Red Mountain Expands Exploration at Armidale and Kiabye Projects

About Red Mountain Mining Limited

Red Mountain Mining Limited (ASX: RMX) is an Australian exploration company focused on unlocking high-value mineral resources. Its flagship projects—the Armidale Antimony-Gold Project in New South Wales and the Kiabye Gold Project in Western Australia—leverage historical data and cutting-edge exploration techniques to target antimony and gold deposits. With a strategic focus on high-potential sites, RMX is positioning itself as a key player in the resource sector.

Unlocking Armidale’s Potential

Red Mountain Mining’s Armidale Antimony-Gold Project in New South Wales is a prime example of the untapped potential within historical mining regions. The project spans three key sites—Oaky Creek, East Hills, and Horsley Station—each with a rich history of antimony and gold extraction. At Oaky Creek, stibnite veins and trace gold have been identified within carbonate breccia and altered sandstone, part of the late Devonian Baldwin Formation. Historical shallow shafts and open pits further highlight the area’s high potential for residual mineralisation. East Hills, another critical site, features a stibnite-bearing reef parallel to the Cobadah and Peel Faults, a geological setting known for enhancing mineral deposition. Horsley Station, located 2.5 kilometres southeast of East Hills, includes a small open cut historically worked for gold, with a 3-metre-wide reef striking at 010° over 10 metres. These features make Armidale a highly prospective area for further exploration.

To capitalise on this potential, Red Mountain has planned an extensive sampling program, targeting over 1,300 rock chip and soil samples across the three sites. This initiative aims to validate historical data and identify new mineralised zones, particularly those associated with the Peel Fault, which has played a key role in the formation of the nearby Teatree and Bingara Goldfields. The company’s confidence in the project’s high residual potential is bolstered by the limited historical exploration in the area, suggesting significant undiscovered mineral wealth.

While Armidale remains a focal point, Red Mountain is also advancing its 100%-owned Kiabye Gold Project in Western Australia’s Yilgarn Craton. The project straddles the Kiabye Greenstone Belt, a region renowned for its gold deposits. In early March, the company commenced a high-resolution ground magnetics and pXRF assay program across a 10-square-kilometre area. This program focuses on the northern section of the Kiabye licence, divided into three key areas with distinct geological features.

The first area contains anomalous gold in soil samples and is intersected by two NNE-striking faults, with potential for both alluvial and insitu gold. The second area hosts numerous gold-rich soil samples, including one assayed at 96ppb Au and 2.6ppm Ag, and is cut by multiple faults, often associated with high-grade mineralisation. The third area, located to the west, features two zones with gold samples exceeding 20ppb Au and is marked by a major NNW to NS fault, forming the boundary between the Kiabye Greenstone Belt and granites. This fault is believed to extend north into the second area, creating a continuous zone of interest. The data from this program will define drill-ready targets, paving the way for future exploration and solidifying Kiabye’s position as a cornerstone of Red Mountain’s growth strategy.

Red Mountain’s exploration efforts align with surging global demand for antimony and gold. Antimony, a critical component in flame retardants and energy storage systems, is increasingly sought after, while gold remains a cornerstone of financial stability, with prices near record highs. By focusing on historically productive regions like Armidale and Kiabye, the company is minimising exploration risk while maximising the potential for high-impact discoveries.

The company’s proactive approach to land access and stakeholder engagement further underscores its commitment to rapid progress. Consultants have been engaged to conduct land ownership searches and facilitate direct engagement with landholders, ensuring exploration activities proceed without delay. This strategic focus on collaboration and efficiency positions Red Mountain as a forward-thinking player in the resource sector, ready to capitalise on emerging opportunities.

What’s Next for RMX?

As Red Mountain advances its exploration programs, the coming months will be pivotal. Successful identification of mineralised zones at Armidale and Kiabye could propel the company into the spotlight, attracting partnerships and investment. For now, RMX remains focused on delivering robust data and unlocking the full potential of its projects. With a clear strategy and a commitment to excellence, Red Mountain is poised to make significant strides in the resource sector, capturing the attention of investors and industry stakeholders alike.