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ASX:RDM RIU Sydney Resources Round Up May 2025 2025 FIELD SEASON Booth 6 For personal use only
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Sybella Discovery Corporate Snapshot Board Of Directors & Senior Management Rob Rutherford Managing Director Russell Barwick Chairman (non exec) Joshua Pitt Director (non exec) Kim Grey Exploration Manager Patrick Flint Company Secretary Share Price : 05/05/2022 − 05/05/2025 ASX Code RDM Shares on Issue 359,658,006 Share Price 05 May 2025 10.5 cents Market Cap $38M Cash (Current) $4.9M Substantial Shareholders 13.0% 3.5% 83.5% Directors/Management Freeport Minerals Others 2 For personal use only
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2025 Field Season Booth 6 Near-Term News Flow Project Q1 25 Completed Q2 25 Q3/Q4 25 Comments Sybella New REO Discovery Infill drilling assays Met coring pH optimisation results Column leach tests Extension and infill drilling Mount Isa QLD Pardoo Gold IP surveying IP results / Drilling Hemi types Pulkarrimarra Gold-Copper Heritage Drilling Drilling Winu/Havieron types Gulf Copper-Gold Drilling Giant IOCG types Asset 44% Equity Q1 Q2 Q3 Comments Maronan ASX: MMA Advanced Silver-Lead Copper-Gold Met work and assays from infill drilling on Starter Zone Resource Review on Starter Zone Advanced Mining Study Cannington analogue Strong silver play “Booth 73” 3 For personal use only
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Sybella Discovery A ‘World First’ in Northwest Queensland New Granite-Hosted REO Deposit • 12.4km long 3km wide intrusion • Just 20km SW of Mt Isa • Excellent infrastructure 4 For personal use only
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Sybella Discovery Inferred Mineral Resource Estimate 5 Kary Zone Templeton Zone Confirms Giant Status • 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb* (200 ppm NdPr cut-off grade) Includes Weathered Granite • 788 Mt at 297 ppm NdPr, 28 ppm DyTb* (200 ppm NdPr cut-off grade) 7,691,200N Vertical Scale = 4x Horizontal Scale 1km 100m Kary ZoneTempleton Zone 4km RDM: ASX Release dated 21 October 2024* Kary Zone Mapped Extension For personal use only
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Weathered Granite Base Lower Saprolite Fresh Granite Transitional - Part Weathered & Part Fresh Granite Soluble REO Ore Minerals Low-Acid Consuming Host Rock 6 Metallurgical Boundary For personal use only
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Sybella Discovery First Leach Tests - Weathered Granite 7 Very strong Nd extractions Still leaching at end of tests. Need to extend residence time to terminal REO extractions Weathered Granite • >70% REO extraction • Using ambient temperature • Sulphuric acid pH 1.5-2.5 Bottle Roll pH Optimisation in Progress For personal use only
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Sybella Discovery Accelerated Exploration Programs 8 Bottle Roll Test Work on Weathered Granite • pH optimisation Kary Zone (Results shortly) • pH optimisation Templeton Zone (Initiate Q2 2025) 4km For personal use only
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Sybella Discovery Accelerated Exploration Programs 9 Column Test Work on Weathered Granite • PQ diamond cores holes Kary Zone (Completed Q1 2025) • Column Leach Tests Kary Zone (Q2/3 2025) 4km For personal use only
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Sybella Discovery Accelerated Exploration Programs 10 Recent Geological Mapping • Defined extension to Kary Zone to southeast • Offers scope to double size of weathered Kary Zone ores Additional Drilling • Kary Zone extension (Q3 2025) • Kary Zone infill to Indicated (Q3/Q4 2025) Kary Zone Mapped Extension 4km For personal use only
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11 Pardoo Hemi-style Gold Potential Pardoo Magnetic/Soil Targets Untested Hemi Look-alikesExtension of Hemi Terrain • Untested Hemi look-alikes • Same structural corridor • Under 50-150m of cover Hemi 13 Moz Au $6Bn transaction For personal use only
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12 Pardoo Bullseye Magnetic Targets Hemi - Vertical Derivative Magnetic Imagery (from DeGrey Nov 2021) Hemi Discrete Magnetic Bullseye Targets Pardoo - TMI Magnetic Imagery on Geology showing Bullseye Magnetic Targets 2km Hemi - 13 Moz Au Pardoo Untested Pardoo Tagets Hemi-style Bulls-eye Magnetic Targets As-Sb-Sn Soil anomalism Pardoo Magnetic Targets Untested Hemi Look-alikes For personal use only
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13 Pardoo Anomalous Soils Pardoo TMI Image and Ultra-fine Fraction Soil Geochemistry Ultra-Fine Fraction Soils • Anomalous: As, Sb, Bi, W, Sn, Te, Ag, Zn over magnetic targets • Plus: Sn, Ta, Li targets Pardoo Anomalous Soils For personal use only
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14 Pardoo Electrical Survey Trials Pardoo 3 IP Imagery Deep IP/AMT in Progress • To assist drill positioning Drilling Q2 2025 Pardoo Anomalous Soils For personal use only
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15 Pulkarrimarra Intrusion-Related Gold-Copper Proven Paterson Terrain • Giant intrusion-related gold-copper deposits • Telfer, Havieron, Winu, Minyari Pulkarrimarra • North Extension of Paterson Province • Recent project name change • Untested Havieron & Winu ‘look-alikes’ • Heritage surveyed • Drilling planned 2025 Paterson TMI and Deposits Geophysical Analogues of Winu and Havieron 2.8Mt Cu 5.7 Moz Au 2.4 Mt Cu 2.3 Moz Au 85t Cu 32 Moz Au 1 Mt Cu 5.6 Moz Au 220 kt Cu For personal use only
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16 Pulkarrimarra Intrusion-Related Gold-Copper Pulkarrimarra Project Geophysical Analogues of Winu and Havieron Winu 608 Mt @ 0.4% Cu, 0.3 g/t Au 2.4 Mt Cu, 5.7 Moz Au Gravity ImageMagnetic Image For personal use only
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17 TMI Vertical Derivative Dcon db z 350m YE2 YE4YE1 YE3 Magnetic Analogues Of Winu and Havieron Blue Resistivity High Silica Alteration? Untested Havieron & Winu ‘look-alikes’ Pulkarrimarra Intrusion-Related Gold-Copper ~11km For personal use only
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18 Gulf Giant IOCG Greyscale Vertical Gradient Magnetic Image Overlain by Red Metal’s Infill Vertical Gradient Gravity Image First Mover Advantage • Covered extension of Cloncurry IOCG terrain (Ernest Henry) • First to apply high resolution gravity • Early drilling discovering new hematite and magnetite IOCG breccias • Comparable to Gawler Craton SA For personal use only
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19 Gulf Giant IOCG GT7 Overprinting Breccia Hm-Mt-Carb +Bn+Cpy GT7 Breccias GT7 Early Breccia Mt-Cb-Py-Kf Early Drilling • New hematite and magnetite IOCG breccias emerging • Comparable to Gawler Craton SA Untested GT9 ~25km For personal use only
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20 Gulf Giant IOCG Gulf GT9 Oak Dam Large Untested Gravity Target GT9 • Comparable response to BHP’s giant Oak Dam deposit in the Gawler Craton Gravity ImageGravity Image 1.34 Bt @ 0.66% Cu, 0.33 g/t Au including 220 Mt @ 1.96% Cu, 0.68 g/t Au (BHP August 2024) For personal use only
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21 44% Equity in Maronan Metals ASX:MMA Silver-Lead & Copper-Gold Moving Towards “Mine Ready” • Silver-lead Cannington look-alike, • Adjacent large copper-gold orebody For personal use only
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2025 Field Season Booth 6 Near-Term News Flow Project Q1 25 Completed Q2 25 Q3/Q4 25 Comments Sybella New REO Discovery Infill drilling assays Met coring pH optimisation results Column leach tests Extension and infill drilling Mount Isa QLD Pardoo Gold IP surveying IP results / Drilling Hemi types Pulkarrimarra Gold-Copper Heritage Drilling Drilling Winu/Havieron types Gulf Copper-Gold Drilling Giant IOCG types Asset 44% Equity Q1 Q2 Q3 Comments Maronan ASX: MMA Advanced Silver-Lead Copper-Gold Met work and assays from infill drilling on Starter Zone Resource Review on Starter Zone Advanced Mining Study Cannington analogue Strong silver play “Booth 73” 22 For personal use only
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Disclaimer (1/2) This Presentation was Authorised by the Board of Red Metal. Caution Regarding Forward-Looking Statements. This Presentation contains forward-looking statements which are identified by words such as ‘may’, ‘could’, ‘potential for’, ‘scope for’, ‘opportunity for’, ‘believes’, ‘expects’, or ‘intends’ and other similar words that involve risks and uncertainties. These statements are expressed in good faith and believed to have a reasonable basis, and are based on a number of assumptions regarding future events and actions that, as at the date of this Presentation, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and the Company’s management. The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this Presentation will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Company has no intention to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this Presentation, except where required by law. These forward-looking statements are subject to various risk factors that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements. 23 For personal use only
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Disclaimer (2/2) Competent Persons Statement The information in this report that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Robert Rutherford, who is a member of the Australian Institute of Geoscientists (AIG). Mr Rutherford is the Managing Director of the Company. Mr Rutherford has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code). Mr Rutherford consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report that relates to Exploration Results and estimates of Mineral Resources for the Sybella Project was previously reported by the Company in compliance with JORC 2012 in various market releases with the last one being dated 11 February 2025. The Company confirms that it is not aware of any new information or data that materially affects the information included in those earlier market announcements and, in the case of the estimate of Mineral Resources all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The information in this report that relates to Exploration Results and estimates of Mineral Resources for the Maronan Project was previously reported by the Company and its controlled entity Maronan Metals Limited in compliance with JORC 2012 in various market releases with the last one being dated 7 August 2024. The Company confirms that it is not aware of any new information or data that materially affects the information included in those earlier market announcements and, in the case of the estimate of Mineral Resources all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. 24 For personal use only
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Red Metal Limited Rob Rutherford – Managing Director Level 15, 323 Castlereagh Street Sydney 2000 Ph: +61 (0)2 9281 1805 | Mobile: +61 (0) 429 651 126 admin@redmetal.com.au | www.redmetal.com.au 25 For personal use only