Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Redcastle Resources Limited ( (AU:RC1) ) just unveiled an announcement.
Redcastle Resources Ltd has submitted a Mine Development and Closure Plan (MDCP) for its Queen Alexandra (QA) and Redcastle Reef (RR) gold deposits to the WA Department of Minerals, Petroleum and Exploration, marking a significant step towards commencing gold production. The joint venture with BML Ventures aims to expedite mining operations, with ground-breaking expected in Q1 2026. The company is advancing its strategy with ongoing drilling campaigns, which are expected to yield results in early 2026, potentially boosting its growth and operational capacity.
More about Redcastle Resources Limited
Redcastle Resources Ltd (ASX: RC1) is a rapidly emerging gold company based in Western Australia. The company focuses on holding tenements in proven gold-producing provinces, utilizing modern exploration techniques to find high-grade gold. Its growth strategy includes targeted drilling, development, production, and acquisitions to enhance shareholder value. The company’s portfolio is located near the Gwalia Gold Mine within the highly prospective Leonora-Laverton region.
Average Trading Volume: 2,645,976
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.5M
Find detailed analytics on RC1 stock on TipRanks’ Stock Analysis page.