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Red Metal AGM Presentation 27 November 2019

Red Metal Limited AGM Presentation 27 November 2019

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Announcement 17 December 2019

Nullarbor Project: Drilling Update

The first drill test on the high magnetic target T8 has been terminated after intersecting a magnetite-rich, mafic intrusive rock type (gabbro) from 477 metres to the end of hole at 533.2 metres.  This gabbroic rock contains an unusually high magnetite content (40-50 % by volume) that clearly explains the source of the magnetic anomaly.  No significant visible copper or nickel sulphides were observed. Selected intervals will be sampled for multi-element analyses.
 
The drill rig will now move on to test the very high gravity but weakly magnetic target T13. Visual results from this drill hole will be made available upon completion..
 
September 2019 Quarterly Report

Quarterly Report and Cash Flow for 30 September 2019

Mount Skipper, QLD, Zinc-Lead-Silver & Copper

  • First proof of concept drill test intersects unusual, coarse-spotted rock types interpreted as possible halo rocks to a metamorphosed massive sulphide. Assays pending.
  • The targeted magnetic bullseye anomaly still remains untested.

Three Ways, QLD, Zinc-Lead-Silver & Copper

  • Innovative regional magneto-telluric survey in progress.
  • Preliminary processing highlights significant conductive trends and priority targets for follow-up work.
  • Final data and modelling expected next quarter.

Nullarbor, WA, Copper-Gold

  • Proof of concept drill tests of targets T8 and T13 on schedule to start next quarter.
Download this file  (3.7 Mb pdf)
Announcement 11 November 2019

Nullarbor Project: Proof of Concept Drill Tests Underway

Red Metal’s maiden diamond core drilling program on the frontier Nullarbor project in Western Australia has commenced.
 
The program aims to drill test three regionally significant geophysical targets for their copper-gold or copper-nickel mineralisation potential.
 
Each target is proposed to be tested with an 800 metre deep hole.
 
2019 Annual Report

Red Metal Limited annual report for financial year ended 30 June 2019

Red Metal Limited annual report for the financial year ended 30 June 2019, 

Download report  (8.4 Mb pdf) -  Web version