• Positive bottle roll pH optimisation tests on Kary Zone
• Drilling underway on the conductive Three Ways magnetic target
• Drill tests on Hemi-style gold targets at Pardoo planned for late 2025

Red Metal has reported on its activities for the June 2025 quarter, with highlights across its rare earth, copper-gold, and gold projects. At the Sybella rare earth project in Queensland, the company completed positive bottle roll pH optimisation tests on the Kary Zone, achieving optimum economic REO leach extractions in the low pH 1.7 to 2.5 range. This research also identified a low-cost, in-heap pathway to strip iron impurities. Nine large diameter PQ diamond core holes were drilled over the Kary Zone for upcoming column leach test work. Geological mapping has also outlined a significant southeastern extension to the Kary Zone. In Queensland, Red Metal was awarded collaborative drilling grants totalling $400,000 for its Three Ways and Gulf projects. Drilling is underway on the conductive Three Ways magnetic target, with drilling on the standout Gulf gravity target set to begin in August 2025. At the Pardoo project in Western Australia, the company has defined Hemi-style gold targets and completed geophysical surveys to firm up drill site locations. First drill tests are planned to commence in late August/September 2025, pending rig availability. Across Red Metal's other projects, the company continues to advance activities, including preparations for drilling at the Pulkarrimarra project in Western Australia and ongoing modelling at the Pernatty Lagoon project in South Australia.