Redcastle Resources (ASX:RC1) has approved transitioning from exploration to production at its Queen Alexandra and Redcastle Reef gold deposits in Western Australia.
Redcastle will fast-track mobilisation for launching mining operations. The work will be carried out through the Redcastle-BML Ventures joint venture, with BML Ventures acting as operator.
Logistical support for personnel and materials had been arranged, and key preparatory activities are well underway at the time of writing.
The heavy mining equipment fleet has begun arriving at the M39/318 mining lease, which hosts both the Queen Alexandra and Redcastle Reef deposits.
Blast-hole drilling associated with initial blasting operations is underway and progressing quickly.
“Through our joint venture with BML Ventures, RC1 is transitioning from explorer to gold producer in a capital-light model that we believe delivers exceptional leverage to gold for our shareholders,” Chairman Raymond Shaw says.
“Within days of receiving mine development proposal approval, equipment is arriving onsite, blast-hole drilling has commenced, and we are tracking to breaking ground earlier than planned.”
Continuous mining operations are expected to be underway before the end of May 2026.
Redcastle Resources is an emerging gold producer with assets primarily in Western Australia’s Goldfields-Esperance region.
Write to Richard Szabo at Mining.com.au
Images: Redcastle Resources
