Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Red Mountain Mining (RMX) mobilises a reverse circulation drill rig to begin the phase two drilling campaign at its Mt Mansbridge project in Western Australia
  • In addition to the rig, a five-member crew also arrives on site, with all personnel and logistics now confirmed to commence drilling
  • Last month, the company reaffirmed battery mineral targets at the Déjà vu, Solo and Cow Creek prospects during a field reconnaissance trip
  • It has also completed all heritage surveys and earthworks to ensure efficient land access
  • Shares in the company last traded at 0.6 cents each

Red Mountain Mining (RMX) has mobilised a reverse circulation drill rig to begin the phase two drilling campaign at its Mt Mansbridge project in Western Australia.

The project is situated in the Kimberly region of WA and is prospective for heavy rare earth elements and nickel cobalt mineralisation.

In addition to the rig, a five-member crew also arrived on site, with all personnel and logistics now confirmed to commence drilling.

Last month, the company reaffirmed its batter mineral targets at the Déjà vu, Solo and Cow Creek prospects during a field reconnaissance trip.

It has also completed all heritage surveys and earthworks to ensure efficient land access.

Non-Executive Chairman Troy Flannery said the company is excited to explore the project area.

“Now with access re-established, drill rig and field crew onsite, the company is excited to get on the ground and drill its battery mineral targets and further evaluate the prospectivity of Mt Mansbridge,” he said.

Shares in the company last traded at 0.6 cents each.

RMX by the numbers
More From The Market Herald
The Market Herald Video

" Woomera Mining (ASX:WML) appoints Jason Livingstone as new Managing Director

Mineral explorer Woomera Mining (ASX:WML) has appointed Jason Livingstone as its new Managing Director, effective from…
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Baby Bunting (ASX:BBN) - Chair and Non Executive Director, Melanie Wilson

" Baby Bunting (ASX:BBN) surpasses $500m sales for the first time

Baby goods retailer Baby Bunting (ASX:BBN) surpasses half a billion dollars in sales for the first…