Red Metal Limited

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June 2022 Quarterly Report

HIGHLIGHTS

CORPORATE

Maronan Metals, QLD, Silver-Lead & Copper-Gold

  • Spinout and $15 million IPO successfully completed in April.
  • Maiden drill program to begin in early August.

ALLIANCE WITH OZ MINERALS

Yarrie, WA, Copper-Gold-Cobalt

  • Remote drill sites visited to scope-out access logistics.
  • Preparation underway for heritage survey next quarter.

Gulf, QLD, Copper-Gold

  • Up to four key targets planned for follow-up drilling including a step-out hole adjacent to an encouraging hydrothermal ironstone intercept.
  • Heritage surveying and drilling planned next quarter.

Lawn Hill, QLD, Lead-Zinc-Silver and Copper

  • Historic Bluebush zinc prospect secured following advanced geophysical modelling and new geological interpretation.
  • Previously untested targets opportunities defined.

RED METAL FUNDED PROJECTS

Gidyea, QLD, Copper-Gold

  • Passive seismic trials successfully completed over new IOCG targets.
  • Heritage survey planned next quarter.

Download this file  (4 Mb pdf)
Yarrie Project Update: New Copper-Gold Target Opportunities In The Paterson Province, Western Australia
Advanced processing of new airborne electromagnetic and magnetic data recently flown over Red Metal's Yarrie project has enabled the interpretation of several high-priority geophysical targets for follow-up exploration.
 
Download this file  (1.6 Mb pdf)