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Red Mountain Mining Limited (ASX:RMX)

ALERT: Price-sensitive ASX Announcement for RMX
Current share price for RMX : $0.011 0.001 (10%)+
Announcement
Release
29 Jul 2026 8:24AM
Price at Release
$0.010
Full Release
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Summary
Red Mountain Mining Limited has initiated a systematic exploration program at their Pioneer Tungsten Project in Montana, USA, focusing on defining drill targets through rock chip sampling at the Greenstone and Lost Creek claims. Initial results support the presence of tungsten mineralisation, comparable to the nearby Gentung Tungsten Deposit. Concurrently, preparations for drilling at the Armidale Antimony-Gold Project in NSW, Australia, are underway, marking a significant phase in the company's exploration strategy.
Key Points
  • Red Mountain Mining Ltd (ASX: RMX) has commenced systematic rock chip sampling at their 100% owned Pioneer Tungsten Project in Montana, USA.
  • The focus is on the Greenstone and Lost Creek claims, part of the Pioneer Tungsten Project, which also includes the Mammoth claims.
  • Initial reconnaissance sampling returned up to 0.32% WO3 from Greenstone and 0.29% WO3 from Mammoth, confirming tungsten mineralisation.
  • The geology of the project allows for rapid progression to drill testing pending positive analytical results.
  • The Pioneer Tungsten Project lies adjacent to the Gentung Tungsten Deposit, purchased by Almonty Industries in 2025.
  • The Pioneer Project geology includes garnet skarn mineralisation, with historical workings from the 1950s and 1970s.
  • Drilling for Red Mountain's Armidale Antimony-Gold Project in NSW, Australia, was set to begin in early August 2026.
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.