TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Redcastle Resources Limited ( (AU:RC1) ).
Redcastle Resources Ltd has commenced grade control drilling at the Redcastle Reef gold deposit, a strategic move to enhance mining flexibility and potentially accelerate production alongside the Queen Alexandra deposit. This initiative, part of a joint venture with BML Ventures Ltd, aims to update the JORC Mineral Resource Estimate and support internal feasibility studies, potentially leading to early cash flow and increased value capture due to rising gold prices.
More about Redcastle Resources Limited
Redcastle Resources Ltd is involved in the mining industry, focusing on gold exploration and production. The company is primarily engaged in developing its Queen Alexandra and Redcastle Reef gold deposits in the Eastern Goldfields region.
Average Trading Volume: 2,698,440
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.69M
For a thorough assessment of RC1 stock, go to TipRanks’ Stock Analysis page.