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Red Mountain Mining Ltd ( (AU:RMX) ) has issued an update.
Red Mountain Mining Ltd has announced significant findings from its exploration activities at the Oaky Creek prospect in New South Wales, with rock chip samples revealing high antimony grades of up to 39.3%. These results underscore the potential of the Oaky Creek area to host a major antimony-gold camp, with further analytical results and assay outcomes expected soon. The company is well-positioned to continue its aggressive exploration strategy following a successful funding round, which will support ongoing efforts in both Australia and North America.
More about Red Mountain Mining Ltd
Red Mountain Mining Ltd is a company engaged in the exploration and development of antimony and gold assets, with a focus on projects in Australia and North America. The company is actively pursuing exploration activities to enhance its portfolio of critical metals assets.
YTD Price Performance: 250.0%
Average Trading Volume: 41,622,155
Technical Sentiment Signal: Sell
Current Market Cap: A$23.08M
Find detailed analytics on RMX stock on TipRanks’ Stock Analysis page.