Red Metal Limited (AU:RDM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Red Metal Limited reports promising advancements at their Sybella Project in Queensland, with successful leach and comminution tests indicating the feasibility of a low-cost, heap leach processing for rare earth elements. The company has produced a potentially marketable mixed rare earth carbonate product, and is prepping for further drilling at their Gidyea and Lawn Hill projects. Additionally, their investment in Maronan Metals has raised $9 million for resource drilling and project studies, as the company moves towards securing a mining lease.
For further insights into AU:RDM stock, check out TipRanks’ Stock Analysis page.