InvestSMART

Redstone Resources Limited (ASX:RDS)

ALERT: Price-sensitive ASX Announcement for RDS
Current share price for RDS : $0.003 0 (0%)+
Announcement
Release
30 Apr 2026 4:18PM
Price at Release
$0.003
Full Release
download
Summary
Redstone Resources Limited's quarterly report ending March 31, 2026, highlights ongoing activities at their West Musgrave Copper Project in Western Australia, where they are continuing to analyze deep drilling results and plan further exploration efforts. The company has secured a government grant to support drilling programs targeting magnetic anomalies near the Tollu Copper Deposit. Additionally, Redstone is exploring new gold and critical minerals projects and maintains involvement in the James Bay Lithium Project in Canada through a joint venture. The company reported net cash used in operating activities and ended the period with cash and cash equivalents totaling $694,000.
Key Points
  • Redstone Resources Limited (ASX: RDS) continues exploration at the West Musgrave Copper Project in Western Australia.
  • The company is analyzing results from a deep diamond hole (TLD005) beneath the Tollu Copper Deposit.
  • They are planning further exploration and drilling programs, including a potential RC drilling program of 14 holes over 3,300m.
  • Redstone received a $180,000 EIS co-fund grant for drilling programs targeting magnetic anomalies NE of the Tollu Cu deposit.
  • The company is actively pursuing new gold and critical minerals projects to enhance its asset portfolio.
  • Redstone is engaged in the James Bay Lithium Project in Canada through a 50/50 JV with Galan Lithium Limited.
  • No exploration work was completed at the James Bay Lithium Projects or HanTails Gold Project during the quarter.
  • Cash flow for the quarter included $134,000 used in operating activities, with a net cash decrease to $694,000.
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.