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Red Mountain Mining Ltd ( (AU:RMX) ) has shared an update.
Red Mountain Mining has reported spectacular high-grade antimony rock chip results from its Oaky Creek prospect within the Armidale antimony-gold project in New South Wales, with assays returning up to 34.3% Sb and 11 out of 13 samples from the Oaky Creek North soil anomaly exceeding 1.9% Sb. The strongly mineralised samples define a 1.6km NNW-trending strike at surface, indicating potential for a large-scale orogenic antimony-gold vein system analogous to Larvotto Resources’ Hillgrove project, and the company expects pending auger assay results and further fieldwork, including a planned high-resolution airborne magnetic-radiometric survey, to generate multiple drill targets at Oaky Creek in 2026, supported by the Australian Government’s designation of antimony as a priority critical mineral.
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 (ASX: RMX; US OTCQB: RMXFF) is a critical minerals exploration and development company with a growing portfolio of projects in Tier-1 mining districts in the United States and Australia, including its 100%-owned Armidale antimony-gold project in northeast New South Wales.
YTD Price Performance: 4.00%
Average Trading Volume: 14,820,918
Technical Sentiment Signal: Sell
Current Market Cap: A$24.47M
For a thorough assessment of RMX stock, go to TipRanks’ Stock Analysis page.