Red Metal Limited · ASX:RDM
Red Metal — Investor Presentation (September 2023)
15 slides from Red Metal's investor presentation, Sep 4, 2023
Slide 1: Announcement: Sybella REO Discovery Presentation
ANNOUNCEMENT 4 SEPTEMBER 2023 Presentation : SYBELLA REO DISCOVERY Please find the attached presentation titled: Sybella REO Discovery: A potential new source of the “critical” rare earth elements neodymium and praseodymium in Northwest Queensland. This announcement was authorised by the Board of Re
Slide 2: Sybella REO Discovery
ASX:RDM Sybella REO Discovery A potential new source of the “critical” rare earth elements neodymium and praseodymium in Northwest Queensland September 2023
Slide 3: Disclaimer
Disclaimer 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’, ‘believes’, ‘expects’, or ‘intends’ and other
Slide 4: Sybella: A World First
Sybella “A World First” New REO deposit style in Northwest Queensland • Drilling and preliminary metallurgical tests outline potential for new weak-acid soluble, rare earth oxide (REO) deposit type • Scope for extraction using bulk mining and simple metallurgical processing Results show weak-acid so
Slide 5: Historic Seismic Drilling
Sybella Historic Seismic Drilling • End of hole assays from shallow shot holes drilled by Geoscience Australia along a historic seismic traverse all ended in REO mineralisation at about 10-20 metres ~3000m > 300 ppm NdPr > 300 ppm NdPr 4
Slide 6: Vast Tonnage Potential
Sybella Vast Tonnage Potential • Proof-of-concept drilling by Red Metal highlights two separate REO mineralised zones each about 1000m wide • Open along strike north and south and at depth • Plus localised higher grades in breccia zones 10km Boundary Fence Traverse 5
Slide 7: Vast Tonnage Potential
Sybella Vast Tonnage Potential • Proof-of-concept drilling by Red Metal highlights two separate REO mineralised zones each about 1000m wide • Open along strike north and south and at depth • Plus localised higher grades in breccia zones 4km Boundary Fence Traverse 6
Slide 8: Vast Tonnage Potential
Sybella Vast Tonnage Potential Boundary Fence Traverse 0m Broken Granite Fresh Granite 120m > 300 ppm NdPr > 300 ppm NdPr Donkey Dam Traverse Breccia Broken Granite Zone Fresh Granite 7
Slide 9: Grade Potential
Sybella Grade Potential TREO+Y Pr6O11 Nd2O3 Y2O3 Dy2O3 NdPr Hole ID From To Intercept ppm ppm ppm ppm ppm ppm SBRC018 6 120 (EOH) 114 1,723 74 262 179 32 336 SBRC017 0 120 (EOH) 120 1,710 74 261 168 30 335 SBRC016 0 120 (EOH) 120 1,724 76 264 164 29 340 SBRC015 0 120 (EOH) 120 1,962 75 261 147 27 33
Slide 10: Potentially Easily Dissolved REO Minerals
Sybella Potentially Easily Dissolved REO Minerals Positive proof-of-concept test by ANSTO • Soluble rare earth fluoro-carbonate mineralogy (bastnasite and synchite) • High recoveries of “critical” REO’s neodymium and praseodymium (80-90%) in moderate acid leach solution (40kg/t sulphuric acid, 70 de
Slide 11: Potentially Easily Dissolved REO Minerals
Sybella Potentially Easily Dissolved REO Minerals Positive proof-of-concept test by ANSTO ANSTO Leach Results • Soluble rare earth fluoro-carbonate mineralogy 100 90 (bastnasite and synchite) 80 • High recoveries of “critical” REO’s neodymium 70 and praseodymium (80-90%) in moderate acid % Dissoluti
Slide 12: Potential Mining Advantages
Sybella Potential Mining Advantages Scope for low cost open pit mining • Starts at surface, 1000m wide • Very low strip ratio Mount Isa Potential for simple low-cost processing • Bulk of REE’s in soluble fluoro-carbonate minerals • Favourable low-acid consuming granite host rock • Low uranium and th
Slide 13: Examples of Other Giant Granite-Hosted, Weak-Acid Soluble Deposit Types
Examples of Other Giant Granite-Hosted, Weak-Acid Soluble Deposit Types Copper as chalcocite in weathered granitic porphyry • Morenci Mine (USA) Uranium as uraninite in granite • Rossing Mine (Namibia) • Hsuab Mine (Namibia) • Typically 300-600ppm U3O8/100ppm COG REO’s as fluoro-carbonate in granite
Slide 14: Future Work
Sybella Future Work Bench-scale metallurgical tests • Leach tests • Grind sizes Mount Isa • Bond Work Index • Any mineralogical variation Step-out drilling • Bulk resource definition • Extent of higher grade breccia zones Assess alternative funding options • Critical metals grants QLD or Federal gov
Slide 15: Rob Rutherford – Managing Director
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