Red Metal (ASX:RDM) reports a proof-of-concept drill test on the Forrest target located in the remote Nullarbor plain region of Western Australia is underway.
Drilling aims to tests a standout combined gravity and magnetic anomaly offering potential for copper or nickel sulphide mineralisation or carbonatite-hosted niobium and rare earth element mineralisation.
The company says the target is modelled below just 280m of younger sedimentary cover and is located adjacent to the Trans Australian rail line and an active airstrip at Forrest Siding.
This remote drill test is supported by a $200,000 grant awarded under the Western Australian government’s 2024 Exploration Incentive Scheme.
Red Metal notes that visual results should be available towards the end of February 2024.
Write to Adam Orlando at Mining.com.au
Images: Red Metal
