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Red Metal Limited ( (AU:RDM) ) has issued an update.
Red Metal Limited has secured two Collaborative Drilling Grants totaling $400,000 from the Queensland Government to conduct proof-of-concept drill tests on its Gulf and Three Ways copper and gold projects. These projects, located in Northwest Queensland, aim to explore significant geophysical targets for potential copper mineral systems. The Gulf project will focus on a large gravity feature comparable to the Oak Dam discovery, while the Three Ways project will test a magnetic target for sedimentary-hosted copper mineralization. Drilling is anticipated to begin in August 2025, following heritage surveys in June.
More about Red Metal Limited
Red Metal Limited is an exploration company operating in the mining industry, focusing on copper and gold projects. The company is known for its exploration activities in Northwest Queensland, targeting large copper mineral systems in the Mount Isa terrain.
Average Trading Volume: 374,811
Technical Sentiment Signal: Buy
Current Market Cap: A$41.36M
See more data about RDM stock on TipRanks’ Stock Analysis page.
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