Recent Insider Transactions • 23h
Managing Director recently bought AU$51k worth of stock On the 20th of May, Steven Zaninovich bought around 750k shares on-market at roughly AU$0.067 per share. This transaction amounted to 64% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Steven's only on-market trade for the last 12 months. Board Change • May 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Matt Horgan is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 24
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Director Matt Horgan is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Oct 28
Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.965486 million. Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.965486 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,600,000
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,824,759
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 24
Castle Minerals Limited, Annual General Meeting, Nov 27, 2025 Castle Minerals Limited, Annual General Meeting, Nov 27, 2025. Location: at level 9, mia yellagonga tower 2, 5 spring street, perth wa 6000 Australia Ankündigung • Aug 21
Castle Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million. Castle Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,600,000
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,400,000
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Matthew Horgan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 25
Next Phase of Drilling to Commence At Kpali Gold Project Castle Minerals Limited advises that a 2,500m RC drill programme is expected to commence in the coming days at its 100% owned Kpali Gold Project in Ghana's Upper West Region. The Kpali Gold Project comprises a cluster of prospects including the namesake Kpali prospect and the Bundi prospect 4km north. The drilling will follow-up excellent intercepts recently obtained at the Kpali prospect which included: 12m at 8.29g/t Au from 25m (24KPRC010) incl; 6m at 11.60g/t Au from 31m and; a peak 1m intercept value of 20.43g/t Au at 36m and; 4m at 4.16g/t Au from 95m; 7m at 2.23g/t Au from 35m (24KPRC011) incl. Castle Minerals Limited: RC Drilling to Commence at Kpali Gold Project - 24 March 2025: 4m at 3.23g/t Au from 35m and; 11m at 2.24g/t Au from 50m incl; 1m at 8.29g/t Au from 57m; 5m at 3.66 g/t Au from 78m (24KPRC012) incl; 2m at 7.09g/t Au 79m; 13m at 1.58g/t Au from 73m (24KPRC014) incl; 1m at 5.62g/t Au from 79m; 1m at 8.35g/t Au from 5m (24KPRC015) and; 9m at 4.81g/t Au from 107m incl; 2m at 8.75g/t Au from 109m; 1m at 6.64g/t Au from 70m (24KPRC016); 7m at 1.67g/t Au from 39m (24KPRC017); 3m at 3.08g/t Au from 78m. Two prior drill programmes at Kpali returned intercepts that included 4m at 3.66g/t Au from 26m, 3m at 5.20g/t Au from 125m, 28m at 2.26g/t Au from 81m including 5m at 8.41g/t from 89m, 10m at 2.01g/t Au from 22m, 5m at 4.53g/t Au from 99m and 11m at 1.86 g/t Au from 143m. The programme will also look to extend mineralisation along strike and to depth at Bundi where mineralisation has already been delineated over a north-south strike of 1.4km. Historical intercepts included: 3m at 3.19g/t Au from 25m (13SWRC026); 6m at 3.32g/t Au from 37m (13SWRC027); 2m at 7.87g/t Au from 40m (13SWRC028); 2m at 9.10g/t Au from 68m (13SWRC032). Follow-up drilling at Kandia Gold Project Upon completion of drilling at the Kpali Gold Project attention will then turn to the Kandia Gold Project, 150km to the east. Drilling is expected to commence in April 2025 subject to rig availability. The opportunity at Kandia is to delineate a large tonnage of shallow mineralisation across multiple, near- surface open-pitable deposits along the 16km prospective north-east trending Kandia contact corridor. Castle Minerals Limited: RC Drilling to Commence at Kpali Gold Project - 24 March 2025 The most recent drill programme at Kandia confirmed the continuity and depth extension of previously defined shallow mineralisation at the "4000-zone" with grade, mineralised width and dip appearing to increase with depth. Drill hole intercepts included 7m at 3.36g/t Au from 149m within 24m at 1.78g/t Au from 139m and 5m at 3.49g/t Au from 82m within 11m at 2.26g/t Au from 79m. Ankündigung • Mar 04
Castle Minerals Limited has announced a Derivatives Offering in the amount of AUD 0.191629 million. Castle Minerals Limited has announced a Derivatives Offering in the amount of AUD 0.191629 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 38,325,712
Price\Range: AUD 0.005
Transaction Features: Rights Offering Ankündigung • Mar 03
Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.07 million. Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.07 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,583,334
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 583,333
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Matthew Horgan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Matthew Horgan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 27
Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.28 million. Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.28 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 294,417,002
Price\Range: AUD 0.0025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.0025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: AUD 0.0025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,582,998
Price\Range: AUD 0.0025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 06
Castle Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.941655 million. Castle Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.941655 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 164,661,813
Price\Range: AUD 0.0025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.0025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: AUD 0.0025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 23
Castle Minerals Limited, Annual General Meeting, Nov 29, 2024 Castle Minerals Limited, Annual General Meeting, Nov 29, 2024. Location: level 9, mia yellagonga tower 2, 5 spring street, perth wa 6000, Australia Ankündigung • Jun 26
-Castle Minerals Limited Announces Board Changes Castle Minerals Limited announced that Non-Executive Chairman, Michael Atkins will be retiring from the Board and Managing Director, Stephen Stone, will transition to the role of Executive Chairman, concurrently on 30 June 2024. James Guy remains a Non-Executive Director and consulting technical manager. The Company announced that it has appointed mining industry executive, Matthew Horgan, as a Non-Executive Director of the Company, effective immediately. Ankündigung • Jun 20
Castle Minerals Limited has filed a Follow-on Equity Offering. Castle Minerals Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Subsequent Direct Listing New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$103k revenue, or US$68k). Market cap is less than US$10m (AU$8.57m market cap, or US$5.67m). Minor Risk Shareholders have been diluted in the past year (8.9% increase in shares outstanding). New Risk • Jan 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (AU$30k revenue, or US$20k). Market cap is less than US$10m (AU$8.57m market cap, or US$5.66m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Ankündigung • Nov 15
Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Castle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 51,250,000
Price\Range: AUD 0.01
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,750,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006 New Risk • Oct 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$4.4m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m (AU$30k revenue, or US$19k). Market cap is less than US$10m (AU$11.2m market cap, or US$7.15m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Ankündigung • Oct 07
Castle Minerals Limited, Annual General Meeting, Nov 10, 2023 Castle Minerals Limited, Annual General Meeting, Nov 10, 2023, at 09:30 W. Australia Standard Time. Location: offices of BDO (Boab Room), Level 9, Mia Yellagonga Tower 2, 5 Spring Street Perth Western Australia Australia Agenda: To receive and consider the Annual Report of the Company and its controlled entities for the year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider the adoption of remuneration report; to consider the reelection of directors; to consider the approval of 10% placement capacity; to consider the ratification of prior issue of shares; to consider the ratification of prior issue of new options; to consider the ratification of prior issue of peak options; to consider the issue of directors options to directors; to consider the approval to issue SPP options; and to consider the other matters. New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$409 revenue, or US$262). Market cap is less than US$10m (AU$11.8m market cap, or US$7.57m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Jun 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$409 revenue, or US$278). Market cap is less than US$10m (AU$14.6m market cap, or US$9.93m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Ankündigung • Jan 05
Castle Minerals Limited Announces 30-Hole, 2,290m RC Drilling Program Has Been Completed At the Kambale Graphite Project, Ghana Castle Minerals Limited announced that a 30-hole, 2,290m RC drilling program has been completed at the Kambale Graphite project, Ghana. The drilling was designed primarily to better define the high grade zones intercepted in the previous round of drilling and to facilitate a maiden JORC 2012 Mineral Resource estimate scheduled for delivery around end-Quarter 1 2023, subject to timing of receipt of assay results. The program was fast tracked with Castle's geological team and contracted drilling crew working through the Christmas period. A prior 52 hole, 5,353m RC drill program had extended the deposit's foot print to 2.5km north-south over a combined width of up to 0.5km with several holes intercepting thick, multiple graphitic zones such as 14m at 8.1% TGC from 47m and 45m at 11.2% TGC from 66m in 22CKRC052. An independently estimated JORC 2012 Exploration Target of 16.82 million tonnes to 50.46 million tonnes at a grade between 6.74% TGC and 10.40% TGC (Total Graphitic Carbon) was subsequently reported. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target was limited to a vertical depth of 100m below surface and highlights that Kambale may have the scale, grade and other attributes to justify its continued evaluation as a possible producer of a commercially acceptable fine flake graphite concentrate. In addition, 300kg of half core samples from a 4-hole 365m diamond drilling program have just arrived in Perth. These will be used for Phase 2 metallurgical test work to assess the amenability of the graphitic schist to produce a fine flake graphite concentrate as a base for EV battery anode manufacture. The test work, which will commence in coming days at the facility of Metallurgy Pty Ltd, Perth, will comprise a series of beneficiation, flotation and grinding cycles on composited core aimed at producing a quantity of as near-to commercial grade fine flake graphite concentrate as possible. The Phase 2 concentrate produced in Perth will then be assessed by a specialist European metallurgical laboratory for its ability to be upgraded and processed (micronised, purified, spheronised and coated) into a battery-grade fine flake concentrate for possible application in electric vehicle battery anode manufacture. The diamond drill core has been obtained from four locations to provide a broad representation of the graphitic schist material and its variability, especially below the weathering profile. Subject to the success of the test work, the Mineral Resource estimate and other related studies and commercial factors, a development Scoping Study will be considered for Quarter 2 2023. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Michael Atkins was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Michael Atkins was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 