Business · Energy & Commodities · 1 hr ago
Red Metal starts 5,000m drilling campaign at Queensland rare earths project
Red Metal has started a drilling campaign at its Sybella rare earths project in Queensland.
The work will focus on the Kary Zone deposit, which is part of the project.
The company plans to complete 5,000 metres of reverse-circulation drilling.
One goal is to improve confidence in the deposit’s existing resource.
The other is to test whether mineralisation extends beyond the drilled area.
The campaign will provide information about the deposit, but no drilling results are given yet.
Red Metal has started a 5,000-metre drilling campaign at its Sybella rare earths project near Mount Isa in Queensland.
The drilling will target the Kary Zone to improve confidence in the existing resource and test whether mineralisation extends beyond the drilled area.
Infill drilling will focus on the southeast corner of the resource, while extensional drilling will test the interpreted southeast extension of Kary.
Assay results are expected early in 2027 and will help inform an updated Kary Zone resource estimate.
Red Metal expects to complete a prefeasibility study for Sybella in the first quarter of 2027.
- Who
- Red Metal, an Australian company.
- What
- It has started 5,000 metres of drilling to upgrade and extend the Kary Zone deposit.
- When
- The campaign was reported on October 22, 2026. Assay results are expected early in 2027.
- Where
- The Sybella rare earths project near Mount Isa, Queensland.
- Why
- To improve confidence in the resource, test for extensions to mineralisation and inform economic studies.
This story does not have two clearly opposing sides.
Red Metal’s 5,000-metre drilling campaign at Sybella was reported as underway.
Assay results from the campaign are expected.
Red Metal expects to complete the Sybella prefeasibility study.
- Drilling campaign
- 5,000 metres
- Target deposit
- Kary Zone, at the Sybella project
- Project location
- Near Mount Isa, Queensland
- Sybella inferred resource
- 4.795 billion tonnes
- Assay results expected
- Early 2027
- Prefeasibility study target
- First quarter of 2027