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December 2011 Quarterly Report

Mount Isa Inlier, Qld, Base Metals

  • Drilling on the Maronan project initiated. Complete lead and silver assay results pending.
  • Xstrata allocate an internal budget of about $1M to Corkwood joint venture project in 2012 to finalise tests on Jimmy’s Creek copper-gold-silver breccia and initiate tests on other regional targets. 
  • Two kilometre long zone of highly anomalous copper and gold mineralisation on the Sandy Creek project drill ready. Program planned to start following the wet season.

Curnamona Cratons, SA, Uranium 

  • Cameco   complete over 18,000 metre drill program and propose a similarly aggressive budget towards exploration on the Lakes joint venture in 2012.

Paradox Basin, Colorado, Potash

  • Environmental assessment for prospecting permit authorisation in progress.

Download this report (2.3 Mb pdf)
 
September 2011 Quarterly Report

Mount Isa Inlier, QLD, Base Metals

  • Xstrata initiates 3,000 metre drill program testing possible extension to the Jimmy’s Creek copper-gold-silver breccia on the Corkwood joint venture project.  Drilling in progress.
  • Drill ready targets for high-grade Cannington style silver-lead mineralisation defined on the Maronan project.  Drill rig secured for start during December quarter.
  • New, previously untested, two kilometre long zone of highly anomalous copper and gold mineralisation discovered at surface on the Sandy Creek project near the Osborne copper-gold mine.  Preparation for drilling tests during the December quarter are in progress.

Paradox Basin, Colorado, Potash

  • Environmental assessment for prospecting permit authorisation in progress. 

Curnamona Cratons, SA, Uranium 

  • Cameco initiated a 16,000 metre uranium drill program on the Lakes joint venture projects.  Preparation underway to add a further 10,000 metres of drilling to the current program.

Corporate Activity

  • Additional drill funding secured through underwritten rights issue.

Download this report (2.8 Mb pdf)
 
2011 Annual Report

Red Metal Limited annual report for 2011 financial year lodged with ASX 19 September - printer's version now available for download.

Download report (2.5 Mb pdf)