Red Dirt Metals Limited (ASX:RDT) - Mt Ida - A Lithium and Gold Mine.

Rooster Talk Episode 61 is with Matthew Boyes, Managing Director of Red Dirt Metals Limited (ASX: RDT).

 

The Mt Ida project is fast becoming a double bonus for Red Dirt Metals as exploration is unveiling the gold credits.

 

When we were first introduced to the Mt. Ida project (Red Dirt Metals Limited (ASX:RDT) - A Lithium Gem within a Gold Mine.) in April 2022, we were just trying to understand the lithium potential. As the market was having a lithium boom, it would be foolish to not discuss what is the flavour of the last two years.

 

As we were talking through that Coffee with Samso with Matt Boyes, I was really interested with the gold potential. The Mt Ida story is very similar to what had occurred at Mt. Holland a few years ago. For those that have not heard the story, Mt Holland was all about the discovery of a lithium bonanza because of a phone call. Mt. Holland was a legitimate gold mining project but was later found to be a greater lithium project.

 

When you hear Matt talk about the lithium prospectivity in Mt. Ida, you can hear the frustration of not being able to rush into the gold project. The potential is yet to be finalised. In saying that, you can also feel the frustration of not being able to unwrapped the potential of the lithium prospectivity.

 

The fact that there is still a large package of landholding that the company has not explored is definitely high on the list of things to do.

 

Matt is definite that there will be a resource coming out for the lithium and in time, there will be a gold resource to be released as well. When that will be is the magic question.

 

 

Chapters:

 

00:00 Start.

00:20 Introduction.

01:07 Matthew updates.

02:38 Relationship between Gold and Lithium?

03:56 Mineralisation of Lithium and Gold

06:41 Announcement key points for investors.

08:18 Understanding the geology from the announcement.

10:35 Future plans for the project.

11:59 Lithium market discussion.

15:24 Updates on covering the entire tenement package?

16:57 Potential focus on Gold?

19:49 Exploration potential

21:32 Matthew summarises the news flow.

22:54 Conclusions