reliance on Chinese mineral supplies.
Castile Resources Limited has experienced a change in the voting power of its substantial holder, CQS (UK) LLP. The voting power decreased from 9.8491% to 8.8043% due to the sale of assets amounting to 14,257,901 votes. This change reflects a shift in the investment strategy or portfolio management by CQS (UK) LLP, potentially impacting the company’s shareholder dynamics and market perception.
Castile Resources Ltd has reiterated that there are no new changes to their previously reported exploration results, mineral resources, and ore reserves, as well as the assumptions underpinning their Rover 1 Pre-Feasibility Study. The company continues to maintain its strategic focus on advancing the Rover 1 project, which has been awarded Major Project Status and has seen significant optimizations to enhance its development.
Castile Resources Limited has provided a clarification regarding its recent announcement about the detection of copper-gold mineralization at Pathfinder 38. The company reported intersecting an IOCG formation at various depths, with notable zones of silica-hematite alteration and magnetite replacement, although no reportable assay results exceeded the cut-off grade. This development highlights the potential for further mineralization exploration, aligning with Castile’s strategic focus on its Rover 1 deposit.
Castile Resources Limited has completed the drilling of exploration hole 25P38D001, with core samples sent for analysis. The company is pioneering the use of Ambient Noise Tomography (ANT) as a novel targeting technique for identifying IOCG-like formations, in collaboration with Odyssey Geophysics. This innovative approach aims to improve the precision of exploration efforts by identifying promising drilling targets and avoiding less viable ones. Castile plans to expand the use of ANT technology across the Rover Mineral Field, aiming to conduct multiple surveys simultaneously to prioritize over 100 potential targets for drilling.
Castile Resources Ltd has reiterated its commitment to its previously announced projects and financial forecasts, confirming no material changes to its mineral resource estimates and ore reserves. The company continues to focus on its Rover 1 project, which has been awarded major project status, and has made significant optimizations to advance its bankable feasibility study. The inclusion of critical mineral bismuth in the Rover 1 project, amid rising prices, highlights Castile’s strategic positioning in the market.
Castile Resources Ltd has been invited by the Australian Government to participate in a Critical Minerals Supply Chain Forum in India, organized in response to China’s export bans on critical minerals. This forum, involving governments from Japan, India, South Korea, the USA, and Australia, aims to diversify global supply chains and secure stable off-takers for critical minerals. Castile’s Rover 1 Project, which will produce gold, copper, cobalt, bismuth, and magnetite, is strategically positioned to benefit from the current global environment, especially with the recent surge in bismuth prices due to China’s export restrictions. The company’s participation in the forum underscores its growing influence in the critical minerals market, with potential implications for securing funding and off-take agreements.
Castile Resources Ltd has announced the commencement of drilling at its Pathfinder 38 site in April 2025, following the detection of a significant anomaly using Ambient Noise Tomography (ANT) technology. This innovative approach allows for cost-effective surveying of over 100 previously untested targets, enhancing the company’s exploration capabilities. Additionally, the company is updating its Bankable Feasibility Study (BFS) for the Rover 1 Project, with a focus on leveraging the current high gold prices for financial modeling. The Northern Territory Government has also awarded a co-funding grant for the Pathfinder 38 drilling, and environmental impact assessments are underway to facilitate fast-track approvals for the Rover 1 site operations.