Red Metal Limited was the owner and operator of EPM 27569, Wills Creek, located 40 km East of Normanton. The tenement formed a part of Red Metals Gidyea project which incorporates a number of tenements over several standout geophysical anomalies in an under explored extension to the Cloncurry terrain which offers scope for large iron oxide copper-gold (IOCG) breccia systems.

This report summarises previous exploration and details work conducted from May 18, 2022 to May 17, 2023, the date the tenement was surrendered. This is the second Annual and Final Report in respect of this licence.

Exploration by Red Metal during 2021-2022 comprised: review of regional geophysical data sets, a ground gravity survey (770 stations).

Exploration by Red Metal during 2022-2023 comprised: modelling and review of data.

A large gravity feature was identified from regional data and a ground gravity survey conducted over the feature in 2021-2022. No short wave length anomalies were identified by the ground gravity survey and the tenement was surrendered.

The work program for Year Two comprised geophysical surveys which were not completed.