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Castile Resources Ltd
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Debt warning for small resource stocks as a rate squeeze worsens
Investors should take note of the red debt-flag flying over the resources sector with smaller companies at greatest risk, as the toxic mix of interest rate hikes and commodity price falls take effect. Rising interest rates impact everyone, but with mining there is a problem in trying to align erratic (commodity exposed) income with fixed […]
Mining & Resources
Castile Resources strikes gold at Rover 1 IOCG prospect
Junior explorer Castile Resources (ASX: CST) has announced “stunning” gold intercepts from the first hole of its maiden drilling program at the Rover 1 prospect in the Northern Territory. The company today announced gold assays from this initial hole with the best intersection measuring 30.4m long, starting from a depth of 506.5m, and grading at […]
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