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Redstone Resources Limited (ASX:RDS)

ALERT: Price-sensitive ASX Announcement for RDS
Current share price for RDS : $0.003 0.001 (50%)+
Announcement
Release
18 Jun 2026 8:21AM
Price at Release
$0.002
Full Release
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Summary
Redstone Resources Limited (ASX Code: RDS) announced the acquisition of a strategic portfolio of gold, lithium, copper, and base metals exploration projects in Western Australia, effective June 18, 2026. The acquisition, which involves issuing 75 million shares to Hurricane Prospecting Pty Ltd, includes high-potential assets like the Mt Cauden Gold and Lithium Project and the Twin Hills Gold Project. The projects lie in prime mineral districts and offer significant exploration opportunities. The acquisition aligns with Redstone's strategy to enhance its exposure to high-demand commodities, leveraging existing infrastructure and accessibility. The company has secured necessary Program of Work approvals to expedite exploration activities, emphasizing its strategic focus on expanding its footprint within established Western Australian mining corridors.
Key Points
  • Redstone Resources Limited acquires 100% interest in a suite of exploration projects in Western Australia.
  • The acquisition includes projects with gold, lithium, copper, and base metals.
  • Key projects include Mt Cauden Gold and Lithium Project and Twin Hills Gold Project.
  • The acquisition is structured with 75 million shares issued to Hurricane Prospecting Pty Ltd.
  • Programs of Work approvals already secured for key projects.
  • Projects are located in Tier 1 jurisdictions with proven mineral endowment.
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.