Sybella Rare Earths Confirmed with Wide Zones; Lawn Hill Base Metals Show New Targets
Red Metal Limited's March 2025 quarterly report reveals robust progress across its rare earth and base metals projects, underpinned by promising drilling results and supportive government funding.
- Sybella rare earths discovery confirms wide, continuous mineralisation with key assay results
- Lawn Hill drilling highlights potential near-miss base metals setting with anomalous thallium and silver-lead ratios
- Pardoo and Pulkarrimarra projects advance with new gold and copper targets and planned drilling campaigns
- Maronan Metals subsidiary reinforces silver-lead continuity and copper-gold potential with 2024 drill results
- Received $390,000 in Queensland government drilling grants and $465,349 R&D tax refund supporting exploration
Sybella Project: Rare Earths Momentum Builds
Red Metal Limited’s March 2025 quarterly update spotlights its Sybella project in Queensland as a standout rare earth elements (REE) discovery. The granite-hosted deposit, located just 20 kilometres from Mount Isa, continues to demonstrate strong continuity of rare earth oxide mineralisation. Assay results from 19 infill drill holes over the eastern Kary Zone confirm wide zones of mineralisation consistent with the company’s October 2024 Inferred Mineral Resource estimate. Notably, intercepts such as 108 metres at 349 ppm NdPr and 162 metres at 337 ppm NdPr reinforce the deposit’s scale and grade potential.
Metallurgical test work is advancing with bottle roll pH optimisation tests nearing completion and nine large diameter diamond core holes drilled to provide samples for upcoming column leach tests. These tests aim to validate a low-cost heap leach processing route, a critical step toward a Mine Scoping Study. Red Metal is also expanding its resource confidence with ongoing mineralogical studies and heritage surveys to support further drilling.
Base Metals and Gold Projects: Lawn Hill, Pardoo, and Pulkarrimarra
At Lawn Hill in Queensland, assay results from diamond core hole BDD24001A reveal a heavily pyritic stratigraphy with anomalous thallium and a high silver to lead ratio, interpreted as a potential near-miss setting for base metals mineralisation. This supports the company’s proof-of-concept and guides future exploration toward untested gravity targets BB2 and BB3.
In Western Australia, the Pardoo project is progressing with trials of deep penetrating electrical geophysical surveys to refine drill targeting of Hemi-style gold and lithium prospects. Drilling is scheduled to commence in Q2 2025, following promising soil geochemistry anomalies and magnetic targets within the Pilbara Craton.
The Pulkarrimarra project (formerly Great Sandy/Yarrie) in the Paterson Province is advancing under a greenfields discovery alliance with BHP. The project hosts Havieron and Winu style gold targets and sedimentary-hosted copper prospects. Heritage surveys are complete, and drilling preparations are underway for the upcoming field season.
Maronan Metals Subsidiary Delivers Positive Drilling Outcomes
Maronan Metals Limited, a 44% owned subsidiary of Red Metal, reported final results from its 2024 diamond drilling campaign at the Maronan lead-silver and copper-gold project. The results reinforce the continuity of silver-lead horizons and indicate potential mineable copper-gold zones within the shallow Starter Zone. A Mineral Resource update is on track for release in Q2 2025, supported by the recent lodgement of a Mineral Development Licence, a key milestone toward underground mine development.
Financial Position and Government Support
Red Metal’s exploration expenditure for the quarter totaled $1.78 million, reflecting active drilling and test work across its portfolio. The company ended the quarter with approximately $9 million in cash reserves, bolstered by $390,000 in Queensland Government collaborative drilling grants and a $465,349 Research and Development tax refund related to innovative work at Sybella. These funds provide a solid financial foundation to advance multiple projects simultaneously.
Looking ahead, Red Metal is focused on progressing metallurgical testing, expanding resource confidence, and executing planned drilling campaigns across its key projects. The company’s diversified portfolio and strategic partnerships position it well to capitalize on growing demand for critical minerals and base metals.
Bottom Line?
Red Metal’s multi-project momentum and government backing set the stage for pivotal resource updates and drilling results in the coming quarters.
Questions in the middle?
- Will upcoming column leach test results at Sybella confirm the feasibility of low-cost heap leach processing?
- Can Lawn Hill’s near-miss base metals indicators translate into a new economic discovery with further drilling?
- How will Maronan Metals’ Mineral Resource update impact Red Metal’s valuation and development timeline?