Redcastle Executes Strategic Kilkenny Belt Acquisition

16 June 2026 | Western Australia - Redcastle Resources has executed its Earn-In and Joint Venture Agreement for the Strategic Kilkenny Belt Package, expanding its Eastern Goldfields exploration portfolio.

The agreement secures Redcastle’s pathway to earn a 60% interest in the Kilkenny Belt Package. The transaction covers 15 tenement interests across approximately 6,419 hectares of non-overlapping tenure and application area, including around 4,450 hectares of live or granted tenure and 1,969 hectares of pending applications.

The transaction terms include A$59,000 cash, the issue of 500,000 Redcastle shares and A$1.25 million in exploration expenditure over a two-year earn-in period. Redcastle said the structure is capital-light, with most of the consideration directed toward exploration rather than upfront cash payments.

The Kilkenny Belt Package extends Redcastle’s Eastern Goldfields footprint westward beyond the TBone Belt toward the broader Murrin Murrin-Eulaminna district. The company said the package secures a substantial position within a prospective north-northeast trending structural corridor in the Murrin Domain-Minerie Sequence.

Why it matters: The acquisition gives Redcastle a larger and more contiguous exploration position in the Eastern Goldfields at a time when the company says it is transitioning from explorer to active gold producer through mining operations at Redcastle Reef.

Redcastle Chairman Dr Ray Shaw said the transaction complements the company’s existing Redcastle Project Area and TBone Belt holdings, while supporting its broader regional consolidation strategy. He said mining at Redcastle Reef is expected to help support future exploration, resource growth and development opportunities with reduced reliance on external capital.

Initial work at Kilkenny will focus on compiling and validating historical exploration datasets, integrating geological, geophysical and tenure information into Redcastle’s regional database, ranking priority targets and planning future exploration programs.

The company said early field work is planned for the second half of 2026, with an initial drilling campaign planned for the first half of 2027. Redcastle expects the drilling to be self-funded from cashflow generated by mining operations at Redcastle Reef.

For Western Australia’s gold sector, the transaction highlights continued consolidation of historically fragmented tenement positions in the Eastern Goldfields, where smaller producers and explorers are looking to build larger regional platforms around existing mining centres.

Source: Redcastle Resources ASX announcement, “Redcastle Executes Strategic Kilkenny Belt Acquisition”, 16 June 2026.