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Redstone Resources Limited (ASX:RDS)

ALERT: Price-sensitive ASX Announcement for RDS
Current share price for RDS : $0.003 0 (0%)+
Release
31 Jul 2026 6:50PM
Price at Release
$0.003
Full Release
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Summary
Redstone Resources Limited (ASX: RDS) has announced its quarterly activities and cashflow report for the period ending 30 June 2026. The company has acquired a 100% interest in several high-potential exploration projects in Western Australia, targeting commodities such as gold, lithium, copper, and base metals, which are expected to provide significant exploration opportunities. Key projects include the Mt Cauden Gold and Lithium Project, Twin Hills Gold Project, Rudall East Mt Isa-style Cu-Au Project, and the Cockatoo Rocks LCT Pegmatite Project. Redstone has obtained Program of Work approvals for Mt Cauden and Twin Hills, ensuring expedited exploration efforts. Additionally, Redstone is advancing its Saturn Project in the West Musgrave region, which is promising for PGE and copper-nickel mineralisation. The company has also continued its activities at the James Bay Lithium JV Projects in Canada, although no exploration work was conducted there during the quarter. Financially, the company reports a cash position with significant shares issued to Hurricane Prospecting Pty Ltd as part of the acquisition agreement.
Key Points
  • Acquisition of prospective exploration projects in Western Australia.
  • Projects target gold, lithium, copper, and base metals.
  • Key projects include Mt Cauden, Twin Hills, Rudall East, and Cockatoo Rocks.
  • Program of Work approvals secured for Mt Cauden and Twin Hills.
  • Advancement of Saturn Project in West Musgrave.
  • James Bay Lithium JV Projects in Canada noted but no recent exploration.
  • 75 million shares issued as part of acquisition deal with Hurricane Prospecting.
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.