OFLC has rated "Project Red" for EA, classifying it with an MA 15+ label. If the classification is related to "Project RedLime," it would likely be the rating for the alleged Syndicate game in production by Starbreeze Studios and EA. Of course, without the direct RedLime connection, this could be a rating for ... well, anything.
Also, if you find it strange (like we do) that the OFLC is rating games by using code names, this is just the most recent example. Last year, The Beatles: Rock Band was titled Rock Band Project 9. EA has apparently figured out how to get its paperwork into the OFLC without accidentally revealing a forthcoming game announcement.
Update: AustralianGamer got hold of the documents. It's Bulletstorm.