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The latest update is out from Red Metal Limited ( (AU:RDM) ).
Artemis Resources has entered an earn-in and joint venture agreement with Red Metal Limited over the Sharon Dam IOCG target in Western Australia’s Madura Province, giving Artemis the right to earn a 60% interest by spending $5 million over three years, including an initial $400,000 drilling commitment partly supported by a government exploration incentive grant. The deal strategically extends Artemis’ copper–gold footprint around the Madura Crustal Boundary, consolidating control over a series of large, undrilled intrusive targets such as Sharon Dam and Cassowary, in a region that is drawing increasing interest from major and mid-tier explorers; with shallow cover, granted tenure, and heritage frameworks already in place, drilling is slated for early 2026, positioning the company for a potentially high-impact, low-cost discovery in a frontier IOCG province.
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-listed mineral exploration company focused on copper and gold, with a growing land position along the Madura Crustal Boundary in Western Australia. The company is targeting iron oxide copper-gold (IOCG) and other intrusion-related deposits within an emerging copper exploration belt that it seeks to consolidate into a belt-scale discovery opportunity.
Average Trading Volume: 472,582
Technical Sentiment Signal: Hold
Current Market Cap: A$47.94M
See more insights into RDM stock on TipRanks’ Stock Analysis page.