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Redcastle Resources Limited ( (AU:RC1) ) has issued an update.
Redcastle Resources Ltd has initiated a 2,700-meter Reverse Circulation drilling campaign at the MCE and Sligo gold targets within the Redcastle Project Area in Western Australia. This campaign aims to advance the MCE prospect towards a Mineral Resource Estimate and explore the potential of Sligo as a growth target. The results, expected in Q4 2025, could impact the company’s strategic positioning by potentially expanding its resource base and supporting joint venture activities.
More about Redcastle Resources Limited
Redcastle Resources Ltd operates in the mining industry, focusing on gold exploration and development. The company is actively engaged in projects within the Eastern Goldfields of Western Australia, particularly targeting gold prospects like Morgan’s Castle East (MCE) and Sligo.
Average Trading Volume: 2,865,878
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$10.69M
Find detailed analytics on RC1 stock on TipRanks’ Stock Analysis page.