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Can Redcastle Turn Queen Alexandra’s $15M Cash Surplus Into Production?
8:44am on Friday 1st of August, 2025 AEST
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Mining
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Can Redcastle Turn Queen Alexandra’s $15M Cash Surplus Into Production?
8:44am on Friday 1st of August, 2025 AEST
Key Points
10-month mine life producing 13,700 ounces of gold at 2.56 g/t grade
Estimated pre-tax cash surplus of $14M-$15M at AU$4,800/oz gold price
Total funding requirement of $21M-$22M with potential toll milling and JV options
Upside potential from deeper Stage 3 pit and underground mining opportunities
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