Red Mountain Defines Multiple High-Priority Antimony Drill Targets at Armidale

An update from Red Mountain Mining Ltd ( (AU:RMX) ) is now available.

Red Mountain Mining has reported final auger soil assay results from its 100%-owned Armidale Antimony-Gold Project in New South Wales, defining five high-priority orogenic antimony drill targets at the Oaky Creek prospect. The program has outlined a large-scale antimony-gold vein system extending roughly 3km at surface, with particularly strong anomalies at Oaky Creek South and North associated with quartz-carbonate-stibnite veins.

The latest campaign more than tripled auger soil coverage to about 1,330 samples and delivered exceptionally high antimony values, including soil assays up to 1.16% Sb at Oaky Creek South and 3,011ppm Sb at Oaky Creek North, alongside significant arsenic anomalies. These results have produced multiple drill-ready targets, with drilling preparations at Oaky Creek underway for next quarter and additional metallurgical test and assay results from both Oaky Creek and the Thompson Falls Antimony Project in the U.S. expected in April, reinforcing the company’s exposure to a tightly supplied critical mineral market.

The most recent analyst rating on (AU:RMX) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Red Mountain Mining Ltd stock, see the AU:RMX Stock Forecast page.

More about Red Mountain Mining Ltd

Red Mountain Mining Ltd is a critical minerals exploration and development company focused on antimony and gold projects in Tier-1 mining districts in Australia and the United States. The company targets strategic antimony supply, a mineral designated critical for defence applications and flame-retardant materials, positioning itself to benefit from Western efforts to secure secure, independent supply chains.

YTD Price Performance: -24.00%

Average Trading Volume: 4,992,988

Technical Sentiment Signal: Sell

Current Market Cap: A$18.05M

Learn more about RMX stock on TipRanks’ Stock Analysis page.