Red Metal is diving deep into its Sybella rare earths project in Queensland, eyeing a colossal deposit of up to 4.9 billion tonnes—and it’s not just hype. With a pre-feasibility study underway, they’re zeroing in on the Kary Zone, home to 936 million tonnes of rare earths, and testing a low-cost heap leaching method using weak sulfuric acid—a twist borrowed from gold and copper mining. They’re targeting 20 million tonnes of ore per year, but flexible enough to scale up or down, weighing whether to build or buy acid and if refining into individual oxides is worth it. Beyond Sybella, Red Metal’s got a sprawling portfolio across Australia—copper, gold, nickel, base metals—making this study a make-or-break moment. Results by year’s end could unlock partnerships and government support as global demand for critical minerals surges. This isn’t just exploration—it’s a race to turn geology into a viable, world-class mine.
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