Loyalty Options Offer - Results & Shortfall Notice
Released
Released
Announcement PDF
Castle Minerals Limited
ASX Announcement
28 May 2025
Loyalty Options Offer - Results & Shortfall Notice
Castle Minerals Limited (ASX: CDT) (“Castle”, the “Company”) refers to its non-renounceable pro-rata
entitlement offer of 1 new unlisted option exercisable at $0.12, expiring 31 May 2028 (New Option) for
every 3 fully paid ordinary shares in the Company, to raise up to $193,349.28 (before costs) (Loyalty
Options Offer or Offer). The Loyalty Options Offer closed on 21 May 2025.
The Company has received applications under the Loyalty Options Offer for 21,547,839 New Options at the
issue price of $0.005 per New Option, raising gross proceeds of $107,739.19. These New Options have
been issued today.
Details of the entitlements not taken up under the Loyalty Options Offer are provided in the table below.
The shortfall offer is a separate offer made pursuant to the prospectus dated 22 April 2025. The Company
has received firm commitments to place the shortfall to professional and institutional investors, raising
$85,605.51. The shortfall shares will also be issued today.
Funds raised from the issue of the New Options under the Loyalty Options Offer will be applied towards
working capital.
Loyalty Options Offer & Shortfall
Number
Number of New Options available under the Offer
38,668,940
Number of New Options subscribed for under the Offer
(excluding Shortfall)
21,547,839
Number of New Options subscribed for under the Shortfall
17,121,101
Number of New Options remaining available under the Shortfall offer
-
Authorised for release to ASX by the Board of Castle Minerals Limited:
Stephen Stone
Executive Chairman
stone@castleminerals.com
+61 (0)418 804 564
Principal and Registered Office Suite 9 / 11 Ventnor Ave, West Perth, WA 6005 | Postal PO Box 437 West Perth, WA 6872
Contact admin@castleminerals.com | www.castleminerals.com | Telephone +61 8 93227018
Castle Minerals Limited (ASX: CDT)
Loyalty Options Offer - Results & Shortfall Notice
ABOUT CASTLE MINERALS
Castle Minerals Limited is an Australian Securities Exchange (ASX: CDT) listed
and Perth, Western Australia headquartered company with interests in several
projects in Ghana and Western Australia that are prospective for gold, graphite
and base metals.
In Ghana, West Africa, Castle’s 100% owned Ghanaian subsidiary, Carlie
Mining Ltd, owns the Kpali Gold Project in the Upper West Region which
comprises the Kpali, Kpali East and Bundi gold prospects. The Kandia Gold
Project, is a separately located standalone discovery. All occur in highly
prospective Birimian geological terrane, the host to many of West Africa’s and
Ghana’s multi-million-ounce gold mines.
The 100% owned Kambale Graphite Project is also located in Ghana’s Upper
West Region. It is being progressed through technical and commercial
evaluation for the production of battery grade material to be used in lithium-ion
battery manufacture.
Farm-outs or sales have been or are being sought for the Company’s
West Australian projects: The Polelle Project, 7km southeast of the
operating Bluebird gold mine near Meekatharra, hosts a mainly
obscured and minimally explored greenstone belt prospective for gold
and possibly base metals. The Wanganui Project is prospective for
down-plunge high-grade gold shoots. Both have been optioned for
purchase to Great Boulder Resources Limited (ASX: GBR) for
possible incorporation into its emerging Side Well project.
The Terra Rossa copper-zinc project is located on the western edge
of the Earaheedy Basin. It is adjacent to the evolving World-Class
Chinook-Magazine zinc-lead project of Rumble Resources Ltd (ASX:
RTR).
The Beasley Creek Project is prospective for gold and lithium and
lies on the northern flanks of the Rocklea Dome in the southern
Pilbara.
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