Redcastle Resources kicks off flora and fauna studies at Queen Alexandra

Marking a key milestone in Queen Alexandra’s environmental permitting process, RC1 has begun flora and fauna studies.

The studies are an important step in securing environmental permits for the Queen Alexandra gold project. Pic: Getty Images

Special Report: Redcastle has launched baseline flora and fauna surveys at Queen Alexandra gold project as part of Western Australian regulatory obligations.

• Baseline flora and fauna studies underway at Queen Alexandra gold project
• Redcastle has expedited the process by engaging highly experienced environmental professionals
• Studies form part of commercial feasibility assessment for project development

Environmental studies are a key milestone in Redcastle Resources’ (ASX:RC1) commercialisation assessment, clearing the way to obtain necessary permits.

The company has engaged a team of highly experienced environmental professionals with strong knowledge of the local area around the Queen Alexandra project.

Having hit 4m at 10.94 g/t gold from 6m in the most recent round of drilling, and with scoping studies and an updated resource estimate in the works, RC1 says it’s well positioned for a transformative year.

“Commissioning the baseline flora and fauna surveys is an important step in de-risking the Queen Alexandra Project’s development,” Redcastle chair Ray Shaw said.

“We are fortunate to have secured the services of top-tier environmental specialists with significant local knowledge.

“Their insights will be essential to the company’s adoption of best-practice environmental standards, as we seek to progress commercialisation of our QA project in a responsible and sustainable manner.” 

Watch: On the fast-track to gold production

Highly prospective Golden Circle location

The Queen Alexandra project sits within the Eastern Goldfields of Western Australia, in an area known as the Golden Circle.

The project is surrounded by tier-1, multi-million-ounce gold operations, including the Leonora (+18Moz), Laverton (+7Moz), Granny Smith (+14Moz) and Apollo Hill (+1.8Moz) projects.

Redcastle tenements location plan. Pic: RC1

In an established gold region, the project is serviced by excellent local infrastructure, with 10 gold processing mills operating in the area.

The gold price environment is also bullish, with Goldman Sachs Research predicting gold will rise to US$3,700 per troy ounce by the end of 2025.

This article was developed in collaboration with Redcastle Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.