** Shares of Castile Resources CST.AX fall as much as 11.5% to A$0.115, its lowest level since December 24

** Diversified miner announces A$8.4 million ($5.95 million) placement at an issue price of A$0.11 per share

** Issue price at a discount of 15.4% to the stock's last closing

** Funds from placement to help fast-track and complete the Rover 1 bankable feasibility study, among others - co

** Stock has fallen 4% this year, including session's moves

($1 = 1.4106 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))