Red Metal Limited

NOTE: To use the advanced features of this site you need javascript turned on.

Home
2018 Annual Report

Red Metal Limited annual report for financial year ended 30 June 2018.

ASX version.

Download report (3.0 Mb pdf)
Announcement 12 September 2018

Maronan: Drilling Underway on the new Great Southern Conductors, QLD

Drilling is underway on the new “Great Southern” electromagnetic conductors recently identified just three kilometres south of Red Metal’s Maronan lead-silver and copper-gold deposit.

The two Great Southern conductors are about 400 to 600 metres long, model at a depth of about 100 metres below surface and are considered highly prospective for copper and gold mineralisation.  Magnetic imagery places the southern conductors at the hinge zone to a regional fold closure (the Great Southern Fold Structure) which sits about 300 metres within the southern boundary of the Maronan tenement. 

The current RC percussion drill program aims to drill one proof-of-concept hole into each of the Great Southern conductors.  Two holes totaling about 600 metres are planned.

 
June 2018 Quarterly Report

Quarterly Report and Cash Flow for 30 June 2018

Punt Hill/Pernatty Lagoon JV, SA, Copper-Gold
  • Successful execution of Native Title Mining Agreement for Exploration.
  • Heritage surveys completed in preparation for significant proof of concept drill program totaling more than 6,000 metres.
  • Drilling on schedule to commence early September.
Maronan, QLD, Silver-Lead & Copper-Gold
  • Regional ground electromagnetic surveying targeting additional copper-gold resources highlights strong conductor south of the Maronan deposit.
  • Preparations for drilling are underway.
Three-Ways, QLD, Zinc-Lead-Silver
  • Exploration permits secured over new zinc prospective sub-basin interpretation - 130 kilometres north of the large Dugald River zinc-lead-silver deposit.
  • Magneto-telluric survey lines map thick, highly conductive sedimentary sequences that are the key to finding large Mount Isa style zinc deposits.
  • Conductive sequences remain untested by past exploration.

Gulf Project, QLD, Copper-Gold

  • Higher resolution gravity surveying initiated over several previously untested Iron-Oxide Copper-Gold (IOCG) target areas.

Yarrie, WA,Copper-Cobalt

  • Significant new project secured in the Paterson Province along trend from the Nifty Copper mine and a new Rio Tinto copper play.
Download this file  (3.6Mb pdf)
Announcement 10 September 2018

Drilling Underway on the Punt Hill & Pernatty Lagoon Copper-Gold Projects, SA

Joint venture partner OZ Minerals Limited (OZ Minerals) has initiated a significant maiden drill program testing a series of new copper-gold plays on the Punt Hill and Pernatty Lagoon joint venture projects located 30 kilometres south of the Carrapateena deposit.  Initially, six separate targets totaling more than 6000 metres of drilling will be tested.

Red Metal together with OZ Minerals has been developing new targeting concepts for the location of higher grade zones of copper-gold mineralisation on the Punt Hill and Pernatty Lagoon projects.  This work identified a range of previously untested geophysical targets for proof of concept drill tests.