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Redcastle Resources Limited ( (AU:RC1) ) has issued an announcement.
Redcastle Resources Ltd has initiated an 8,500-metre reverse circulation drilling program at its Queen Alexandra and Redcastle Reef Projects, aiming to expand and identify new JORC resources. The company has also completed the acquisition of a prospecting license and raised $3.7 million to accelerate exploration work in 2025. These developments, coupled with support from the Exploration Incentive Scheme, position Redcastle to potentially unlock significant value from its Eastern Goldfields assets, enhancing its market positioning.
More about Redcastle Resources Limited
Redcastle Resources Ltd is a company operating in the mining industry, focused on gold exploration. Its primary projects are located in the highly prospective Eastern Goldfields region of Western Australia, specifically between the Leonora-Laverton area. The company targets expanding its resource base and identifying new gold mineralization zones.
Average Trading Volume: 2,880,591
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$5.2M
Find detailed analytics on RC1 stock on TipRanks’ Stock Analysis page.
