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Red Metal Limited (ASX:RDM)

ALERT: Price-sensitive ASX Announcement for RDM
Current share price for RDM : $0.135 0.005 (3.85%)+
Announcement
Release
31 Jul 2026 8:33AM
Price at Release
$0.130
Full Release
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Summary
The quarterly report for Red Metal Limited for the period ending 30 June 2026 outlines the company's financial and operational activities. The company reported exploration and evaluation payments of $388,000 for the quarter, with total payments of $4.467 million for the year to date. Operating cash flows resulted in a net inflow of $75,000 for the quarter, but a net outflow of $5.146 million year-to-date. The cash position at the end of the quarter was $4.464 million. The report also covers various exploration projects, including drilling and heritage surveys for projects such as Jimmy's Creek, Lawn Hill, and Pardoo in Australia. Additionally, the company distributed shares of Maronan Metals Limited to its shareholders under an in-specie distribution plan, retaining a minority stake of 15.4 million shares post-distribution. The report emphasizes the importance of ongoing projects and financial management strategies.
Key Points
  • Net operating cash inflow of $75,000 for the quarter
  • Year-to-date operating cash outflow of $5.146 million
  • Ending cash balance of $4.464 million
  • Exploration and evaluation expenses at $388,000 for the quarter
  • In-specie distribution of Maronan Metals Limited shares
  • Ongoing exploration projects including Jimmy's Creek and Lawn Hill
  • Minority stake of 15.4 million shares retained in Maronan Metals Limited
  • Heritage surveys completed for new drilling sites
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.