en.Wedoany.com Reported - Redcastle Resources (ASX: RC1) has commenced simultaneous mining operations at its Redcastle Reef and Queen Alexandra gold deposits, located in the Eastern Goldfields region of Western Australia.

Mining at Redcastle Reef is progressing as part of the planned open-pit mining sequence, with ore material being continuously extracted and stockpiled on site. Work has also commenced at the adjacent Queen Alexandra deposit, where mining is underway following surface clearing. The two deposits are approximately 700 meters apart, allowing for shared infrastructure, equipment, and site activities.

Mining operations are conducted through the Redcastle-BML Ventures joint venture, with BML Ventures serving as the operator. Under the joint venture agreement, BML is responsible for providing 100% of the mining and working capital for both deposits until first revenue is generated.

Current mining activities are focused on the near-surface oxide ore extraction phase within the approved boundary of Redcastle Reef. Initial ore haulage is expected to commence soon, ahead of the first toll processing campaign at the Wiluna processing plant.

The joint venture mining operation is expected to generate cash flow in the coming months.

The Redcastle project area currently hosts mineral resources at the Redcastle Reef and Queen Alexandra deposits. Nearby prospects include Morgan's Castle East, Sligo, Coronation, South Queen, and Battery Lode, which the company plans to evaluate through future exploration.

The company also holds the Kilkenny Belt earn-in agreement, allowing it to acquire up to a 60% interest in the project. Redcastle plans to conduct near-mine exploration across the project area, with targeted exploration drilling in the TBone Belt scheduled for the second half of 2026, while field activities in the Kilkenny Belt are planned ahead of drilling campaigns in the first half of 2027.