CDT 0.00% 0.4¢ castle minerals limited

Ann: GBR: New gold projects double GBRs Meekatharra footprint, page-14

  1. 1,900 Posts.
    lightbulb Created with Sketch. 583
    You're correct ! GBR has an option to aquire 75% after satisfying certain criteria.
    in a 12 month period.

    Bottom line is GBR will do all the work and fork out the coin to do said work.

    So CDT recieve $50.000 in GBR shares And GBR spend $250.000 on exploration
    If GBR exercise the option after 12 months Then CDT recieve a further $100.000 in GBR shares.

    Also of note ! Is that GBR has experience with the tradiional owners of the land
    We are expecting the final heritage report soon.

    Castle has way to many projects to explore on their own ! I feel this to be a good move !

    Leaves us free to focus on Kambale. each to their own

    The more succesful GBR is with their projects, The more value we recieve via our holding
    cheers!

 
watchlist Created with Sketch. Add CDT (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $4.647M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
28 22488321 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 4663711 3
View Market Depth
Last trade - 16.12pm 19/07/2024 (20 minute delay) ?
CDT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.