• Assays from 19 infill holes reveal multiple, long intercepts of Magnet Rare Earth Oxide (MREO) mineralisation
• Significant oxide intercepts include up to 162 metres at 337 ppm NdPr, 30 ppm DyTb
• Total MREO grades and widths consistent with earlier results, adding confidence to Inferred Mineral Resource

Assay results from infill drilling over the eastern Kary Zone at Red Metal's Sybella rare earth project confirm the strong continuity of wide zones of rare earth oxide mineralisation. The 19 infill holes drilled in November 2024 revealed multiple, long intercepts of Magnet Rare Earth Oxide (MREO) mineralisation, including neodymium, praseodymium, dysprosium and terbium oxides, with many starting at surface and ending in mineralisation. Significant oxide intercepts include 162 metres at 337 ppm NdPr and 30 ppm DyTb, 108 metres at 349 ppm NdPr and 38 ppm DyTb, and 72 metres at 338 ppm NdPr and 34 ppm DyTb. The total MREO grades and widths from the infill drilling are consistent with results from the adjacent earlier traverses, adding to the company's confidence in the Inferred Mineral Resource published in October 2024. pH optimisation leach tests are underway on composite samples, with results expected in March 2025. Planning is also underway to drill large diameter diamond core holes for column leach test work and recommence the infill drilling to an Indicated Mineral Resource category early in the 2025 field season.

Planning is underway to drill large diameter diamond core holes for column leach test work and recommence the infill drilling to an Indicated Mineral Resource category early in the 2025 field season.