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Red Mountain Mining Ltd ( (AU:RMX) ) just unveiled an update.
Red Mountain Mining Ltd has announced promising high-grade antimony results from its recent soil sampling at the Oaky Creek prospect, part of its Armidale Antimony-Gold Project. The results, which include a peak antimony value of 1,200 ppm, suggest the potential for a significant antimony-gold mineralization system. The company plans to initiate an exploration program in December to define drill targets, indicating a strategic move to enhance its positioning in the antimony-gold sector. This development aligns with Red Mountain’s exploration model and could have implications for stakeholders, given the project’s similarities to the Hillgrove deposit, Australia’s largest antimony-gold deposit.
More about Red Mountain Mining Ltd
Red Mountain Mining Limited is a Critical Minerals exploration and development company with a portfolio in Tier-1 Mining Districts in the United States and Australia. The company focuses on the exploration of antimony and gold, particularly in the New England Orogen of New South Wales.
YTD Price Performance: 190.0%
Average Trading Volume: 30,368,265
Technical Sentiment Signal: Sell
Current Market Cap: A$25.12M
For detailed information about RMX stock, go to TipRanks’ Stock Analysis page.