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The latest announcement is out from Red Metal Limited ( (AU:RDM) ).
Artemis Resources has entered into an earn-in and joint venture agreement with Red Metal Limited over the Sharon Dam T1 IOCG target in Western Australia’s Madura Province, giving Artemis the right to earn a 60% interest by spending at least $5 million over three years, including an initial $400,000 drilling commitment supported by a government co‑funding grant. The deal strategically extends Artemis’ copper–gold footprint by adding a second major target 50km south of its Cassowary Intrusion, consolidating some 1,180km² along the Madura Crustal Boundary and positioning the company as a leading early mover in an underexplored IOCG belt, with shallow cover, granted tenure and existing access providing a cost‑effective, near‑term pathway to drilling from March–April 2026 subject to heritage clearance.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
More about Red Metal Limited
Artemis Resources Limited is an Australian exploration company focused on copper and gold, with key projects in Western Australia’s Madura Province. The company is targeting large iron oxide copper-gold (IOCG) and intrusion-related deposits along the underexplored Madura Crustal Boundary, aiming to build a significant belt-scale position in this emerging copper frontier.
Average Trading Volume: 447,564
Technical Sentiment Signal: Buy
Current Market Cap: A$47.94M
For an in-depth examination of RDM stock, go to TipRanks’ Overview page.