Castle Minerals Limited (ASX: CDT) has strengthened its exploration funding after securing an AU$4 million placement at AU$0.075 per share, representing a 4.7% premium to the 15-day VWAP. The raising is expected to lift gross cash availability to approximately AU$5 million before costs, providing additional capacity to progress priority gold assets.Castle Minerals has positioned the Nielle Gold Project in Côte d’Ivoire at the centre of its near-term exploration strategy. Castle has obtained a historical dataset representing more than US$3 million of previous exploration expenditure and is reviewing drilling, geological and geochemical information to identify priority targets. Planned work includes infill and step-out drilling, with the longer-term objective of advancing Nielle towards a maiden Mineral Resource estimate.Castle will also progress its approximately 184km² Meeka South portfolio in Western Australia while exploring alternatives to realise value from its Ghanaian assets. However, Nielle’s acquisition and drilling remain dependent on approval of the required Côte d’Ivoire exploration permit. 

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