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Red Metal Limited ( (AU:RDM) ) has issued an update.
Red Metal Limited has completed two proof-of-concept drill tests on its Three Ways and Gulf copper-gold projects, supported by $400,000 in grants from the Queensland Government. The drilling at Three Ways encountered carbonaceous shale and marble with magnetic pyrrhotite and minor chalcopyrite, but the drill hole missed the core of the magnetic target, necessitating further geochemical analysis and potential follow-up drilling.
More about Red Metal Limited
Red Metal Limited is a company operating in the mining industry, focusing on the exploration and development of copper and gold projects. The company is involved in projects like the Three Ways and Gulf copper-gold projects, with a market focus on base metals and precious metals exploration.
Average Trading Volume: 332,817
Technical Sentiment Signal: Buy
Current Market Cap: A$52.26M
Learn more about RDM stock on TipRanks’ Stock Analysis page.