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Red Metal Limited ( (AU:RDM) ) just unveiled an announcement.
Red Metal Limited has announced a significant inferred mineral resource discovery at its Sybella project in Queensland, defining a large amount of Magnet Rare Earth Oxide mineralization. Infill drilling is underway to upgrade the resource to an indicated status, and preliminary mine modeling has commenced. The company is also advancing other projects, including base metals and gold exploration in Queensland and Western Australia. The discovery and ongoing exploration work may enhance Red Metal’s market positioning and provide early mining opportunities, benefiting stakeholders with potential growth and resource confidence.
More about Red Metal Limited
Red Metal Limited is a company involved in the mining and exploration industry, focusing on the discovery and development of mineral resources. The company primarily deals with rare earth elements and base metals, with significant projects located in Queensland and Western Australia.
YTD Price Performance: 10.0%
Average Trading Volume: 295,333
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$43.16M
Find detailed analytics on RDM stock on TipRanks’ Stock Analysis page.
