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Red Mountain Mining Limited (ASX:RMX)

ALERT: Price-sensitive ASX Announcement for RMX
Current share price for RMX : $0.011 0 (0%)+
Announcement
Release
9 Jul 2026 8:41AM
Price at Release
$0.011
Full Release
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Summary
Red Mountain Mining Limited has announced the expansion of its Armidale Antimony-Gold Project with a comprehensive drilling program set to commence in July 2026. The Oaky Creek prospect, a key target within the project, will undergo testing through up to 32 reverse circulation drillholes. The program is designed to evaluate the potential for a large-scale orogenic antimony-gold vein system in Australia's leading antimony province. With anticipated completion in August and results expected shortly thereafter, the company aims to uncover significant mineralization at depth and along strike, supported by detailed surface geochemical data and flexible location adjustments during drilling.
Key Points
  • Red Mountain Mining Limited plans a significant drilling program at Oaky Creek, part of the Armidale Antimony-Gold Project.
  • The drilling program will consist of up to 32 reverse circulation drillholes, testing key targets defined by surface geochemical sampling.
  • Oaky Creek is considered a promising antimony-gold vein system with potential large-scale mineralization.
  • Initial drill results are expected to be received within the current quarter, following completion by August.
  • The project lies within Australia's premier antimony province in the Southern New England Orogen of New South Wales.
  • Flexibility is provided in the drilling program to adjust drill locations based on initial findings.
  • The project aims to explore and potentially extend known mineralization at depth and along strike.
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.