- CEO
- Robert Alexander Rutherford
- Full Time Employees
- 5
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 323 Castlereagh Street Sydney NSW Australia 2000
- IPO Date
- Sep 18, 2003
- Business
- Red Metal Limited (ASX:RDM) explores for minerals, primarily copper, copper-gold, nickel-cobalt, silver-lead-zinc and rare earth elements, across multiple projects in Australia; its principal activities encompass acquisition, geophysical surveys, drilling programs and resource delineation targeting giant deposits in prospective terrains including the Paterson Province, Carpentaria Province, Gawler Craton, Curnamona Province, Pilbara Craton, Madura and Coompana Provinces; core projects feature Yarrie copper-cobalt and copper-gold (joint venture with BHP funding exploration including Haverion and Winu-style targets); Gulf copper-gold; Gidyea copper-gold; Corkwood copper-gold; Lawn Hill; Pernatty Lagoon/Punt Hill copper-gold; Callabonna copper-gold; Pardoo nickel-copper-gold (with Hemi-style intrusion-related gold targets); Nullarbor; Three Ways; and Sybella rare earth oxide discovery in northwest Queensland, a granite-hosted deposit with JORC inferred resource of 4.80 billion tonnes at 302ppm NdPr and 28ppm DyTb (200ppm cut-off), plus higher-grade Kary and Templeton zones.
The company maintains a 44% equity stake in Maronan Metals Limited (ASX:MMA), stemming from the spin-out of its advanced silver-lead-copper Maronan deposit in the Mount Isa Inlier.
Founded in 2003 and headquartered at Level 15, 323 Castlereagh Street, Sydney, New South Wales, Red Metal operates solely in Australia with approximately five employees; it pursues greenfields discovery alliances, such as with BHP at Yarrie where $680,000 funded FY24 activities advancing copper-gold targets, and secures government grants including $360,000 from Queensland and Western Australia plus R&D rebates; recent developments encompass November 2025 issuance of incentive options, Sybella metallurgy breakthroughs via ion exchange resin trials achieving 70-80% NdPr and 40-60% DyTb recoveries in heap leach tests at pH 2.0-2.5 (November 18 announcement), 2025 AGM results, drilling updates at Three Ways and Gulf (September 30), and planned H2 2025 drilling at Pardoo (2,000m RC for three gold targets) and Pulkarrimarra (four gold-copper targets along Winu gravity corridor).