# RC1: Redcastle Gold Project Stockpile Comprises 6,600 oz Au Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145096 Publisher: asx Original announcement: 2026-09-28T22:42:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T16:53:32.932Z Atlas analysis updated: 2026-09-29T16:53:32.932Z - Company: Redcastle Resources Ltd - Ticker: RC1 - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-29 16:53:33 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Redcastle Resources Ltd \(RC1\) announced a maiden Mineral Resource Estimate for stockpiled gold at its Redcastle Gold Project, totaling 144,800 tonnes at 1.43 g/t Au for 6,600 oz. The majority of this, 6,500 oz, is classified as Measured Resource. While open pit mining commenced in May, it is currently suspended, and the company is actively pursuing processing arrangements for the stockpiled material. Reasoning: Redcastle Resources has reported a substantial maiden Mineral Resource Estimate for its gold stockpiles, with a high proportion in the Measured category, indicating a ready source of material. However, the current suspension of mining and pending processing arrangements introduce some uncertainty regarding immediate monetization. - Positive factor: Significant gold ounces in Measured stockpile resource - Positive factor: JORC 2012 compliant estimate with QP sign-off - Positive factor: Open pit mining has commenced - Positive factor: Potential for conversion to Ore Reserves - Negative factor: Mining currently suspended - Negative factor: Processing arrangements not yet finalized - Negative factor: No specific metallurgical testwork on the stockpile material - Negative factor: High grade cuts applied to grade control data Facts used in scoring: 9 ## Classification and evidence **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: The Redcastle Reef stockpiles, comprising 142,600 tonnes at 1.42 g/t Au for 6,500 oz, are classified as Measured Mineral Resources. Evidence · text > Measured Redcastle Reef \(RR\): 142,600 tonnes @ 1.42 g/t Au for 6,500 oz **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The Queen Alexandra stockpiles, comprising 2,300 tonnes at 1.77 g/t Au for 100 oz, are classified as Indicated Mineral Resources. Evidence · text > Indicated Queen Alexandra \(QA\): 2,300 tonnes @ 1.77 g/t Au for 100 oz **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Dr. Spero Carras, a Competent Person, is named and consents to the inclusion of information related to the Mineral Resource Estimation. Evidence · text > Dr. Spero Carras, a Competent Person and consultant to the Company, who is a Fellow of the Australasian Institute of Mining and Metallurgy \(FAusIMM Membership No: 107972\). **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The Mineral Resource Estimate is reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 Edition \(JORC Code\). Evidence · text > reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 Edition \(JORC Code\). **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: This announcement provides the first Mineral Resource Estimate for the Redcastle Gold Project's stockpiles. Evidence · text > Redcastle Gold Project Stockpile Comprises 6,600 oz Au **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Operational ROM Pad allocation thresholds for different grade categories are clearly stated. Evidence · text > Operational ROM Pad allocation thresholds were: High Grade >1.3 g/t Au; Medium Grade 1.0–1.3 g/t Au; Low Grade 1 0.8–1.0 g/t Au; and Low Grade 2 0.4–0.8 g/t Au. **Open Pit Mining** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document states that open pit mining commenced on May 1st. Evidence · text > Open pit mining commenced on 1st May **Processing Arrangements Pending** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: Discussions for treatment of RR and QA ore are ongoing, indicating that processing arrangements are not yet finalized. Evidence · text > Discussions for treatment of RR and QA ore are ongoing **Mining Suspended** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The forward-looking statements section explicitly mentions that mining is currently suspended. Evidence · text > Mining commenced in May 2026 but is currently suspended. **No Stockpile Met Testwork** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document states that no specific metallurgical testwork has been undertaken on the reported stockpile material. Evidence · text > No specific metallurgical testwork has been undertaken on the stockpile material reported herein. ## Extracted facts Stored fact records: 9. Some facts used in scoring do not have a stored record. ## Resource Estimates (9) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-0) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:3d3152d9b93dbcb06960 - Deposit or zone: Redcastle Reef \(RR\) High Grade \(HG\) - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: measured - Tonnes: 49100 - Grade: 2.75 - Grade Unit: g/t - Contained Metal: 4300 - Contained Unit: oz - Cutoff Grade: 1.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This represents a high-grade portion of the Measured stockpile resource, providing significant gold ounces with high confidence. - Positive factor: High grade for gold stockpile - Positive factor: Measured category indicates high confidence - Positive factor: JORC 2012 compliant with QP sign-off Evidence · table > 2.75 Context: 49,100 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-1) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:a5de8145d9f6e79bab22 - Deposit or zone: Redcastle Reef \(RR\) Medium Grade \(MG\) - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: measured - Tonnes: 18100 - Grade: 1.18 - Grade Unit: g/t - Contained Metal: 700 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This is a moderate-grade portion of the Measured stockpile resource, contributing to the overall gold inventory with high confidence. - Positive factor: Measured category indicates high confidence - Positive factor: JORC 2012 compliant with QP sign-off Evidence · table > 1.18 Context: 18,100 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-2) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:1edbb143858cec9282b7 - Deposit or zone: Redcastle Reef \(RR\) Low Grade 1 \(LG1\) - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: measured - Tonnes: 25000 - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 600 - Contained Unit: oz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This low-grade portion of the Measured stockpile resource adds to the overall inventory with high confidence, but at a lower economic value. - Positive factor: Measured category indicates high confidence - Positive factor: JORC 2012 compliant with QP sign-off Evidence · table > 0.80 Context: 25,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-3) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:bd7136aea2108c48d4db - Deposit or zone: Redcastle Reef \(RR\) Low Grade 2 \(LG2\) - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: measured - Tonnes: 50300 - Grade: 0.52 - Grade Unit: g/t - Contained Metal: 800 - Contained Unit: oz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: This is the lowest-grade portion of the Measured stockpile resource, contributing to tonnage but with limited economic impact. - Positive factor: Measured category indicates high confidence - Positive factor: JORC 2012 compliant with QP sign-off Evidence · table > 0.52 Context: 50,300 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-4) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:2d75ab12b9a717fb614f - Deposit or zone: Queen Alexandra \(QA\) High Grade \(HG\) - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: indicated - Tonnes: 2100 - Grade: 1.83 - Grade Unit: g/t - Contained Metal: 100 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: A small, high-grade portion of the Indicated stockpile resource from Queen Alexandra, contributing to the overall inventory. - Positive factor: Indicated category provides reasonable confidence - Positive factor: JORC 2012 compliant with QP sign-off - Negative factor: Limited tonnage Evidence · table > 1.83 Context: 2,100 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-5) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:87f80a225f1d694ccb04 - Deposit or zone: Queen Alexandra \(QA\) Medium Grade \(MG\) - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: indicated - Tonnes: 200 - Grade: 1.23 - Grade Unit: g/t - Contained Metal: 10 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: A very small, medium-grade portion of the Indicated stockpile resource from Queen Alexandra. - Positive factor: Indicated category provides reasonable confidence - Positive factor: JORC 2012 compliant with QP sign-off - Negative factor: Very limited tonnage Evidence · table > 1.23 Context: 200 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-6) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:14845198dda103f13fb7 - Deposit or zone: Redcastle Reef \(RR\) Total - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: measured - Tonnes: 142600 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 6500 - Contained Unit: oz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The total Measured Resource for Redcastle Reef stockpiles represents a substantial and high-confidence gold inventory. - Positive factor: Significant gold ounces in Measured category - Positive factor: JORC 2012 compliant with QP sign-off - Positive factor: High confidence in tonnage and grade Evidence · table > 1.42 Context: 142,600 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-7) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:acb97409268cfc9e38f5 - Deposit or zone: Queen Alexandra \(QA\) Total - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: indicated - Tonnes: 2300 - Grade: 1.77 - Grade Unit: g/t - Contained Metal: 100 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The total Indicated Resource for Queen Alexandra stockpiles is small but contributes to the overall gold inventory. - Positive factor: Indicated category provides reasonable confidence - Positive factor: JORC 2012 compliant with QP sign-off - Negative factor: Limited tonnage Evidence · table > 1.77 Context: 2,300 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rc1-redcastle-gold-project-stockpile-comprises-6-600-oz-au--04756ebc-7b32-42a8-af42-2eb57f400183#fact-resource-facts-8) Redcastle Gold Project · gold #### Identity - Project: Redcastle Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RC1 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Spero Carras - Resource group id: resource:21d38af9f71273e08f15 - Deposit or zone: Redcastle Gold Project Stockpile Total - Mining method: open\_pit - Material type: stockpile #### Resource Data - Category: indicated - Tonnes: 144800 - Grade: 1.43 - Grade Unit: g/t - Contained Metal: 6600 - Contained Unit: oz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-08-31 #### Lab - Laboratory: Bureau Veritas Minerals, Kalgoorlie #### Location - CRS: GDA94 / MGA Zone 51 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-28T00:00:00.000Z Reasoning: The overall stockpile MRE provides a substantial gold inventory, predominantly in high-confidence categories, but faces near-term challenges with processing and mining status. - Positive factor: Significant total gold ounces in stockpile - Positive factor: Majority in Measured category - Positive factor: JORC 2012 compliant with QP sign-off - Negative factor: Mining currently suspended - Negative factor: Processing arrangements not finalized Evidence · table > 1.43 Context: 144,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ## 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.