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Red Metal Limited ( (AU:RDM) ) just unveiled an update.
Red Metal Limited has commenced large-scale weak-acid column heap leach tests on coarsely crushed ore from different granite regolith types at its Sybella rare earth project, building on prior bottle roll optimisation work that indicated effective rare earth extraction at low pH using ambient-temperature sulphuric acid. Alongside column leaching and ion exchange studies, the company is advancing detailed comminution testing and planning infill drilling to upgrade resources, with the aim of generating the technical data needed to move the Sybella project to pre-feasibility status in 2026, potentially confirming low-cost heap leach processing as a viable economic development route for this large, magnet rare earth discovery.
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
Red Metal Limited is an Australian exploration company focused on the discovery and development of rare earth and other mineral resources. Its flagship Sybella magnet rare earth oxide project, located about 20 kilometres south-west of Mount Isa in Queensland, targets a granite-hosted system with large tonnage potential and favourable characteristics compared with clay-hosted and monazite-dominated deposits.
Average Trading Volume: 465,148
Technical Sentiment Signal: Hold
Current Market Cap: A$47.94M
For detailed information about RDM stock, go to TipRanks’ Stock Analysis page.