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Redcastle Resources Limited ( (AU:RC1) ) has shared an announcement.
Redcastle Resources Limited has signed a non-binding Memorandum of Understanding (MoU) with Terra Mining Pty Ltd to develop its Queen Alexandra and Redcastle Reef gold deposits. This agreement allows Terra Mining to manage and fund mining activities, facilitating early cash flow through a performance-based profit-sharing alliance. The collaboration aims to rapidly monetize high-grade ore with minimal capital exposure, supporting Redcastle’s strategy to transition into a gold producer while maintaining capital discipline. The project is expected to progress with updated Mineral Resource Estimates and permitting advancements in the second half of 2025.
More about Redcastle Resources Limited
Redcastle Resources Limited is a gold exploration company focused on developing its flagship gold projects, Queen Alexandra and Redcastle Reef, in the Eastern Goldfields of Western Australia. The company aims to transition into a small-scale gold producer, leveraging its high-grade ore deposits to generate early cash flow.
Average Trading Volume: 892,766
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.72M
For a thorough assessment of RC1 stock, go to TipRanks’ Stock Analysis page.