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Redcastle advances high-grade Redcastle Reef as TBone exploration builds growth pipeline

Story Highlights
  • Redcastle advanced QA and Redcastle Reef toward near-term gold production, completing high-density drilling with exceptional grades supporting an updated resource estimate.
  • Regional drilling extended mineralisation between key deposits, confirmed future dump sites, identified new TBone Belt targets, and progressed approvals that enhance mine-readiness.
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Redcastle advances high-grade Redcastle Reef as TBone exploration builds growth pipeline

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Redcastle Resources Limited ( (AU:RC1) ) has provided an update.

Redcastle Resources reported strong progress in the March 2026 quarter as it advances the QA and Redcastle Reef deposits toward near-term gold production within its Eastern Goldfields portfolio. The company’s assets lie in the highly prospective “golden circle” near Leonora-Laverton, where it controls about 87 square kilometres of tenements with existing resources and significant exploration upside.

During the quarter, the RB joint venture completed 327 grade-control holes at Redcastle Reef, returning multiple exceptional high-grade gold intercepts that support a high-grade shoot model and underpin work on an updated mineral resource estimate. Broad-spaced drilling between Redcastle Reef and QA has also extended the mineralised system by roughly 300 metres and confirmed dump locations, while infill and diamond drilling, identification of 16 walk-up targets across the TBone Belt, and progress on permits and haulage licences collectively move the project closer to mine-readiness and potential future production growth.

More about Redcastle Resources Limited

Redcastle Resources Ltd is an ASX-listed gold exploration and development company focused on the Redcastle Gold Project in Western Australia’s Eastern Goldfields. Its portfolio spans the Redcastle Project Area and the underexplored TBone Belt, where it holds JORC-compliant resources at the QA and Redcastle Reef deposits and a pipeline of near-mine and regional gold targets.

Average Trading Volume: 277,105

Technical Sentiment Signal: Buy

Current Market Cap: A$18.61M

See more insights into RC1 stock on TipRanks’ Stock Analysis page.

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