# RC1: Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146388

Publisher: asx

Original announcement: 2026-09-30T06:23:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T07:27:49.160Z

Atlas analysis updated: 2026-09-30T07:27:49.160Z

- Company: Redcastle Resources Limited

- Ticker: RC1

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Resource update, Production

- Extracted: 2026-09-30 07:27:49 UTC

Narrative sentiment: 0.10 · Bullish

## Minestarters Atlas summary

Redcastle Resources Limited transitioned to active mining operations at its Redcastle Gold Project in Western Australia, reporting multiple bonanza-grade drill intercepts from grade-control and exploration programs. The company also presented an updated Mineral Resource Estimate from June 2025, showing a substantial increase in the Queen Alexandra Indicated Resource. Post-year-end, mining operations were temporarily suspended due to issues at a third-party processing plant, and the financial report notes a material uncertainty regarding the company's going concern status.

Reasoning: Redcastle Resources transitioned to active mining operations at its Redcastle Gold Project, reporting multiple bonanza-grade drill intercepts and a significant increase in the Queen Alexandra Indicated Resource. The company also expanded its landholding. However, the financial report highlights a material uncertainty regarding going concern, and mining operations were temporarily suspended post-year-end due to third-party processing issues, introducing significant risk.

- Positive factor: Commencement of mining operations at Redcastle Reef and Queen Alexandra

- Positive factor: Discovery of multiple bonanza-grade gold intercepts at Redcastle Reef

- Positive factor: Significant increase in Queen Alexandra Indicated Resource tonnage and contained metal

- Positive factor: Expansion of landholding through Kilkenny Belt earn-in agreement

- Positive factor: Positive drill results supporting geological models and extending mineralization

- Negative factor: Material uncertainty regarding the company's ability to continue as a going concern

- Negative factor: Temporary suspension of mining operations post-year-end due to third-party processing plant issues

- Negative factor: Drill intercepts reported as downhole lengths only, with true widths not determined or not representing true width

- Negative factor: Resource estimate effective date is over a year old \(June 2025\)

- Negative factor: Variable cut-off grades for Queen Alexandra resource estimate add complexity to interpretation

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 17

## Classification and evidence

No classification tags are available.

## Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

## Drill Results (17)

### BMRC173

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-0)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC173
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 527
- Grade Unit: g/t
- Intercept: 7 m
- From: 15 m
- To: 22 m
- Intercept Depth: 15 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC173:15-22
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is an exceptionally high-grade gold intercept over a significant width, indicating bonanza-grade mineralization within the Redcastle Reef system, which is highly material for resource definition and mine planning.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Significant intercept length

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> BMRC173: 7m at 527 g/t gold from 15m, including 1m at 3,650 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 7m at 527 g/t gold is exceptionally high-grade, well above the deposit-type norm for gold.

Evidence · text

> 7m at 527 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC173

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-1)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC173
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 3650
- Grade Unit: g/t
- Intercept: 1 m
- From: 15 m
- To: 16 m
- Intercept Depth: 15 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC173:15-16
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval represents an extremely high-grade bonanza intercept, significantly enhancing the overall prospectivity and economic potential of the Redcastle Reef deposit.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Extremely high-grade sub-interval

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> including 1m at 3,650 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 1m at 3,650 g/t gold is an exceptionally high-grade sub-interval, well above the deposit-type norm for gold.

Evidence · text

> 1m at 3,650 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC203

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-2)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC203
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 100.5
- Grade Unit: g/t
- Intercept: 4 m
- From: 50 m
- To: 54 m
- Intercept Depth: 50 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC203:50-54
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a very high-grade gold intercept over a good width, indicating bonanza-grade mineralization within the Redcastle Reef system, which is highly material for resource definition and mine planning.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Significant intercept length

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> BMRC203: 4m at 100.5 g/t gold from 50m, including 1m at 397 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 4m at 100.5 g/t gold is exceptionally high-grade, well above the deposit-type norm for gold.

Evidence · text

> 4m at 100.5 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC203

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-3)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC203
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 397
- Grade Unit: g/t
- Intercept: 1 m
- From: 50 m
- To: 51 m
- Intercept Depth: 50 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC203:50-51
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval represents an extremely high-grade bonanza intercept, significantly enhancing the overall prospectivity and economic potential of the Redcastle Reef deposit.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Extremely high-grade sub-interval

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> including 1m at 397 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 1m at 397 g/t gold is an exceptionally high-grade sub-interval, well above the deposit-type norm for gold.

Evidence · text

> 1m at 397 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC147

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-4)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC147
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 50.11
- Grade Unit: g/t
- Intercept: 10 m
- From: 12 m
- To: 22 m
- Intercept Depth: 12 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC147:12-22
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a very high-grade gold intercept over a significant width, indicating bonanza-grade mineralization within the Redcastle Reef system, which is highly material for resource definition and mine planning.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Significant intercept length

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> BMRC147: 10m at 50.11 g/t gold from 12m, including 1m at 311 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 10m at 50.11 g/t gold is exceptionally high-grade, well above the deposit-type norm for gold.

Evidence · text

> 10m at 50.11 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC147

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-5)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC147
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 311
- Grade Unit: g/t
- Intercept: 1 m
- From: 12 m
- To: 13 m
- Intercept Depth: 12 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC147:12-13
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval represents an extremely high-grade bonanza intercept, significantly enhancing the overall prospectivity and economic potential of the Redcastle Reef deposit.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Extremely high-grade sub-interval

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> including 1m at 311 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 1m at 311 g/t gold is an exceptionally high-grade sub-interval, well above the deposit-type norm for gold.

Evidence · text

> 1m at 311 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC436

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-6)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC436
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 15.19
- Grade Unit: g/t
- Intercept: 10 m
- From: 17 m
- To: 27 m
- Intercept Depth: 17 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC436:17-27
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade gold intercept over a significant width, indicating bonanza-grade mineralization within the Redcastle Reef system, which is highly material for resource definition and mine planning.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Significant intercept length

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> BMRC436: 10m at 15.19 g/t gold from 17m, including 1m at 121.0 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 10m at 15.19 g/t gold is exceptionally high-grade, well above the deposit-type norm for gold.

Evidence · text

> 10m at 15.19 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC436

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-7)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC436
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 121
- Grade Unit: g/t
- Intercept: 1 m
- From: 17 m
- To: 18 m
- Intercept Depth: 17 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC436:17-18
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval represents an extremely high-grade bonanza intercept, significantly enhancing the overall prospectivity and economic potential of the Redcastle Reef deposit.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Extremely high-grade sub-interval

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> including 1m at 121.0 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 1m at 121.0 g/t gold is an exceptionally high-grade sub-interval, well above the deposit-type norm for gold.

Evidence · text

> 1m at 121.0 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC105

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-8)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC105
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 6.42
- Grade Unit: g/t
- Intercept: 21 m
- From: 8 m
- To: 29 m
- Intercept Depth: 8 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC105:8-29
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a strong gold intercept over a significant width, indicating good mineralization within the Redcastle Reef system, which is material for resource definition and mine planning.

- Positive factor: Strong grade gold intercept

- Positive factor: Significant intercept length

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> BMRC105: 21m at 6.42 g/t gold from 8m, including 1m at 70.7 g/t gold.

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC105

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-9)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC105
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 70.7
- Grade Unit: g/t
- Intercept: 1 m
- From: 8 m
- To: 9 m
- Intercept Depth: 8 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC105:8-9
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This sub-interval represents an extremely high-grade bonanza intercept, significantly enhancing the overall prospectivity and economic potential of the Redcastle Reef deposit.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Extremely high-grade sub-interval

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> including 1m at 70.7 g/t gold.

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Bonanza Intercept** — Rejected; excluded from scoring

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The intercept of 1m at 70.7 g/t gold is an exceptionally high-grade sub-interval, well above the deposit-type norm for gold.

Evidence · text

> 1m at 70.7 g/t gold

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC444

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-10)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC444
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 4.63
- Grade Unit: g/t
- Intercept: 7 m
- From: 9 m
- To: 16 m
- Intercept Depth: 9 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC444:9-16
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a strong gold intercept from grade-control drilling, supporting the presence of shallow mineralization at Redcastle Reef.

- Positive factor: Strong grade gold intercept

- Positive factor: Supports geological interpretation of shallow mineralization

- Negative factor: Apparent width only

Evidence · text

> 7m at 4.63 g/t gold from 9m in BMRC444

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC453

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-11)

Redcastle Reef · gold

#### Identity

- Hole ID: BMRC453
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 3.82
- Grade Unit: g/t
- Intercept: 5 m
- From: 13 m
- To: 18 m
- Intercept Depth: 13 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC453:13-18
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a moderate gold intercept from grade-control drilling, supporting the presence of shallow mineralization at Redcastle Reef.

- Positive factor: Moderate grade gold intercept

- Positive factor: Supports geological interpretation of shallow mineralization

- Negative factor: Apparent width only

Evidence · text

> 5m at 3.82 g/t gold from 13m in BMRC453.

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of a grade-control program designed to improve definition for geological modelling and pit design.

Evidence · text

> completion of a comprehensive reverse circulation grade-control drilling programme at RR.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not yet determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC410

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-12)

Queen Alexandra · gold

#### Identity

- Hole ID: BMRC410
- Project: Queen Alexandra
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 12.3
- Grade Unit: g/t
- Intercept: 4 m
- From: 32 m
- To: 36 m
- Intercept Depth: 32 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC410:32-36
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade gold intercept from infill drilling at Queen Alexandra, supporting the geological model and providing detailed information for mine planning, though the grade is below the project's historical average.

- Positive factor: High grade gold intercept

- Positive factor: Supports interpreted stacked, shear-hosted lode system

- Negative factor: Apparent width only

- Negative factor: Lower than RAG average grade \(34.9 g/t\)

Evidence · text

> BMRC410: 4m at 12.3 g/t gold from 32m, including 1m at 29.4 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an infill program designed to improve definition of local grade distribution and ore-waste boundaries.

Evidence · text

> QA reverse circulation grade-control programme was completed

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC410

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-13)

Queen Alexandra · gold

#### Identity

- Hole ID: BMRC410
- Project: Queen Alexandra
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 29.4
- Grade Unit: g/t
- Intercept: 1 m
- From: 32 m
- To: 33 m
- Intercept Depth: 32 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC410:32-33
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This high-grade sub-interval from infill drilling at Queen Alexandra supports the geological model and provides detailed information for mine planning, though the grade is below the project's historical average.

- Positive factor: High grade gold intercept

- Positive factor: Supports interpreted stacked, shear-hosted lode system

- Negative factor: Apparent width only

- Negative factor: Lower than RAG average grade \(34.9 g/t\)

Evidence · text

> including 1m at 29.4 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an infill program designed to improve definition of local grade distribution and ore-waste boundaries.

Evidence · text

> QA reverse circulation grade-control programme was completed

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC425

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-14)

Queen Alexandra · gold

#### Identity

- Hole ID: BMRC425
- Project: Queen Alexandra
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 2.08
- Grade Unit: g/t
- Intercept: 7 m
- From: 49 m
- To: 56 m
- Intercept Depth: 49 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC425:49-56
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is a moderate gold intercept from infill drilling at Queen Alexandra, supporting the geological model, but the grade is significantly lower than the project's historical average.

- Positive factor: Moderate grade gold intercept

- Positive factor: Supports interpreted stacked, shear-hosted lode system

- Negative factor: Apparent width only

- Negative factor: Significantly lower than RAG average grade \(34.9 g/t\)

Evidence · text

> BMRC425: 7m at 2.08 g/t gold from 49m, including 2m at 4.65 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an infill program designed to improve definition of local grade distribution and ore-waste boundaries.

Evidence · text

> QA reverse circulation grade-control programme was completed

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### BMRC425

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-15)

Queen Alexandra · gold

#### Identity

- Hole ID: BMRC425
- Project: Queen Alexandra
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 4.65
- Grade Unit: g/t
- Intercept: 2 m
- From: 49 m
- To: 51 m
- Intercept Depth: 49 m

#### Classification

- Program: resource
- Sample Type: drill
- Group ID: BMRC425:49-51
- Mining Method: open\_pit

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This moderate-grade sub-interval from infill drilling at Queen Alexandra supports the geological model, but the grade is significantly lower than the project's historical average.

- Positive factor: Moderate grade gold intercept

- Positive factor: Supports interpreted stacked, shear-hosted lode system

- Negative factor: Apparent width only

- Negative factor: Significantly lower than RAG average grade \(34.9 g/t\)

Evidence · text

> including 2m at 4.65 g/t gold;

#### Tags used in scoring

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling is part of an infill program designed to improve definition of local grade distribution and ore-waste boundaries.

Evidence · text

> QA reverse circulation grade-control programme was completed

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

#### Rejected tags

**Apparent Width Only** — Rejected; excluded from scoring

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The reported intercept is a downhole length, and true width is not determined.

Evidence · text

> Reported intercepts are downhole lengths. True widths are not yet determined

### 26RRDD003

[Link to this fact](https://atlas-staging.minestarters.com/news/rc1-annual-report-to-shareholders--18e7b3ef-3fae-4928-b74b-3052ba24f5b2#fact-drill-facts-16)

Redcastle Reef · gold

#### Identity

- Hole ID: 26RRDD003
- Project: Redcastle Reef
- Commodity: gold
- Region: australia\_wa
- Reported Region: australia\_wa
- Ticker: RC1

#### Geometry

- Grade: 9.54
- Grade Unit: g/t
- Intercept: 0.5 m
- From: 81.5 m
- To: 82 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes
- QP Signed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: This is an exceptionally high-grade gold intercept over a significant width, indicating bonanza-grade mineralization within the Redcastle Reef system, which is highly material for resource definition and mine planning.

- Positive factor: Bonanza grade gold intercept

- Positive factor: Significant intercept length

- Positive factor: Supports geological interpretation of high-grade shoots

- Negative factor: Apparent width only

Evidence · text

> 0.5m at 9.54 g/t gold, and 1.5m at 1.49 g/t gold from 81.5m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.