Redcastle Resources Ltd. Quarterly Activities Report
Key points
- Mining commenced at Redcastle Reef with ore stockpiled for third-party processing
- Completed RR-QA grade-control drilling totaling 22,349 m
- Executed Kilkenny agreement to earn 60% of a 6,419-ha tenement package
- Completed A$2.0 million placement at A$0.14 per share
- Post-quarter, mining commenced at Queen Alexandra
Full summary
Redcastle Resources Ltd. (ASX: RC1) reported significant progress in its quarterly activities, including the commencement of mining at Redcastle Reef, with ore being stockpiled for third-party processing. The company completed grade-control drilling totaling 22,349 meters, enhancing production planning. Additionally, the Kilkenny Earn-In and Joint Venture Agreement was executed, providing a pathway to earn a 60% interest in a 6,419-hectare tenement package. The company also completed an A$2.0 million placement at A$0.14 per share. Post-quarter, mining commenced at Queen Alexandra.
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