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Redcastle Resources Limited (ASX:RC1)

ALERT: Price-sensitive ASX Announcement for RC1
Current share price for RC1 : $0.105 -0.07 (-40%)+
Announcement
Release
30 Jan 2026 5:14PM
Price at Release
$0.175
Full Release
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Summary
Redcastle Resources Limited reported on its activities for the quarter ending December 31, 2025. The company focused on its Redcastle Reef (RR) gold deposit, where exceptional grade control drilling results were obtained, including high-grade gold assays. The RB JV commenced a significant drilling program aimed at improving grade definition for mine planning. A Mine Development and Closure Plan was also submitted ahead of schedule to the WA Department of Minerals, Petroleum and Exploration, marking progress towards gold production. The financial report detailed a cash balance of $1.121 million at the end of the quarter, with notable expenditures on exploration and evaluation. The company did not engage in substantive mining production during the quarter.
Key Points
  • RB JV commenced Grade Control drilling at Redcastle Reef.
  • Exceptional gold assays reported, including 7m @ 527 g/t Au.
  • Mine Development and Closure Plan submitted ahead of schedule.
  • Net cash used in operating activities was $352,000 for the quarter.
  • Cash balance at the end of the quarter was $1.121 million.
  • Exploration and Evaluation expenditure during the quarter was $508,000.
  • No substantive mining production activities occurred during the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.