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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an update.
Red Mountain Mining Ltd has announced the results of gold assays from 102 rock chip samples at the Oaky Creek Antimony prospect, revealing values up to 0.54g/t Au. The company plans an extensive trenching program to explore three antimony soil geochemical anomalies, aiming to identify targets for further drill testing. Additionally, RMX will conduct a major soil sampling program at the East Hills and Horsley Station prospects, fully funded by recent strategic investments. These initiatives are expected to enhance RMX’s exploration capabilities and potentially uncover significant mineral resources, strengthening its position in the mining industry.
More about Red Mountain Mining Ltd
Red Mountain Mining Ltd is an Australia and Canada based explorer focusing on gold and battery metals. The company is involved in the exploration of these resources, with a particular emphasis on projects that have potential for significant mineral deposits.
YTD Price Performance: -10.0%
Average Trading Volume: 8,221,916
Technical Sentiment Signal: Sell
Current Market Cap: A$4.18M
For a thorough assessment of RMX stock, go to TipRanks’ Stock Analysis page.