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Redcastle Resources Limited (ASX:RC1)

ALERT: Price-sensitive ASX Announcement for RC1
Current share price for RC1 : $0.086 -0.014 (-14%)+
Announcement
Release
29 Jul 2026 11:37AM
Price at Release
$0.100
Full Release
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Summary
Redcastle Resources Limited's quarterly cash flow report for the period ending 30 June 2026 indicates a net cash outflow from operating activities of $429,000 and from investing activities of $443,000. The company received $1,955,000 from the issuance of equity securities, leading to a positive net cash inflow from financing activities. Key exploration activities included extensive drilling in the RR-QA mining sites to support ore-waste definition and grade-control modeling. The company also finalized agreements to earn a 60% interest in the Kilkenny Belt, expanding its mining footprint. Cash and cash equivalents at the end of the quarter stood at $1,763,000, providing an estimated 2.19 quarters of funding.
Key Points
  • Net cash outflow from operating activities was $429,000.
  • Net cash outflow from investing activities was $443,000.
  • Proceeds from equity securities issuance were $1,955,000.
  • Extensive drilling at RR-QA sites for mining and grade-control.
  • Finalized agreement to earn 60% interest in Kilkenny Belt.
  • Cash and cash equivalents at the end of the quarter were $1,763,000.
  • Estimated quarters of funding available are 2.19.
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.