Red Metal (RDM) Company Presentation summary

Corporate overview and capital structure

• ASX-listed with code RDM, 359.7M shares on issue, and a market cap of $38M as of May 2025.

• Cash position stands at $4.9M.

• Board includes Rob Rutherford (MD), Russell Barwick (Chair), and other experienced directors.

• Directors/management hold 83.5% of shares; Freeport Minerals 13%, others 3.5%.

Sybella REO discovery and resource

• Sybella is a new, world-first granite-hosted REO deposit near Mt Isa, NW Queensland.

• Inferred resource: 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb (200 ppm NdPr cut-off).

• Weathered granite zone: 788 Mt at 297 ppm NdPr, 28 ppm DyTb.

• Resource confirms giant status and significant mapped extensions.

Metallurgy and test work

• Weathered granite hosts soluble REO minerals with low acid consumption.

• First leach tests show >70% REO extraction at ambient temperature using sulphuric acid.

• pH optimisation and column leach tests ongoing, with strong Nd extraction results.

• Accelerated exploration includes infill and extension drilling, and further metallurgical optimisation.