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Red Mountain Mining (ASX:RMX) is lining up as many as five high-priority antimony drill targets at the Oaky Creek prospect at its Armidale Project after landing exceptional assay results of up to 1.16% antimony from comprehensive auger soil sampling, which had delineated a large-scale vein system.
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Disclaimer: This article is disseminated in partnership with Red Mountain Mining Ltd. It is intended to inform investors and should not be taken as financial advice.
The company’s systematic exploration program involved as many as 900 additional auger soil samples, tripling previous Oaky Creek coverage.
Results from the prospect’s southern area included multiple hits exceeding 500ppm antimony, with peak values reaching 1.16% antimony and 612ppm arsenic. “These antimony values are exceptionally high soil sample assays,” the company wrote, “[and will] strengthen and support prior results.”
On that front, these March samples support CY25 sampling run by the Oz explorer in the same area (which had returned up to 1.36% Sb).
The explorer also spotted sampling extending a coherent, northeast-trending anomaly to a 300-metre strike extent at the South Main Grid. This remains open to the northeast, with recent results yielding up to 356ppm Sb.
“This comprehensive program has successfully produced multiple ‘drill-ready’ targets for Red Mountain,” the company lauded in an update today.
Red Mountain will now move to start drilling as soon as possible, with these “priority” Oaky Creek targets among top billing. Several near-term tech updates should roll out soon, the company told shareholders today.
These will include metallurgical tests for Oaky Creek in April, and further results from the Thompson Falls Antimony Project in the U.S. around the same time.
On timing, the Perth-headquartered company pointed out that “antimony prices remain well supported by the classification as a critical defence mineral with direct applications in ammunition, weapons systems, alloys and flame-retardant materials, underpinning strong long-term demand and increasing efforts by Western nations to secure reliable and independent supply chains.”
RMX has opened up +5.3% on Monday morning.
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