Australia's Redcastle Resources jumps on MoU with Terra Mining

Shares of Redcastle Resources RC1.AX rise as much as 60% to A$0.008, its highest level since May 7
Gold miner signs an MoU with mining services company Terra Mining
Terra Mining will fund and manage contract mining works at Queen Alexandra and Redcastle Reef projects in Western Australia, under a profit-sharing deal
About 10.5 mln shares change hands, marking the stock's busiest session since March 14
Stock is down 11%, including the day's move