Red Metal (RDM) Earnings Call Presentation

Company Overview - Red Metal Limited (ASX:RDM) has 359,658,006 shares on issue[3] - The share price as of July 23, 2025, is 12 cents, resulting in a market capitalization of $43 million[3] - The company's cash reserves as of June 2025 are $4.9 million[3] Sybella Discovery (Rare Earth Elements) - The Sybella Discovery is a new granite-hosted REO deposit located 20km southwest of Mt Isa[11] - It is a large intrusion measuring 12.4km long and 3km wide[11] - The deposit has a resource of 4.795 billion tonnes at 302 ppm NdPr and 28 ppm DyTb (using a 200 ppm NdPr cut-off grade)[11] - This includes 788 million tonnes of weathered granite at 297 ppm NdPr and 28 ppm DyTb (using a 200 ppm NdPr cut-off grade)[11] - Bottle roll leach tests on the Kary Zone show strong MREO extraction at pH 1.7-2.5, with 70-80% NdPr and 40-60% DyTb extraction[20] Exploration Projects - Pardoo: Targeting Hemi-style gold deposits, with IP surveying completed and drilling planned for Q3 2025 followed by assay results in Q4 2025[10] - Pulkarrimarra: Exploring for Winu/Havieron-type gold-copper deposits, with drilling planned for Q3 2025 and assay results in Q4 2025[10] - Gulf: Targeting giant IOCG breccia, with drilling planned for Q3 2025 and assay results in Q4 2025[10] Maronan Project - Red Metal has a 44% equity in Maronan Metals (ASX:MMA), an advanced silver-lead, copper-gold project[10, 66] - A resource review is scheduled for Q2 2025, with advanced mining study results expected in Q3 2025, aiming to be "Mine Ready" in Q4 2025[10]