Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Red Metal Limited ( (AU:RDM) ) has provided an announcement.
Red Metal Limited has commenced diamond core drilling at its Pulkarrimarra Project in the Paterson Province, Western Australia. The project targets sedimentary-hosted copper and high-priority gold targets, with funding support from BHP for the western targets. The drilling program is expected to take three months, with the potential to expedite completion using a second rig. This development positions Red Metal strategically within a region noted for significant mineral discoveries, potentially enhancing its market presence and offering promising opportunities for stakeholders.
More about Red Metal Limited
Red Metal Limited operates in the mining industry, focusing on the exploration and development of copper, cobalt, and gold resources. The company is actively engaged in projects in the Paterson Province of Western Australia, a region known for its rich mineral deposits.
Average Trading Volume: 269,241
Technical Sentiment Signal: Buy
Current Market Cap: A$50.38M
For a thorough assessment of RDM stock, go to TipRanks’ Stock Analysis page.