Red Mountain Unveils High-Grade Antimony and Gold Results at Thompson Falls

Red Mountain Mining Ltd ( (AU:RMX) ) has issued an update.

Red Mountain Mining has reported outstanding new assay results from the historical Eastern Star silver-lead mine within its Thompson Falls Antimony Project on the Montana-Idaho border, highlighting consistently high-grade antimony and anomalous gold. Average grades from the sampling program reached 8.7% antimony and 0.37 g/t gold, with individual samples returning up to 36.5% antimony and 1.12 g/t gold, and a spot pXRF reading of 47.3% antimony on a visually estimated 45% stibnite rock sample.

The company plans a comprehensive surface mapping and sampling program to accelerate definition of the project’s resource potential and has strengthened its U.S. technical team with drill-permitting expertise to advance approvals across its critical minerals portfolio. These steps, alongside pending assay results from its Armidale Antimony-Gold Project, underscore Red Mountain’s strategy to build a significant position in antimony, a critical mineral, in proximity to existing U.S. processing infrastructure.

The most recent analyst rating on (AU:RMX) stock is a Hold 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 is a critical minerals exploration and development company with a portfolio of assets in tier-one mining districts in the United States and Australia. The company is focused on antimony and gold, with its Thompson Falls Antimony Project in Montana-Idaho positioned near the only operating antimony smelter in the United States, owned by United States Antimony Corporation.

Average Trading Volume: 6,163,445

Technical Sentiment Signal: Sell

Current Market Cap: A$23.75M

For detailed information about RMX stock, go to TipRanks’ Stock Analysis page.