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Gold Mountain Limited (ASX:GMN)

ALERT: Price-sensitive ASX Announcement for GMN
Current share price for GMN : $0.076 -0.029 (-27.62%)+
Announcement
Release
15 Jun 2026 8:27AM
Price at Release
$0.105
Full Release
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Summary
Gold Mountain Limited (GMN) has reported additional discoveries of rare earth mineralisation at their Down Under site, which includes elements like Neodymium, Praseodymium, Dysprosium, and Terbium. These elements are essential for many high-tech applications. The discoveries were made through drilling and analysis, revealing several promising concentrations. The report includes detailed analyses from the current data release and highlights significant results from various drill holes. GMN plans to continue exploration and development to evaluate the site's potential further.
Key Points
  • Gold Mountain Limited (GMN) has identified additional rare earth mineralisation at their Down Under site.
  • The mineralisation includes elements such as Neodymium, Praseodymium, Dysprosium, and Terbium, which are crucial for various high-tech applications.
  • The mineralisation was discovered through extensive drilling and analysis, with several holes showing promising concentrations of these rare earth elements.
  • The report details the analyses from the current data release, highlighting significant findings from various drill holes.
  • The company plans to continue exploring and developing the site to further assess the potential of these rare earth deposits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.