Latest news with #RedcastleResources
The Australian
3 days ago
- Business
- The Australian
StockTake: Redcastle Resources
Stockhead's Tylah Tully looks at the latest news from Redcastle Resources (ASX:RC1), who is fast tracking a pre-feasibility study at the Queen Alexandra gold project in Leonora. Redcastle released a scoping study released earlier this month which detailed the project as high-return, staged, open-pit concept. Watch the video to learn more. This video was developed in collaboration with Redcastle Resources, a Stockhead advertiser at the time of publishing. This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The Australian
04-08-2025
- Business
- The Australian
RC1's Queen Alexandra flags high returns
Special Report: Redcastle Resources has pulled the covers off an independent scoping study that highlights the potential of its Queen Alexandra gold project in WA's Eastern Goldfields to deliver strong returns. Redcastle's Queen Alexandra project targets 13,700oz gold production to generate $65.6m revenue over 10 months Total funding requirement estimated at $21-22m with pre-tax cash flow of $14-15m Scoping study highlights potential for further expansion that will add another 1700oz The study found that at current commodity prices, a two stage open pit development would be able to produce 13,700oz of gold by processing 181,000t of ore at an average head grade of 2.56g/t over a 10 month period. Using a gold price of $4800/oz, this is expected to generate revenue of $65.6m and undiscounted pre-tax cash flow of between $14m and $15m. Total funding costs for Redcastle Resources (ASX:RC1) are estimated at $21-22m with pre-mining capital and start-up costs of about $6m. "2025 remains a breakout year for Redcastle. The release of our initial scoping study for Queen Alexandra (QA) further reinforces this significance,' non-executive chairman Raymond Shaw said. 'This opportunity is supported by modest capital requirements and compelling economics at current gold prices. 'With strong grades, straightforward metallurgy, and close proximity to existing processing infrastructure, the low-risk development outlined for the initial shallow pit design confirms the potential for near-term production.' Oblique view of the Stage 1 (pink) and Stage 2 (blue). Pic: Redcastle Resources Scoping study The scoping study found that about 73,000t of higher grade material (3.83g/t gold) would be available for milling at the end of the fifth month, which exceeds the assumed minimum parcel size of 50,000t for toll treatment. This will produce about 8300oz of gold, which is a little less than two thirds of the overall production target of 13,700oz. RC1 also has a great deal of confidence in meeting these numbers as a hefty 91% of the production target comes out of Queen Alexandra's indicated resources with only 9% drawn from inferred resources. There is also potential for further upside by carrying out a third stage pit expansion to a depth of about 70m, which will allow access to a further 1700oz of gold depending on the gold price, final pit design and successful application of grade control procedures. Additional work will be required to expand the pit or consider underground mining opportunities to access the deeper Kestrel, Hawk and Eagle lodes which have high grade intersections and visible gold. The company add the study found that Queen Alexandra has a breakeven price of ~$3700/oz and that every $100 increase in the gold price above $4800/oz results in extra revenue of about $1.4m. Queen Alexandra currently has an indicated resource of 167,000t grading 2.9g/t, or 16,000oz of contained gold, and an inferred resource of 98,000t at 4.1g/t, or 13,000oz of contained gold. Next steps RC1 has begun discussions and is evaluating options for a toll milling agreement whilst also assessing a Joint Venture proposal relating to production and milling operations. The company is actively planning a Phase 2 scoping study that will investigate the concurrent mining of the nearby Redcastle Reef project, which has an indicated resource of 146,000t at 1.9g/t, or 9000oz of contained gold. It will also carry out all essential geotechnical and sterilisation drilling later in 2025 along with hydrology and ground water studies. Additionally, work will be carried out on final pit design, , equipment optimisation and site layout. Looking further ahead, the company will define an ore reserve, complete a feasibility study and finalise environmental studies. This will enable the compilation and submission of a mining plan during the first half of 2026. This article was developed in collaboration with Redcastle Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Herald Sun
17-06-2025
- Business
- Herald Sun
Explorers Podcast: Redcastle sets sights on shallow gold and early cashflow
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Stockhead's 'Garimpeiro' columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this edition, Barry chats with Ron Miller, director of Redcastle Resources (ASX:RC1), about the company's progress across its gold projects in WA's Eastern Goldfields. With promising hits at the Queen Alexandra prospect and a focus on shallow, high-grade mineralisation, Redcastle is working toward an updated resource and potential early-stage production. The company's strategy includes toll treating and targeting rapid, low-cost development across a historically rich goldfield. Listen in as Ron outlines how Redcastle plans to unlock value from its portfolio and set a clear path to cashflow. This podcast was developed in collaboration with Redcastle Resources, a Stockhead advertiser at the time of publishing. The interviews and discussions in this podcast are opinions only and not financial or investment advice. Listeners should obtain independent advice based on their own circumstances before making any financial decisions. Originally published as Explorers Podcast: Redcastle sets sights on shallow gold and early cashflow
