Red Metal Limited (ASX:RDM) Confirms Sybella Rare Earth Discovery Continuity
Rare Earth Discovery Continuity
Red Metal Limited (ASX:RDM) announced assay results from 19 infill drilling holes at the Sybella rare earth project. The results confirm the strong continuity of wide zones of Magnet Rare Earth Oxide mineralisation, supporting the large Inferred Mineral Resource.
Key Assay Results
Significant oxide intercepts include multiple extensive surface starts to mineralisation, with notable intervals such as SBAC142 showing 60 metres at 336 ppm NdPr and SBRC143 with 108 metres at 349 ppm NdPr.
Ongoing and Future Plans
pH optimisation leach tests are underway on composite samples, with results expected in March 2025. Red Metal plans to drill large-diameter diamond core holes for column leach test work and recommence infill drilling to achieve an Indicated Mineral Resource early in the 2025 field season.
Unique Project Attributes
The Sybella rare earth oxide discovery is granite-hosted, offering large tonnage potential and proximity to Mount Isa. Early studies suggest a low-cost, low-capital heap leach processing option may be feasible.
Executive Comments
Managing Director Rob Rutherford stated, “Confirming the continuity of the wide zones of higher-grade REO mineralisation at Sybella is an essential step towards realising its potential for bulk tonnage heap leach mining. Repeating our positive early-stage metallurgical results with pH optimisation tests on composited samples representative of a larger area is the next key step. Results from this work on the Kary Zone are due in the coming months.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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