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Rare Earths Resource Boost in Sight as Red Metal Drills Qld Giant

The campaign will test near-surface higher-grade zones and heap-leach processing as assay results are expected early next year.

Summary by Business News
Red Metal has kicked off a 5000-metre infill and extension drilling program at its flagship Sybella rare earths project near Mount Isa. The campaign is designed to increase confidence in and expand its colossal 4.795-billion-tonne resource. Results will feed into an updated resource estimate and a prefeasibility study scheduled for completion in the first quarter of 2027.

6 Articles

Sydney Morning HeraldSydney Morning Herald
+4 Reposted by 4 other sources
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Rare earths resource boost in sight as Red Metal drills Qld giant

Red Metal has launched a 5000m drilling campaign at Sybella near Mount Isa, Queensland, aiming to grow its 4.795Bt resource ahead of a prefeasibility study.

·North Sydney, Australia
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StockheadStockhead

StockTake: Red Metal launches Sybella rare earths drilling

Red Metal (ASX:RDM) will undertake 5000m of RC drilling to test the Kary Zone deposit at its Sybella rare earths project.

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Stockhead broke the news on Thursday, October 22, 2026.
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