Red Metal Limited

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Announcement 16 June 2009

Deep Drill Test Underway within Olympic Dam Domain

Drilling on one of the larger untested combined magnetic/gravity anomalies within the highly prospective Olympic Dam domain has been initiated on the Pernatty Lagoon joint venture project. 

Download this announcement from Investors/ASX Announcements Section (160Kb)
 
March 2009 Quarterly Report

Lakes/Frome JV, Uranium

  • Extensive drill program targetting roll-front type uranium mineralisation north of the Beverley and Four-Mile deposits to commence in the second quarter of 2009.

Maronan JV, Silver-Lead

  • BHP Billiton completed three wide spaced deep drill tests below the known mineralisation.  Interpretation of results and down hole electromagnetic surveys in progress.

Irindina project, Nickel-Copper-PGM's

  • Large landholding staked over fertile new nickel-copper province recently identified in the Eastern Arunta region, Northern Territory.  Shallow covered target areas defined for airborne electromagnetic surveying.

Copper-Gold projects

  • Significant hydrothermal alteration systems, some comprising broad intervals of low-grade copper mineralisation, identified for follow-up on a number of projects including Corkwood, Elizabeth Springs and Pernatty Lagoon.

Strategic Alliance

  • Freeport-McMoRan Exploration Corporation and Red Metal Limited agree to extend the terms of the existing Strategic Alliance Agreement for a further three years.  

Financial Status

  • With low administrative overheads and a strong cash position of $5.9 million, Red Metal is well placed to fund existing programs and is currently reviewing a variety of new project opportunities.

Download this report from Investors/Quarterly Reports Section (850Kb)
 
2008 Annual Report

Red Metal Limited annual report for 2008 financial year is available for download.

Download pdf (2,606 Kb)