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Announcement 25 November 2013

Drilling update on MRN13002, Maronan Project, NW QLD

The current near vertical drill hole, MRN13002, designed to test the promising northern hinge zone copper and gold target, is progressing at 405 metres depth. The hinge zone target structure is likely to be intersected from about 600 metres onwards.

Drilling to date has been slower than expected because of the need to use directional drilling equipment to maintain the hole on target. The drill hole is estimated to take a further three weeks to complete. Assay results are anticipated in the first quarter of 2014.

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September 2013 Quarterly Report

Quarterly Report and Cash Flow for 30 September 2013

Maronan, QLD, Copper-Gold & Silver-Lead

  • Drill test in progress on the promising northern hinge zone copper and gold target.
  • Current drill hole, MRN13002, situated about 200 metres north of wide interval of strong copper and gold mineralisation intersected in the last hole - 115 metres at 0.8% copper and 0.5 g/t gold.
  • Drilling will aim to test the potential for wide zones of higher grades focused at the hinge zone.

Emu Creek JV, QLD, Copper-Gold

  • Inova Resources Limited farm-in to five Red Metal exploration licences in the vicinity of their Osborne copper and gold mining operations. Field programs initiated.

Nextisa, QLD, Silver-Lead-Zinc & Copper

  • Preparations underway for a deep penetrating electrical geophysical survey in the December quarter.

Colorado Potash, USA

  • Five prospecting permits covering the approved drill sites and extending over 35 square kilometres issued by the Bureau of Land Management.
  • Agapito Associates commissioned to undertake an internal concept study to assess potential economic scenarios for the project before moving forward with drilling.

Industry Award

  • RDM exploration team awarded Queensland Explorer of the Year for 2013 by the Queensland Government and Queensland Resources Council.

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Announcement 17 September 2013

Colorado Potash Project Update

This document provides a high level overview of the Colorado Potash project and exploration target concept.

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Announcement 24 October 2013

Red Metal awarded Queensland Explorer of the Year

The Board of Red Metal is very pleased to announce that its exploration team has been awarded the Queensland Explorer of the Year for 2013.

This prestigious industry award was determined by a select committee that includes members from the Queensland Government and the Queensland Resources Council and was presented by the Minister of Natural Resources and Mines, the Honourable Andrew Cripps MP, at yesterday's Mining 2013 Resources Convention in Brisbane.

Continued innovative thinking and bold drilling backed with recent exploration success at Maronan won Red Metal’s team the award.

The award coincides with the recommencement of drilling on the Maronan project following on from the last successful hole which returned 115 metres averaging 0.8% copper and 0.5 g/t gold.

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2013 Annual Report

Red Metal Limited annual report for 2013 financial year (printer's version)

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Announcement 30 September 2013

New Exploration Agreement with Inova Resources

Red Metal is pleased to announce the signing of an exploration agreement with Inova Resources Limited incorporating five Red Metal exploration licences in the vicinity of Inova’s Osborne copper and gold mining operations. Inova bring significant regional exploration and operational experience to these projects and with existing mine infrastructure in the region offer potential cost advantages if successful.

Download the announcement (374kb pdf)