InvestSMART

Gold Mountain Limited (ASX:GMN)

ALERT: Price-sensitive ASX Announcement for GMN
Current share price for GMN : $0.072 -0.004 (-5.26%)+
Announcement
Release
20 Jul 2026 8:24AM
Price at Release
$0.076
Full Release
download
Summary
Gold Mountain Limited (GMN) has reported strong metallurgical test results from their Capivara project. These results have highlighted significant potential for rare earth element (REE) extraction, with high-grade intersections of total rare earth oxides (TREO) and valuable heavy rare earth oxides (HREO). The tests indicate that the REE mineralization is consistent and can be extracted efficiently, which enhances the project's overall economic viability. The report underscores the potential of Capivara to contribute significantly to the global supply of critical rare earth elements.
Key Points
  • Strong metallurgical results from Capivara project.
  • High-grade intersections of total rare earth oxides (TREO).
  • Consistent REE mineralization identified.
  • Efficient extraction potential for rare earth elements.
  • Capivara project enhances economic viability for GMN.
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.