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Red Metal Limited ( (AU:RDM) ) just unveiled an announcement.
Red Metal Limited has announced successful optimization leach tests at its Sybella Rare Earths Discovery, highlighting the potential for low-cost processing using weaker acid strengths than previously indicated. The tests have shown strong rare earth extractions and the potential for naturally cleansing iron impurities, which could significantly reduce downstream processing costs. This development enhances the economic potential of the Sybella deposit and supports the feasibility of heap leach processing as an economic development option. The company plans to commence definitive column leach tests to further validate these findings and provide data for early-stage mine scoping studies.
More about Red Metal Limited
Red Metal Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with rare earth elements, with a significant emphasis on the Sybella Rare Earths Discovery located near Mount Isa. Red Metal Limited is engaged in innovative research to optimize low-cost processing techniques for extracting valuable minerals from its deposits.
Average Trading Volume: 377,466
Technical Sentiment Signal: Sell
Current Market Cap: A$37.76M
Learn more about RDM stock on TipRanks’ Stock Analysis page.