Red Metal Limited ( (AU:RDM) ) has provided an announcement.
Red Metal Limited has announced promising assay results from its Lawn Hill Silver-Lead-Zinc project in Northwest Queensland, indicating potential new target opportunities. The drilling at the Bluebush prospect revealed a significant intercept of pyrite-rich stratigraphy, similar to major deposits in the region, suggesting a near-miss setting with high silver to lead ratios. Future exploration will focus on gravity targets near growth faults, aiming for higher-grade mineralization, which could enhance the company’s industry positioning and stakeholder value.
More about Red Metal Limited
Red Metal Limited operates in the mining industry, focusing primarily on the exploration and development of mineral resources. The company is involved in the discovery and extraction of silver, lead, and zinc, with a market focus on leveraging its projects in Northwest Queensland, Australia.
YTD Price Performance: 15.00%
Average Trading Volume: 305,457
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$41.36M
See more data about RDM stock on TipRanks’ Stock Analysis page.