Red Metal (ASX: $RDM) Phase 1 Metallurgical Results Validation

Red Metal Limited (ASX: $RDM) has announced the successful validation of phase 1 metallurgical results on the Sybella REO discovery by independent rare earth metallurgical specialists ANSTO Minerals. The phase 1 test work, completed by Core Resources, demonstrated strong REO extraction with low levels of impurities using low levels of sulphuric acid addition at ambient temperature. The slight differences in acid consumption and element extractions between the ANSTO and Core results will be further understood during the planned Phase 2 leach test work, currently in progress. Additionally, land access preparations ahead of a regional step-out drill program are progressing, with drilling anticipated to begin early May 2024.

Executive Commentary on Phase 1 Metallurgical Results

The successful validation of phase 1 metallurgical results by ANSTO Minerals is a significant milestone for Red Metal. The strong REO extraction and low acid consumptions demonstrated in the validation test work reaffirm the potential for simple, low-cost processing methods, which is encouraging for the future development of the Sybella REO discovery. We are looking forward to the Phase 2 leach test work, which aims to provide more optimized data for an early-stage mining study. The progress on land access preparations and the upcoming regional step-out drill program further underlines our commitment to advancing the project and exploring its full potential.

Summary of Red Metal's Sybella REO Project

Red Metal (ASX: $RDM) has successfully validated the phase 1 metallurgical results on the Sybella REO discovery, indicating strong REO extraction with low levels of impurities. The slight differences in acid consumption and element extractions between the ANSTO and Core results will be further understood during the planned Phase 2 leach test work, with results expected in Q2 2024. The company is also making progress on land access preparations for a regional step-out drill program, which is set to commence early May 2024. The executive commentary emphasizes the significance of the validation results and the company's commitment to advancing the project and exploring its full potential.