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Redcastle Resources Limited
(Sydney:RC1)
Redcastle Resources Limited (RC1) vs. iShares MSCI Australia ETF (EWA)
Redcastle Resources Limited Business Overview & Revenue Model
Redcastle Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -675.20K | 0.00 | -43.91K | -618.05K | -1.18M | -333.12K |
| Net Income | -1.07K | -1.07M | -570.00K | -618.00K | -1.17M | -332.58K |
Balance Sheet | ||||||
| Total Assets | 6.04M | 6.04M | 3.98M | 4.10M | 4.73M | 506.78K |
| Cash, Cash Equivalents and Short-Term Investments | 750.50K | 750.50K | 910.48K | 2.04M | 3.22M | 492.49K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 142.76K | 142.76K | 492.43K | 49.44K | 60.01K | 97.61K |
| Stockholders Equity | 5.89M | 5.89M | 3.49M | 4.06M | 4.67M | 409.17K |
Cash Flow | ||||||
| Free Cash Flow | -3.44K | -3.45M | -1.13M | -601.35K | -580.60K | -254.00 |
| Operating Cash Flow | -1.32K | -1.32M | -151.35K | -583.00 | -1.00K | -254.48K |
| Investing Cash Flow | -2.13M | -2.13M | -977.88K | -600.76K | -579.60K | 0.00 |
| Financing Cash Flow | 3.29M | 3.29M | 0.00 | 0.00 | 4.31M | 0.00 |
Redcastle Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$22.71M | -9.31 | -22.90% | ― | ― | -17.92% | |
46 Neutral | AU$7.03M | -10.47 | -47.62% | ― | 29.51% | -3.61% | |
46 Neutral | AU$28.15M | -5.37 | ― | ― | 12.77% | 53.47% | |
37 Underperform | AU$7.51M | ― | -110.55% | ― | -51.28% | 8.00% | |
37 Underperform | AU$8.87M | ― | ― | ― | -26.58% | ― | |
20 Underperform | AU$4.79M | -1.48 | ― | ― | 44.72% | 55.18% |
Redcastle Resources Limited Corporate Events
Redcastle Resources has reported assay results from a 23-hole reverse circulation drilling campaign at its Morgan’s Castle East (MCE) and Sligo prospects, completing about 85% of the planned 2,700 metres due to difficult ground conditions and groundwater inflows. Drilling at MCE has outlined a broad, low‑grade gold system with isolated higher‑grade veins, interpreted to dip north and plunge east in a style similar to the nearby Queen Alexandra deposit, and remains open to the east and at depth, positioning MCE as a potential future addition to the Queen Alexandra and Redcastle Reef mine plan pending further assay refinement and evaluation. In contrast, limited drilling at Sligo did not replicate historical gold intercepts but did encounter water that may indicate an aquifer, prompting plans for further geological and structural mapping and highlighting the need for a larger-capacity rig for any future gold drilling in that area.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources has completed a 313‑hole reverse circulation grade control drilling program totalling about 12,870 metres at its Redcastle Reef deposit under the RB Joint Venture with BML Ventures, confirming extensive gold mineralisation and supporting detailed mine planning and early mining flexibility. The company has now begun a staged sterilisation drilling campaign and is about to start a five‑hole diamond drilling program, with all current drilling funded by BML, and the better‑than‑expected assay results will feed into an updated JORC Mineral Resource Estimate and ongoing technical evaluation, marking a key step toward near‑term mine readiness at Redcastle Reef and reinforcing the project’s development prospects for stakeholders.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources has advanced its strategy for early gold production at the Queen Alexandra and Redcastle Reef deposits, commencing a 12,800m grade control drilling program at Redcastle Reef that has returned exceptionally high-grade assays and broad mineralised intercepts. The company also completed reverse circulation drilling at the Morgan’s Castle East and Sligo targets to test their geological potential and lodged a Mine Development and Closure Plan for key mining leases with Western Australian regulators ahead of schedule, a major permitting milestone that positions Redcastle for near-term gold production and potentially enhances the value of its emerging gold portfolio in the Eastern Goldfields.
The most recent analyst rating on (AU:RC1) stock is a Sell with a A$0.19 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources has reported a new set of assay results from its ongoing reverse circulation grade control drilling campaign at the Redcastle Reef deposit, with more than 6,500 assays from 134 new holes confirming multiple shallow, high-grade gold shoots and strong mineralisation continuity across the lode system. With about 55% of the planned 12,800m program now complete, the closely spaced drilling is expanding the known footprint of very high-grade mineralisation and validating the company’s geological interpretation, providing greater confidence for near-term mine planning, scheduling and early access to shallow, high-grade ore that is expected to enhance operational flexibility and support upcoming production plans.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources has amended a recent ASX announcement on its TBone Belt exploration campaign to incorporate additional cross-sectional figures and historical drilling location data, as well as updated JORC table disclosures and a clarified Competent Person Statement. The updated release confirms the identification of 16 potential walk-up gold targets across the largely underexplored TBone Belt, derived from a comprehensive compilation of historical surface geochemistry and limited drilling, and outlines planned validation work to address the reliability and limitations of historical results, signalling material upside exploration potential for the company’s gold portfolio.
The most recent analyst rating on (AU:RC1) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited has applied to the ASX for quotation of 1,000,000 new options (ASX code RC1OA), each expiring on 7 October 2028, with an issue date of 14 January 2026. The option quotation follows a period in which the company has been consolidating its issued capital, signalling an active approach to restructuring its capital base and potentially enhancing liquidity and flexibility for existing and future investors.
The most recent analyst rating on (AU:RC1) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited has disclosed a change in the holdings of director Xusheng (Sean) Ke, who increased his interest in the company through the acquisition of 13,889 listed options. The options, exercisable at $0.15 and expiring on 7 October 2028, were taken up under a loyalty option entitlement offer at a price of $0.01 per option, lifting his total listed option holding to 1,550,926 while his shareholding and unlisted option positions remain unchanged. The move signals continued director support for the company’s capital structure and ongoing funding initiatives, which may be interpreted by investors as a vote of confidence in the company’s medium-term prospects.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited, listed on the ASX under code RC1, has applied for quotation of a new class of options, expanding its listed securities on the Australian market. The company has lodged an application with the ASX to quote 33,255,579 new options, exercisable at $0.15 and expiring on 7 October 2028, a move that broadens its capital structure and provides potential future equity funding pathways for the business and its investors.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited has disclosed the top 20 holders of its RC1OA options, exercisable at $0.15 and expiring on 7 October 2028, representing a significant portion of its options capital structure. The report shows that the top 20 option holders collectively control 70.19% of the 33.26 million RC1OA options on issue, with BML Ventures Pty Ltd the largest holder at 20.75%, indicating a relatively concentrated ownership profile that may influence future capital-raising dynamics and potential option conversions for the company and its investors.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources has identified 16 potential “walk-up” gold targets across the TBone Belt, based on a comprehensive compilation and review of historical surface geochemistry from open-file WAMEX reports combined with its own fieldwork. Only about half of the TBone Belt has historically been sampled and drilling is sparse, leaving large areas untested by modern exploration; this enhances the belt’s discovery upside and expands Redcastle’s target inventory beyond historical workings, improving the company’s pipeline of prospects and supporting more systematic future exploration and prioritisation efforts.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited has notified the market of the issue of 14,940,749 unquoted options, each exercisable at $0.15 and expiring on 7 October 2028. The new options, issued on 9 January 2026, expand the company’s unquoted equity base and may provide additional capital-raising potential in future if exercised, with implications for existing shareholders through possible dilution and for the company’s funding flexibility.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources has completed its pro-rata non-renounceable loyalty option offer, issuing one option for every eight shares at $0.01 per option, together with a shortfall offer, resulting in the issue of 14,940,749 new options and raising a total of $149,406. The funds, which attracted strong demand via both entitlement acceptances and shortfall applications, will be directed towards the costs of the offer and general working capital, with the new options scheduled to be allotted on 9 January 2026 and to commence trading on the ASX shortly, modestly strengthening the company’s liquidity and capital position.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited has updated its previously announced non-renounceable pro rata securities issue on the ASX, correcting the number of options to be issued due to a rounding discrepancy. The adjustment, formalised in a new Appendix 3B filing, is administrative in nature and does not alter the overall structure of the capital raising, but ensures accuracy in the company’s quoted securities and compliance with ASX listing requirements, providing clearer information for current and prospective shareholders.
The most recent analyst rating on (AU:RC1) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Redcastle Resources Limited stock, see the AU:RC1 Stock Forecast page.
Redcastle Resources Limited has invited eligible shareholders to participate in a non-renounceable pro-rata 1-for-8 loyalty option entitlement offer, priced at $0.01 per option, to raise up to approximately $149,406 before costs. The options, which have an exercise price of $0.15 and expire on 7 October 2028, are available to shareholders on the register as at 16 December 2025, with an additional shortfall facility allowing applications for any unsubscribed options, and the offer is being conducted primarily via electronic access through Automic’s investor portal, with a closing date of 2 January 2026, reflecting the company’s push toward digital communication and modest capital raising from its existing investor base.
Redcastle Resources has launched a loyalty options offer, providing eligible shareholders one loyalty option for every eight shares held at an issue price of $0.01, exercisable at $0.15 by 7 October 2028, alongside issuing 1,000,000 broker options on the same exercise terms to Xcel Capital Pty Ltd or its nominees. The initiative is designed to reward existing shareholders, deepen their participation in the company’s future growth and facilitate the listing of both loyalty and broker options on the ASX, which will increase the total number of options on issue to about 48.5 million, although shareholders outside Australia and New Zealand are excluded under ASX listing rules due to cost and regulatory considerations.
Redcastle Resources Limited announced the cessation of 4,200,000 options under the ASX security code RC1AD due to their expiration on December 17, 2025. This development marks a minor reduction in the company’s issued capital, potentially streamlining its securities structure and aligning with financial objectives. Stakeholders may interpret this as part of routine capital adjustments rather than a significant strategic shift.
Redcastle Resources Limited has reported promising initial assay results from its grade control drilling at the Redcastle Reef deposit, revealing exceptionally high-grade gold intercepts. These results confirm the continuity and high-grade nature of the mineralized system, supporting the existing Mineral Resource Estimate and enhancing the company’s mine planning and production capabilities.
Redcastle Resources Limited has announced a prospectus for a pro-rata non-renounceable entitlement issue of Loyalty Options and Broker Options. The Loyalty Options are exercisable at $0.15 on or before October 7, 2028, and are offered at a price of $0.01 per option to raise up to $149,406. The Broker Options, totaling 1,000,000, are also exercisable at $0.15 and are offered to Xcel Capital Pty Ltd. This move is part of Redcastle’s strategy to enhance shareholder value and engage with its stakeholders, although the options are considered highly speculative.
Redcastle Resources Limited has announced a change in the director’s interest in securities, specifically involving a 1:10 consolidation of its issued capital. This adjustment results in a reduction of the number of fully paid ordinary shares and unlisted options held by Director Ray Shaw, reflecting a strategic move to streamline the company’s capital structure.
Redcastle Resources Limited has announced an update regarding its proposed issue of securities, specifically a non-renounceable pro rata issue. The update primarily concerns a change in the timetable for this securities issuance, which may affect the company’s financial strategy and stakeholder expectations.
Redcastle Resources Limited has announced a proposed non-renounceable pro rata issue of securities, with a maximum of 14,940,570 options expiring on October 7, 2028, at an exercise price of $0.015. This strategic move is expected to bolster the company’s financial position and enhance its operational capabilities, potentially impacting its industry standing and offering new opportunities for stakeholders.
Redcastle Resources Ltd has completed a share consolidation at a 10:1 ratio, as approved in their recent Annual General Meeting. This consolidation results in a new capital structure, with the company reverting to the ASX code ‘RC1’ for its fully paid ordinary shares. The consolidation is expected to streamline the company’s capital structure, potentially enhancing its market positioning and simplifying trading for stakeholders.
Redcastle Resources Limited has announced a change in the director’s interest, specifically regarding Ray Shaw, who has acquired 10,000,000 unlisted options exercisable at $0.015, expiring on 7 October 2028. This acquisition is part of a performance-linked incentive approved by shareholders to align the director’s interests with those of the shareholders, indicating a strategic move to enhance director motivation and shareholder value.
Redcastle Resources Limited has issued shares without disclosure to investors, in accordance with Section 708A(5) of the Corporations Act. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information requiring disclosure, indicating a transparent and compliant approach to its securities issuance.
Redcastle Resources Limited has announced the approval and upcoming quotation of new securities following the recent AGM held on November 27, 2025. The company will be issuing 7,232,727 ordinary fully paid shares, which are set to be quoted on December 2, 2025. This move is part of Redcastle’s strategic efforts to enhance its market presence and provide additional value to its stakeholders.
Redcastle Resources Limited has announced the issuance of 10 million unlisted options, divided equally between options exercisable at $0.02 and $0.03, both set to expire on December 1, 2028. This move could potentially enhance the company’s capital structure and provide additional financial flexibility, impacting its market positioning and offering potential benefits to stakeholders.
Redcastle Resources Limited announced the issuance of 35 million unquoted options, set to expire in October 2028, with an exercise price of $0.015. This move could potentially impact the company’s capital structure and stakeholder interests by increasing the number of securities in circulation, which may influence market perception and investor confidence.
Redcastle Resources Limited has announced a significant acquisition in the Eastern Goldfields, expanding its footprint in the Golden Circle. This strategic move is expected to enhance the company’s operations and potentially strengthen its position in the gold mining industry, offering new opportunities for growth and development.
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.
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.
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.