Red Metal's objective is to maximise shareholder value through the discovery of giant copper, copper-gold, silver-lead zinc and uranium deposits in Australia which yield high internal rates of return on invested funds when developed.
Red Metal believes it will enhance its probability of discovery and achieve its corporate objective by:
- Sharing the exploration risk and reward under the terms of a Strategic Alliance Agreement with Phelps Dodge Australasia, Inc. (a subsidiary of Freeport-McMoRan Copper & Gold Inc.). This alliance utilises funding from both Freeport and Red Metal, which has the benefit of increasing exploration expenditure thus increasing the probability of discovery.
- Focussing its exploration effort on large, high grade deposits in the under-explored portions of fertile Proterozoic terrains in Australia.
- Utilising advanced exploration models and proven leading-edge technologies.
- Drill testing a large number of targets and continuing to identify new opportunities.
- Maintaining a high social awareness and applying high environmental standards during exploration and mining activities
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Company Objectives