Redcastle Confirms Mining Proposal Submission and Four Drilling Campaigns
Redcastle Resources and BML advance their strategic gold joint venture with key studies completed and mining proposal submission expected by late 2025, targeting initial production in early 2026.
- Queen Alexandra scoping study confirmed sufficient for mining proposal
- Internal study underway to integrate Redcastle Reef into mining plans
- Mill access negotiations progressing under BML leadership
- Four drilling campaigns planned to de-risk operations
- Mining proposal submission targeted for mid-Q4 2025; mining start aimed for late Q1 2026
Strategic JV Momentum Builds
Redcastle Resources Ltd (ASX – RC1) has provided a significant update on its joint venture with BML, focused on gold production from the Queen Alexandra and Redcastle Reef deposits in Western Australia. Since the JV’s inception on 1 September 2025, both parties have moved swiftly to advance critical preparatory work, signaling strong alignment and shared enthusiasm for the project’s potential.
The recent confirmation that the independent scoping study for Queen Alexandra is fully sufficient to support a comprehensive mining proposal marks a pivotal milestone. Meanwhile, an internal study is underway to incorporate Redcastle Reef into the mining plans, reflecting a methodical approach to consolidating resources and optimising project scope.
Operational Preparations and Drilling Campaigns
September’s activities have been intensive, covering environmental permitting, geotechnical assessments, hydrology studies, and haul road design. These foundational steps are critical to ensuring regulatory compliance and operational readiness. Notably, BML is preparing to launch four distinct drilling campaigns, including grade control, diamond drilling for pit wall stability, sterilisation drilling, and deep reverse circulation drilling to explore deeper lodes beneath Queen Alexandra.
The drilling programs, planned to commence by mid-October 2025, are designed to de-risk near-term operations and refine pit designs. This proactive exploration effort underscores the JV’s commitment to robust data-driven decision-making ahead of final investment decisions.
Mill Access and Regulatory Pathway
Securing processing capacity remains a key focus, with BML leading confidential negotiations for mill access to treat ore from both deposits during 2026. While no guarantees have been provided regarding the outcome of these talks, successful mill arrangements will be crucial for operational viability.
Concurrently, the JV is preparing a mining proposal for submission to the Western Australian Department of Mines, Petroleum and Energy by mid-Q4 2025. Subject to approvals, initial mining at the ML39/318 site is targeted for late Q1 2026, aligning with the JV’s ambition to transition swiftly from planning to production.
Looking Ahead
With a strengthening gold price backdrop and comprehensive preparatory work underway, Redcastle Resources and BML appear well-positioned to advance their gold production ambitions. The final investment decision is expected by the end of 2025, contingent on regulatory approvals and the outcome of mill negotiations. Investors will be watching closely as drilling results and regulatory milestones unfold, shaping the project’s trajectory into 2026.
Bottom Line?
As Redcastle and BML push toward final approvals and production, the next few months will be critical in transforming gold potential into tangible output.
Questions in the middle?
- Will mill access negotiations conclude successfully and on favourable terms?
- What will the drilling campaigns reveal about deeper gold lodes and pit stability?
- How quickly can regulatory approvals be secured to meet the targeted mining start?
