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Red Mountain Mining Limited (ASX:RMX)

ALERT: Price-sensitive ASX Announcement for RMX
Current share price for RMX : $0.010 -0.006 (-35.48%)+
Announcement
Release
9 Jun 2026 8:30AM
Price at Release
$0.016
Full Release
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Summary
Red Mountain Mining Limited has announced significant findings from their Pioneer Tungsten Project in Montana, USA, where outcropping garnet skarns have been identified at the Mammoth and Greenstone prospects. The project consists of three claim areas known for their potential in hosting tungsten mineralisation in limestone-hosted garnet skarns. A recent magnetic modelling study suggests the presence of shallow tungsten-bearing mineralisation beneath the surface. To confirm this, 24 rock chip samples have been sent for analysis, with results expected soon. The company plans further mapping and sampling, with the possibility of rapid advancement to drill testing depending on the outcomes of these analyses.
Key Points
  • Red Mountain Mining has identified outcropping garnet skarn at the Mammoth and Greenstone prospects within the Pioneer Tungsten Project in Montana, USA.
  • The Pioneer Tungsten Project comprises three claim areas: Greenstone, Mammoth, and Lost Creek, known for limestone-hosted garnet skarns containing Tungsten mineralisation.
  • 24 rock chip samples have been submitted for analysis to confirm Tungsten mineralisation.
  • Magnetic modelling study indicates potential for shallow limestone-hosted Tungsten-bearing garnet skarn mineralisation beneath outcropping quartzite.
  • Further reconnaissance mapping and surface sampling are planned, with potential for rapid drill testing, pending positive assay results.
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.