Redstone Resources (ASX:RDS) Advances Gold and Critical Minerals Portfolio Development

Sonal Goyal

30 September 2026 06:13 PM AEST

Redstone Resources (ASX:RDS) Advances Gold and Critical Minerals Portfolio Development

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Redstone Resources Limited (ASX:RDS) released its Quarterly Report for the period ending 30 June 2026 on 31 July 2026. The quarter was characterised by the Acquisition of a portfolio of WA gold and critical minerals exploration projects from Hurricane Prospecting Pty Ltd and progress at the company's existing Saturn PGE Reef and Cu-Ni-Co-PGE project in the West Musgrave region of Western Australia. The acquired projects provide exposure to gold, lithium, copper, and platinum group element mineralisation across several prospective WA terranes.

About Redstone Resources

Redstone Resources Limited (ASX:RDS) is an ASX-listed mineral explorer focused on gold and critical minerals in Western Australia. The company holds the Saturn Cu-Ni-Co-PGE and PGE Reef project in the West Musgrave region (Giles Intrusive Complex) and, following the June 2026 quarter acquisitions, a portfolio of greenfields exploration projects covering gold, lithium, copper, and base metals systems across the Southern Cross, Eastern Goldfields, East Pilbara, and Kalgoorlie regions.

June 2026 Quarterly Activities — Released 31 July 2026

The quarter's headline development was the acquisition of a 100% interest in a portfolio of greenfields exploration projects from Hurricane Prospecting Pty Ltd. The consideration comprised 75 million fully paid ordinary shares at a deemed issue price of $0.003 per share, subject to a 12-month voluntary escrow, plus a 1.5% net smelter Royalty (NSR) over all acquired projects. The acquisition provides Redstone with exposure to multiple high-demand commodities.

The acquired projects include: Mt Cauden Gold and Lithium Project, located proximal to the Marvel Loch gold operation and the Mt Holland lithium mine in the Southern Cross gold district, with several gold discoveries adjacent to tenements; Twin Hills Gold Project, in the Menzies gold district of the Eastern Goldfields, with historical drilling returning intersections of up to 17m at 1.23 g/t Au from 28m downhole; Rudall East Mt Isa-style Cu-Au and Base Metals Project, in the Paterson terrane of the East Pilbara, with historical surface samples returning up to 22.9% Cu and 661 g/t Ag; and Cockatoo Rocks LCT Pegmatite Project, 100km northeast of Kalgoorlie, with pegmatites logged at the base of historical drill holes. Programs of Work (PoW) approvals have been secured for the Mt Cauden and Twin Hills projects, which have identified walk-up drill targets.

The existing Saturn PGE Reef and Cu-Ni-Co-PGE Project in the West Musgrave region continues to advance. The Saturn Project comprises 330 km² of tenure in the Giles Intrusive Complex, host to BHP's Nebo Babel Cu-Ni-Co-PGE and Succoth Cu deposits and Terra Metals' Dante Project PGE discoveries. Historical drilling at the Halleys Cu-Ni-Co-PGE Prospect intersected a 250m thick pipe-like intrusive body with results of up to 58m at 0.35% Cu, 0.08% Ni, and 0.21 g/t Pt+Pd+Au.

Industry Context

The West Musgrave Giles Intrusive Complex in Western Australia is emerging as a significant exploration province for nickel-copper-PGE mineralisation, with the BHP-owned Nebo Babel deposits and Terra Metals' Dante project both within the broader complex. Platinum group elements are classified as critical minerals and strategic metals, with key applications in catalytic converters, Hydrogen fuel cells, and defence technologies. The Southern Cross gold district and Eastern Goldfields remain prolific gold exploration provinces in Western Australia, with a number of significant discoveries and producing mines in the wider area.

Risks and Uncertainties

Redstone Resources' newly acquired WA projects are early-stage greenfields exploration Assets with no JORC Mineral Resources defined. Historical drilling and sampling results cited are from third-party historical programs and have not been independently verified by Redstone. The consideration shares issued to Hurricane Prospecting are subject to 12-month voluntary Escrow and a 1.5% NSR, which will represent an ongoing cost to any future Mining activity. The Saturn project has existing historical exploration data but has not been drilled systematically by Redstone, and further exploration is required to advance the targets identified.

FAQs

Q: What projects did Redstone Resources acquire in the June 2026 quarter?

A: Redstone acquired four projects: Mt Cauden (gold-lithium), Twin Hills (gold), Rudall East (Cu-Au-base metals), and Cockatoo Rocks (LCT pegmatite lithium), all in Western Australia.

Q: What is the Saturn project?

A: The Saturn project is a 330 km² Cu-Ni-Co-PGE and PGE Reef exploration tenure in the Giles Intrusive Complex of the West Musgrave region, adjacent to BHP's Nebo Babel deposits.

Q: What was the consideration for the Hurricane Prospecting acquisition?

A: 75 million shares at $0.003 per share (subject to 12-month escrow) plus a 1.5% net smelter royalty over all acquired projects.

Q: Which acquired projects have drill-ready targets?

A: Mt Cauden and Twin Hills have secured Programs of Work approvals and walk-up drill targets identified from historical data.

Q: What ASX ticker does Redstone Resources trade under?

A: Redstone Resources Limited trades on the Australian Securities Exchange under the ticker RDS.

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