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Red Mountain Mining Ltd ( (AU:RMX) ) has issued an update.
Red Mountain Mining Ltd has identified promising antimony and gold targets at its Armidale Antimony-Gold Project in New South Wales, Australia. The company has planned a comprehensive sampling program covering three tenements, with over 1,300 samples to be collected. This initiative follows the acquisition of a six-year exploration license for a 391 km² area in the Southern New England Orogen, known for its antimony deposits. By focusing on both antimony and gold occurrences, RMX aims to uncover untapped potential in areas with historical mining activities but limited recent exploration, potentially enhancing its market position in the mineral exploration industry.
More about Red Mountain Mining Ltd
Red Mountain Mining Ltd is an Australia and Canada based explorer specializing in gold and battery metals. The company focuses on identifying and developing prospective mining sites, particularly in regions with historical mining activities.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.25M
For a thorough assessment of RMX stock, go to TipRanks’ Stock Analysis page.
