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Red Metal Limited ( (AU:RDM) ) has shared an update.
Red Metal Limited has announced promising assay results from infill drilling at its Sybella rare earth discovery, confirming strong continuity of wide zones of rare earth oxide mineralization. The results reinforce the large inferred mineral resource and enhance confidence in the potential for bulk tonnage heap leach mining. The company is planning further drilling and tests to advance the project to an indicated mineral resource category, with results of pH optimization leach tests expected soon. This development positions Red Metal favorably in the rare earth sector, with its unique granite-hosted deposit offering large tonnage potential and proximity to Mount Isa infrastructure.
More about Red Metal Limited
Red Metal Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in the discovery and extraction of rare earth oxides, particularly from its Sybella project in Australia.
YTD Price Performance: 15.00%
Average Trading Volume: 298,672
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$41.36M
For a thorough assessment of RDM stock, go to TipRanks’ Stock Analysis page.
