Red Mountain Mining Limited (RMX:ASX)
1.3¢ 0.001 (8.33%)
Red Mountain Mining Ltd is an Australia-based company focused on base metals, new energy metals and gold exploration. The Company’s projects include Mukabe-Kasari Cobalt-Copper Project, Batangas Gold Project and Mt Maitland Gold Project. The Mukabe-Kasari Cobalt-Copper Project is considered prospective for copper-cobalt and is located in the copper-cobalt producing region of Kolwesi, Democratic Republic of the Congo (DRC). It owns 1% net smelter return (NSR) production royalty on the Philippines based Batangas Gold project. Located in the prolific Murchison Goldfields, the Mt Maitland Gold Project comprises approximately 62 square kilometer (km) parcel of tenure. It contains two, distinct north-south mineralised shear zones over a length of approximately 19km within an Archean greenstone belt.