Australia's Redcastle Resources jumps on MoU with Terra Mining
16/06/2025 04:51
** Shares of Redcastle Resources RC1.AX rise as much as 60% to A$0.008, its highest level since May 7 ** Gold miner signs an MoU with mining services company Terra Mining ** Terra Mining will fund and manage contract mining works at Queen Alexandra and Redcastle Reef projects in Western Australia, under a profit-sharing deal ** About 10.5 mln shares change hands, marking the stock's busiest session since March 14 ** Stock is down 11%, including the day's move (Reporting by Anjali Singh in Bengaluru) ((anjali.singh2@thomsonreuters.com))
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