Red Metal Limited · ASX:RDM
Red Metal — RIU Sydney Resources Round Up May 2025
25 slides from Red Metal's conference presentation, May 6, 2025
Slide 1: 2025 Field Season - RIU Sydney Resources Round Up
For personal use only ASX:RDM 2025 FIELD SEASON Booth 6 RIU Sydney Resources Round Up May 2025
Slide 2: Corporate Snapshot
Sybella Discovery Corporate Snapshot For personal use only ASX Code Board Of Directors & Senior Management Share Price : 05/05/2022 − 05/05/2025 RDM Rob Rutherford Managing Director Russell Barwick Chairman (non exec) Shares on Issue Joshua Pitt Director (non exec) 359,658,006 Kim Grey Exploration M
Slide 3: Near-Term News Flow
2025 Field Season Booth 6 Near-Term News Flow For personal use only Project Q1 25 Completed Q2 25 Q3/Q4 25 Comments Sybella New REO Infill drilling assays pH optimisation Extension and Mount Isa QLD Discovery Met coring results infill drilling Column leach tests Pardoo Gold IP surveying IP results /
Slide 4: A 'World First' in Northwest Queensland
Sybella Discovery A ‘World First’ in Northwest Queensland For personal use only New Granite-Hosted REO Deposit • 12.4km long 3km wide intrusion • Just 20km SW of Mt Isa • Excellent infrastructure 4
Slide 5: Inferred Mineral Resource Estimate Confirms Giant Status
Sybella Discovery Inferred Mineral Resource Estimate For personal use only Confirms Giant Status • 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb* (200 ppm NdPr cut-off grade) Includes Weathered Granite • 788 Mt at 297 ppm NdPr, 28 ppm DyTb* (200 ppm NdPr cut-off grade) Templeton Zone 4km Templeton Zone Kary
Slide 6: Soluble REO Ore Minerals, Low-Acid Consuming Host Rock
Soluble REO Ore Minerals Low-Acid Consuming Host Rock For personal use only Weathered Granite Base Lower Saprolite Metallurgical Boundary Transitional - Part Weathered & Part Fresh Granite Fresh Granite 6
Slide 7: First Leach Tests - Weathered Granite
Sybella Discovery First Leach Tests - Weathered Granite For personal use only Weathered Granite Very strong Nd • >70% REO extraction extractions • Using ambient temperature Still leaching at end of tests. Need to extend • Sulphuric acid pH 1.5-2.5 residence time to terminal REO extractions Bottle Ro
Slide 8: Accelerated Exploration Programs: Bottle Roll Test Work
Sybella Discovery Accelerated Exploration Programs Bottle Roll Test Work on Weathered Granite For personal use only • pH optimisation Kary Zone (Results shortly) • pH optimisation Templeton Zone (Initiate Q2 2025) 4km 8
Slide 9: Accelerated Exploration Programs: Column Test Work
Sybella Discovery Accelerated Exploration Programs Column Test Work on Weathered Granite For personal use only • PQ diamond cores holes Kary Zone (Completed Q1 2025) • Column Leach Tests Kary Zone (Q2/3 2025) 4km 9
Slide 10: Accelerated Exploration Programs: Recent Geological Mapping
Sybella Discovery Accelerated Exploration Programs Recent Geological Mapping For personal use only • Defined extension to Kary Zone to southeast • Offers scope to double size of weathered Kary Zone ores Additional Drilling 4km • Kary Zone extension (Q3 2025) • Kary Zone infill to Indicated (Q3/Q4 20
Slide 11: Pardoo: Hemi-style Gold Potential
Pardoo Hemi-style Gold Potential Pardoo Magnetic/Soil Targets For personal use only Untested Hemi Look-alikes Extension of Hemi Terrain • Untested Hemi look-alikes • Same structural corridor • Under 50-150m of cover Hemi 13 Moz Au $6Bn transaction 11
Slide 12: Pardoo: Bullseye Magnetic Targets
Pardoo Bullseye Magnetic Targets For personal use only Hemi - 13 Moz Au Pardoo Untested Hemi Discrete Magnetic Bullseye Targets Pardoo Magnetic Targets Pardoo Tagets Untested Hemi Hemi-style Look-alikes Bulls-eye Magnetic Targets As-Sb-Sn Soil anomalism 2km Hemi - Vertical Derivative Magnetic Imager
Slide 13: Pardoo: Anomalous Soils
Pardoo Anomalous Soils For personal use only Ultra-Fine Fraction Soils • Anomalous: As, Sb, Bi, W, Sn, Te, Ag, Zn over magnetic targets • Plus: Sn, Ta, Li targets Pardoo Anomalous Soils Pardoo TMI Image and Ultra-fine Fraction Soil Geochemistry 13
Slide 14: Pardoo: Electrical Survey Trials
Pardoo Electrical Survey Trials For personal use only Deep IP/AMT in Progress • To assist drill positioning Drilling Q2 2025 Pardoo Anomalous Soils Pardoo 3 IP Imagery 14
Slide 15: Pulkarrimarra: Intrusion-Related Gold-Copper
Pulkarrimarra Intrusion-Related Gold-Copper For personal use only Proven Paterson Terrain • Giant intrusion-related gold-copper Geophysical Analogues of Winu and Havieron deposits • Telfer, Havieron, Winu, Minyari Pulkarrimarra 5.7 Moz Au • North Extension of Paterson Province 2.4 Mt Cu • Recent pro
Slide 16: Pulkarrimarra: Geophysical Analogues of Winu and Havieron
Pulkarrimarra Intrusion-Related Gold-Copper For personal use only Pulkarrimarra Project Geophysical Analogues of Winu and Havieron Winu 608 Mt @ 0.4% Cu, 0.3 g/t Au 2.4 Mt Cu, 5.7 Moz Au Magnetic Image 16 Gravity Image
Slide 17: Pulkarrimarra: Untested Havieron & Winu look-alikes
Pulkarrimarra Intrusion-Related Gold-Copper For personal use only Untested Havieron & Winu ‘look-alikes’ Magnetic Analogues Blue Resistivity High Of Winu and Havieron YE3 Silica Alteration? YE1 YE4 YE2 ~11km Dcon db z 350m TMI Vertical Derivative 17
Slide 18: Gulf: Giant IOCG First Mover Advantage
Gulf Giant IOCG For personal use only First Mover Advantage • Covered extension of Cloncurry IOCG terrain (Ernest Henry) • First to apply high resolution gravity • Early drilling discovering new hematite and magnetite IOCG breccias • Comparable to Gawler Craton SA Greyscale Vertical Gradient Magneti
Slide 19: Gulf: Early Drilling
Gulf Giant IOCG For personal use only Early Drilling • New hematite and magnetite IOCG breccias emerging • Comparable to Gawler Craton SA Untested GT9 GT7 Breccias GT7 Overprinting Breccia Hm-Mt-Carb +Bn+Cpy ~25km GT7 Early Breccia Mt-Cb-Py-Kf 19
Slide 20: Gulf: Large Untested Gravity Target GT9
Gulf Giant IOCG For personal use only Large Untested Gravity Target GT9 • Comparable response to BHP’s giant Oak Dam deposit in the Gawler Craton Gulf GT9 Oak Dam 1.34 Bt @ 0.66% Cu, 0.33 g/t Au including 220 Mt @ 1.96% Cu, 0.68 g/t Au (BHP August 2024) Gravity Image Gravity Image 20
Slide 21: 44% Equity in Maronan Metals
44% Equity in Maronan Metals ASX:MMA Silver-Lead & Copper-Gold For personal use only Moving Towards “Mine Ready” • Silver-lead Cannington look-alike, • Adjacent large copper-gold orebody 21
Slide 22: Near-Term News Flow
2025 Field Season Booth 6 Near-Term News Flow For personal use only Project Q1 25 Completed Q2 25 Q3/Q4 25 Comments Sybella New REO Infill drilling assays pH optimisation Extension and Mount Isa QLD Discovery Met coring results infill drilling Column leach tests Pardoo Gold IP surveying IP results /
Slide 23: Disclaimer (1/2)
Disclaimer (1/2) For personal use only This Presentation was Authorised by the Board of Red Metal. Caution Regarding Forward-Looking Statements. This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘potential for’, ‘scope for’, ‘opportunity for’
Slide 24: Disclaimer (2/2) - Competent Persons Statement
Disclaimer (2/2) For personal use only Competent Persons Statement The information in this report that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Robert Rutherford, who is a member of the Australian Institute of Geoscienti
Slide 25: Red Metal Limited
For personal use only Red Metal Limited Rob Rutherford – Managing Director Level 15, 323 Castlereagh Street Sydney 2000 Ph: +61 (0)2 9281 1805 | Mobile: +61 (0) 429 651 126 admin@redmetal.com.au | www.redmetal.com.au 25