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Redcastle Resources Limited ( (AU:RC1) ) has shared an update.
Redcastle Resources Ltd has provided an update on its strategic joint venture with BML for the Queen Alexandra and Redcastle Reef gold deposits. The joint venture, which began in September 2025, has seen significant progress with BML funding all working capital until the first revenues are generated. Key activities include completing a scoping study for Queen Alexandra, progressing negotiations for mill access, and preparing a mining proposal for submission to the WA Department of Mine, Petroleum and Energy. The company aims to start initial mining by late Q1 2026, pending approvals. The joint venture reflects strong collaboration and enthusiasm from both parties, with detailed planning underway for drilling campaigns and operational readiness.
More about Redcastle Resources Limited
Redcastle Resources Ltd is a company involved in the gold mining industry, focusing on the development and production of gold deposits. Its primary operations are centered around the Queen Alexandra and Redcastle Reef gold deposits.
Average Trading Volume: 2,849,126
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.29M
For an in-depth examination of RC1 stock, go to TipRanks’ Overview page.