That post contains no new information for me and omits some key points:
a) Historical drilling has been well flagged. The naysayers get their hole locations from WCN ASX announcements - so what’s the revelation?
b) The intercepts are much, much better than the historical jon-JORC results. From basically surface - 175m @ 2.5% Cu, 90m @ 4% Cu etc. Current results are from only six holes from a first campaign since acquiring the land.
c) Copper has now been found below historical drilling in meaningful amounts. RC rig ending in 4% is exciting.
d) Here is the big one for me that no one is mentioning and @Frogkey alluded to last week. Historical and the new drilling has not cut off the mineralisation. The copper hasn’t been faulted off yet. Tonnes don’t end - which is why I’m invested.
e) Chalcocite plays a big role here. In the Artic, we need to find accessible high grade copper. The current drilling is delivering much better than expected due to the chalcocite component - the highest grade copper ore by weight (-80%).
I made an investment after the second hole results were announced, as I don’t trust rock chips and want to see some drilling evidence of high grade in this part of the world. The plumbing is there, which so many other explorers aren’t fortunate enough to have. Looking forward to the return of the rigs as they seek to discover more copper.
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Last
2.2¢ |
Change
0.002(10.0%) |
Mkt cap ! $53.09M |
Open | High | Low | Value | Volume |
2.1¢ | 2.2¢ | 2.1¢ | $214.6K | 10.03M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 1527305 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9000 | 0.021 |
12 | 3767645 | 0.020 |
15 | 5025990 | 0.019 |
12 | 5315801 | 0.018 |
3 | 3310000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 1527305 | 4 |
0.023 | 2006418 | 5 |
0.024 | 1474912 | 6 |
0.025 | 4407893 | 7 |
0.026 | 3104308 | 8 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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