Red Metal Limited (AU:RDM) has released an update.
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Red Metal Limited’s recent step-out drilling at the Sybella Project has revealed two large zones with significant rare earth oxide (REO) mineralization, highlighting the site’s potential as a large-tonnage resource. These findings, along with the proximity to Mt Isa and encouraging preliminary metallurgical studies, suggest the feasibility of a cost-effective, heap leach processing operation. The company is advancing with infill drilling to further delineate the high-grade zones and will provide detailed updates on the project’s progress.
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