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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an announcement.
Red Mountain Mining Ltd has identified new high priority gold targets at its Kiabye Gold Project in Western Australia following a successful ground magnetics survey. The survey uncovered two significant magnetic anomalies in previously unsampled areas, suggesting potential sources of historical alluvial gold. The company plans to drill test these features, aiming for a near-surface gold discovery, which could enhance its position in the gold exploration industry.
More about Red Mountain Mining Ltd
Red Mountain Mining Ltd is an Australia and Canada-based company specializing in the exploration of gold and battery metals.
Average Trading Volume: 13,000
Technical Sentiment Signal: Buy
Current Market Cap: €2.09M
Learn more about RMX stock on TipRanks’ Stock Analysis page.