Announcement Date: 2022-10-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Red Mountain Mining Ltd.
Project name: Mt Mansbridge
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 4m at 0.496% REO from 88m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Red Mountain Mining Limited (RMX, the Company) (ASX:RMX) is pleased to provide an update for its Mt Mansbridge Project located in the Eastern Kimberley region of Western Australia. Assay results from drilling undertaken at the Mt Mansbridge project have recently been received from the laboratory with additional Heavy Rare Earth Element enrichment confirmed in follow up drilling at the Solo Prospect. The average ratio of HREO to TREO for the drilling at the Solo Prospect is 60.7%. Drilling has confirmed the presence of rare earths and in particular the large distribution of Yttrium and the dominance of heavy rare earth elements dysprosium (6.98%) and terbium (1.0%) in drill hole MMRC007. No significant results were present in drill holes MMRC008 or MMRC009. Petrological studies confirmed that key rare earth element minerals Xenotime and Florencite were present1 . This follows drilling in 20212 which intersected (5m 51-56m) from drillhole MMRC002 including
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