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Red Mountain Mining Ltd ( (AU:RMX) ) has issued an announcement.
Red Mountain Mining Ltd has confirmed the presence of the antimony mineral Stibnite at its Armidale Antimony-Gold Project in New South Wales. The company identified multiple stibnite vein systems at Oaky Creek North and South, with an inferred strike length of over 1km at Oaky Creek North. This discovery positions Red Mountain Mining to further explore underexplored zones within the 392 km² Armidale Project, potentially enhancing its market positioning in the antimony sector.
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 engaged in exploration activities within Australia’s premier Antimony Province.
Average Trading Volume: 19,006
Technical Sentiment Signal: Sell
Current Market Cap: A$3.95M
Learn more about RMX stock on TipRanks’ Stock Analysis page.