Red Metal Limited
Our Projects
Significant projects in world-class precincts.
Red Metal’s exploration portfolio spans four commodities — rare earths, copper-gold, zinc-lead-silver and gold — across Queensland, the Northern Territory, Western Australia and South Australia. Anchored by the 100%-owned Sybella Rare Earths Project, our flagship asset and the clear priority for near-term value; the wider, funded pipeline of copper-gold and zinc-lead-silver targets provides depth and further discovery potential.
Flagship Project
Sybella Rare Earths Project
A giant, granite-hosted rare earths discovery near Mount Isa, Queensland, advancing through Pre-Feasibility Study toward a simple, low-cost heap leach development pathway.
- Mount Isa Inlier, Northwest QLD
- 100% Red Metal
Big Copper Strategy
Copper-Gold Projects
A funded search for Australia’s next major copper-gold discovery, targeting IOCG and sedimentary-hosted systems close to proven mines and infrastructure.
- Pulkarrimarra, WA
- Pernatty Lagoon, SA
- Callabonna, SA
- Nullarbor, WA
- Gulf / Corkwood / Three Ways, QLD
- Brunette Downs / Mallapunyah, NT
- Pardoo, WA
Carpentaria Province
Zinc-Lead-Silver Projects
Exploring one of the world’s most productive zinc, lead and silver terrains for large stratabound and breccia-style base metal deposits.
- Lawn Hill, QLD
- Mallapunyah, NT
Where We Explore
Project Location Map
See every Red Metal project across Queensland, the Northern Territory, Western Australia and South Australia, coloured by commodity.
Other Interests
Maronan Metals (ASX: MMA)
Red Metal’s Maronan discovery was advanced far enough to be separately listed on the ASX as Maronan Metals Limited. Following a shareholder vote in May 2026, Red Metal distributed the majority of its MMA shareholding in-specie to shareholders, while retaining approximately 15.4 million MMA shares.