Redcastle Resources continues ‘breakout year’ with MRE update

Redcastle Resources has been enjoying a “breakout year” and now the good times are rolling on in July with a Mineral Resources update company director Ron Miller told HotCopper is nothing short of a “great result.”

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“This delivers another piece of the production puzzle and we’ve got three to go, building on the back of our MOU with Terra Mining,” Mr Miller explained.

Not only has the MRE been a major windfall, but Redcastle is also now deep in discussions with several contractors “interested in milling our ore.” That comes alongside work on a mining plan to be submitted and approved in July.

Everything is progressing well, but in Redcastle’s command room, “grade is still king.” The WA miner “has a total of 488,000 tonnes at 2.7 grams per tonne for 42,000 ounces — and that includes dilution,” Mr Miller said.

The explorer is also focused on getting a native title agreement in place for the mine.

RC1 has been up +60% this last month, despite a -11% dip in Week 26.

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