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Red Mountain Mining Limited (ASX:RMX)

ALERT: Price-sensitive ASX Announcement for RMX
Current share price for RMX : $0.010 -0.001 (-9.09%)+
Announcement
Release
1 Jul 2026 8:15AM
Price at Release
$0.011
Full Release
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Summary
Red Mountain Mining Limited has reported significant tungsten mineralisation at its Pioneer Tungsten Project in Montana. Analytical results from 30 rock chip samples show strongly anomalous tungsten values, with a third of samples containing over 500ppm WO3, and maximum values reaching 3,159ppm for a garnet skarn float sample from the Greenstone claim area. The results are comparable to nearby deposits and confirm the presence of mineralisation that warrants further exploration, including systematic sampling and potential drill testing. The project consists of three claim areas positioned along the eastern margin of the Mount Torrey Batholith, neighboring claims purchased by Almonty Industries. Further sampling is planned for mid-July, with rapid progression to drilling contingent upon positive results.
Key Points
  • Analytical results indicate strong tungsten mineralisation.
  • Highest tungsten values recorded at 3,159ppm WO3.
  • Comparison to nearby Gentung Tungsten deposit.
  • Further systematic sampling and potential drilling planned.
  • Pioneer Tungsten Project includes three claim areas.
  • Project positioned along the Mount Torrey Batholith.
  • Red Mountain's claims adjacent to Almonty Industries' holdings.
  • Exploration to define mineralisation extent and continuity.
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.