Redcastle Resources slumps after suspending gold project in Western Australia
31/08/2026 04:21
BUZZ-Redcastle Resources slumps after suspending gold project in Western Australia ** Shares of Australian diversified miner Redcastle Resources RC1.AX fall as much as 15.6% to A$0.076, their lowest level since December 12, 2025
** Stock logs its biggest intraday pct fall since June 25
** Redcastle-BML JV operator, BML Ventures temporarily suspends mining at the Redcastle Gold Project with immediate effect
** Says it is assessing alternative arrangements to resume mining operations, including potential drilling of high-value targets at the TBone Belt
** Stock down 13.5% YTD
(Reporting by Paridhi Minda in Bengaluru)
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