Red Metal Limited (AU:RDM) has released an update.
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Red Metal Limited has announced the successful production of a high-quality mixed rare earth carbonate (MREC) product from its Sybella rare earth ore, indicating a significant milestone for the company. The trial demonstrated impressive recoveries of critical elements and low impurity levels, suggesting a cost-effective and potentially premium product in the making. With the discovery located near Mount Isa and promising early-stage studies, Red Metal is optimistic about developing a low-cost, heap leach processing option for this new granite-hosted deposit type.
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