Redcastle ticks off milestone on production path with mine development and closure plan

• Mine Development and Closure Plan submitted to WA DMPE for Queen Alexandra and Redcastle Reef deposits
• Subject to approval, groundbreaking activities to begin late in Q1 2026

Special Report: Redcastle Resources has taken a key regulatory step on the path to production at its namesake WA gold project, submitting a mine development and closure plan (MDCP) to the WA Department of Minerals, Petroleum and Exploration (DMPE).

The MDCP covers the Queen Alexandra (QA) and Redcastle Reef (RR) gold deposits, which are subject to a joint venture between Redcastle Resources (ASX:RC1) and BML Ventures.

Redcastle chair Raymond Shaw said the company was delighted to have submitted the MDCP for the QA and RR deposits as it moved swiftly toward planned operational start-up for gold production in Q1 2026.

“Since formation, the RB JV has rapidly increased its momentum to advance its capital-light gold production strategy ahead of schedule; and we remain committed to accelerating both drilling and the necessary approvals in readiness for operational start-up next year,” he said.

“This will provide a quantum change in the company’s growth potential in our recently substantially increased inventory of Eastern Goldfield’s concessions.”

Expedited grade control drilling

The Redcastle JV was formed to expediate potential gold mining operations at RC1’s QA and RR deposits, hastening the submission of the MDCP while also supporting two simultaneous drilling programs across the Redcastle project area.

A grade control drilling program is currently underway at the RR deposit, advancing it toward a potential update to the deposit’s mineral resource estimate.

The JV partners are also undertaking about 2700 metres of reverse circulation drilling at the Morgan’s Castle East and Sligo gold prospects, with two rigs operating simultaneously to keep up the rapid pace of activities across the project area.

RC1 expects to collect initial results from both drilling programs in the first quarter 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.