Redcastle plugs gap in Leonora-Laverton footprint with key new gold prospecting licence

• Redcastle Resources acquires prospecting licence to expand TBone Belt holdings
• Strategic licence sits in heart of company’s Eastern Goldfields position with favourable geology
• Immediate field programs planned include geological mapping, rock sampling and soil surveys across expanded ground

Special Report: Redcastle Resources has consolidated its footprint in the Leonora-Laverton Goldfields region of WA with the acquisition of a strategically located prospecting licence from a private prospector.

The 199 hectare (~2km2) P39/5838 prospecting licence sits right at the heart of the company’s recently acquired TBone Belt tenement package and builds further continuity across a key structural corridor while enhancing the scale of TBone at the modest cost of just $35,500.

Redcastle Resources (ASX:RC1) had picked up the ~7173 hectare TBone package at the beginning of September 2025, which is directly adjacent to its Queen Alexandra and Redcastle Reef deposits.

The TBone tenements feature magnetically expressed structural corridors showing brittle-ductile strain, shear zones and alteration, with cross-cutting/laminated quartz veins and punctuated along strike with shallow historical workings.

Notably, they gave the company a pipeline of “walk-up” exploration targets in a region known for its gold mineralisation.

Listen: Ron Miller chats with Barry FitzGerald

In a previous instalment of the Explorers Podcast, host Barry FitzGerald is joined by Redcastle Resources director Ron Miller after the West Australian gold explorer achieved a slew of successes southeast of Leonora.

‘Bolt-on’ acquisition

The acquisition of P39/5838 adds what RC1 describes as a “bolt-on” licence in the heart of its Eastern Goldfields position.

It encompasses Archean greenstone lithologies similar to those hosting major gold deposits in the region and is traversed by at least two northwest-striking dolerite units.

This geological framework, competent mafic units bounded by contrasting rock types and cut by quartz veins, is well known to localise possible gold mineralisation in orogenic gold systems.

Work is now underway to integrate the new licence into the company’s exploration strategy for the TBone project area.

All geological and geophysical data from P39/5838 are being merged with Redcastle’s regional database to allow for a systematic exploration approach that focuses on most prospective structural corridors and lithological contacts that extend through P39/5838 into the wider TBone Belt area.

Ongoing exploration

RC1 will immediately extend its field programs to include the new licence.

Planned work across its existing tenements and the now-expanded TBone Belt includes detailed geological mapping and systematic rock-chip sampling.

Soil geochemical surveys are also being considered to detect a potential near-surface gold anomalism.

In parallel to this, RC1 is also reviewing open-file magnetic and radiometric datasets, with a view to undertaking proprietary reprocessing to better delineate the continuity of dolerite bodies and shear zones at depth.

This work is aimed at refining drill targets that will then be incorporated into reconnaissance drilling campaigns at the appropriate time.

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.