en.Wedoany.com Reported - Redcastle Resources has received approval to transition its Queen Alexandra and Redcastle Reef gold mines in Western Australia from the exploration phase to production. The company will accelerate the commencement of mining operations through the Redcastle-BML Ventures joint venture, with BML Ventures acting as the operator.

Currently, logistical support has been arranged, and a fleet of heavy mining equipment has arrived at mining lease M39/318, which contains the two major deposits. Drilling operations related to the initial blasting are progressing rapidly.

Chairman Raymond Shaw stated: "Through the joint venture with BML Ventures, Redcastle Resources is transforming from an explorer into a gold producer with a capital-light model, which we believe will deliver exceptional gold leverage for shareholders. Within days of receiving approval for the mine development proposal, equipment arrived on site and blast hole drilling has commenced, putting us on track to break ground ahead of schedule."

Continuous mining operations are expected to commence before the end of May 2026. Redcastle Resources is an emerging gold producer with assets primarily located in the Goldfields-Esperance region of Western Australia.

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