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Red Metal Limited (ASX:RDM)

ALERT: Price-sensitive ASX Announcement for RDM
Current share price for RDM : $0.125 0.02 (19.05%)+
Announcement
Release
19 May 2025 11:02AM
Price at Release
$0.105
Full Release
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Summary
Red Metal Limited has released an announcement regarding the results of Sybella heap leach optimisation tests. The report details positive findings from column leach tests and bottle roll testwork, which confirm the heap leach potential of the Sybella copper project. The testing program aimed to optimise leaching conditions for copper oxide and transition ores using acid leaching. Results showed rapid copper extraction, with significant recoveries within short timeframes, supporting the feasibility of a heap leach, solvent extraction, and electrowinning (SX-EW) operation. The company outlines the next steps, including further metallurgical assessments, mine planning, and development studies, all of which point towards strong economics for the Sybella project and its potential for low-cost copper production.
Key Points
  • Red Metal Limited completed Sybella heap leach optimisation tests.
  • Testwork included column leach and bottle roll testing on Sybella oxide and transition ores.
  • Rapid copper extraction and high recoveries were achieved under acid leach conditions.
  • Results validate the heap leach potential of the Sybella copper project.
  • Testing supports the feasibility of a heap leach-SX-EW operation for copper production.
  • The company plans further metallurgical, mine planning, and development studies.
  • Positive results provide a foundation for progressing the Sybella project towards development.
  • The project demonstrates potential for low-cost, scalable copper production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.