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Red Metal Limited (ASX:RDM)

ALERT: Price-sensitive ASX Announcement for RDM
Current share price for RDM : $0.165 0.03 (22.22%)+
Announcement
Release
18 Jun 2026 9:15AM
Price at Release
$0.135
Full Release
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Summary
Red Metal Limited has announced promising results from column leach tests at the Sybella Project's Kary Zone, demonstrating high recoveries of rare earth oxides (REOs) using sulphuric acid leaching on coarsely crushed mineralized granite. These tests, which include saprock and transitional ores, have shown that significant rare earth extraction can occur within the first 30 days of leaching, suggesting potential for early cash flow. The results validate earlier tests and indicate low metallurgical variability, supporting the economic viability of this large-scale rare earth development. The company plans further detailed mining and metallurgical studies to optimize costs and efficiencies.
Key Points
  • Sybella column leach tests yield high REO recoveries.
  • Tests show significant rare earth extraction within 30 days.
  • Low metallurgical variability supports economic viability.
  • Plans for detailed mining and metallurgical studies announced.
  • Potential for early cash flow once heap is set up.
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.