Red Metal Limited (AU:RDM) has released an update.
Red Metal Limited has announced a significant mineral resource estimate for its Sybella rare earth oxide discovery, positioning it as a globally significant source of neodymium and praseodymium. The project, located near Mt Isa, showcases large inferred mineral resources with promising low-cost processing options, potentially becoming a strategic asset in the rare earth market. With early-stage mining studies and funding discussions underway, the Sybella project could offer long-term operational advantages.
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