Red Metal - RDM (ASX) News & Expert Insights from Stockhead

Red Metal’s objective is to capture the capital growth that comes with discovery of a giant Tier 1 or Tier 2 mineral asset in Australia which may add anywhere from $300M to $3Bn in value. Our key focus has always been copper in the fertile Proterozoic terrains of Australia but we remain open to the search for other commodities in these terrains and take pride in being first movers on more remote frontier regions which have had very little exploration.

We utilise advanced exploration models and apply innovative new thinking together with proven leading-edge technologies to generate a range of exciting drill targets and aim to test a large number of proof-of-concept targets.

We regularly share the exploration risk and reward under alliance and joint venture arrangements which have the benefit of increasing exploration expenditure and where appropriate, establish funding arrangements that allow Red Metal to retain a maximum interest at the point of discovery.

The success of Red Metal’s strategy and innovation was recently underlined with the discovery of a completely new, previously unrecognised, REO deposit style on the Sybella project in the Mount Isa region where Red Metal has a long history of base metal exploration. Sybella is a giant, low-temperature acid soluble, REO deposit hosted with a granite and is a new REO deposit style for Australia and potentially a “world first.”

KEY PEOPLE

BSc (Geol), Masters.Econ.Geol., MAIG

Rob Rutherford is a geologist with over 30 years Australian and international exploration experience and has been involved in generative, feasibility and management roles in the copper, gold and base metal exploration industry. He was formerly employed by Phelps Dodge Australasia, Inc. for over 9 years where he was promoted to Australian Exploration Manager and internal expert on Iron Oxide Copper-Gold hydrothermal systems and Sediment-Hosted copper deposits.

Rob founded Red Metal Limited, successfully spun-out Maronan Metals Limited, and generated both their current ground packages. Rob has initiated and negotiated separate strategic funding alliances with copper majors Phelps Dodge and OZ Minerals and more recently discovered the large Sybella REO deposit – a new previously unrecognised class of deposit. Rob is responsible for the management of the Company’s exploration activities, future project generation and establishing and maintaining corporate strategies. Rob is also a non-executive director of Maronan Metals Limited.

Dip. Min Eng, FAusIMM, FAICD

Russell Barwick is a mining engineer with over 40 years technical, managerial and corporate experience in various commodities. He initially worked for Bougainville Copper Limited[CRA], Pancontinental Mining Limited [Jabiluka Uranium] and CSR Ltd [Hail Creek Coal]. Following this, Russell spent 17 years with Placer Dome Inc. occupying a number of key development, operational and corporate roles in numerous countries culminating in being appointed Managing Director of Placer Nuigini Ltd. He then served as Chief Executive Officer of Newcrest Mining Limited where he achieved strong market support.

For the four year period up to the end of 2006, Russell was the Chief Operating Officer of Wheaton River Minerals and Goldcorp Inc. during which the quickly evolving company grew from market capitalisation of several hundred million dollars to $22 billion and became the third largest gold company in the world by market capitalisation. He is currently a non-executive director of Mount Gibson Iron Limited, Lithium Power International Limited and the non-listed associated Minera Salar Blanco S.A. (Chile).

Russell provides Red Metal with a strong development and corporate background and provides the Company with leadership recognised by the international resources investment community. Russell chairs the Board of the Company and together with the other Board members be responsible for maintaining and establishing corporate strategies to achieve the Company’s objectives.

BSc (Geol), M.AusIMM, MAIG

Joshua Pitt is a geologist with over 40 years’ experience in exploration and corporate management. He has had a successful career in providing seed capital and corporate services to new mining and exploration ventures, which include Golden Grove Mining NL, Aztec Mining Limited, Helix Resources NL, Forrestania Gold NL and Dalrymple Resources NL.

He is currently Chairman of Hampton Hill Mining NL, Traka Resources Ltd and Red Hill Iron Limited. Josh, together with the other Board members, is responsible for maintaining and establishing corporate strategies that achieve the Company’s objectives.