Red Mountain Mining's recent acquisition of gold licences

Red Mountain Mining Limited (ASX: $RMX) has acquired four exploration licences covering 111km2 in the underexplored Kiabye Greenstone Belt in the Yilgarn's Murchison Domain southeast of Mount Magnet. The historical prospecting indicates strong potential for gold exploration, complementing RMX's Ontario gold project. The recent successful capital raising will support the initial exploration program at Kiabye.

Executive Commentary on Kiabye Project

The Kiabye Project presents an exciting opportunity for Red Mountain Mining to expand its gold exploration portfolio. The historical prospecting results and the underexplored nature of the Kiabye Greenstone Belt indicate significant potential for gold discovery. We are confident that the recent acquisition, combined with the successful capital raising, will enable us to conduct a comprehensive exploration program and unlock the value of this prospective area.

Summary of Red Mountain Mining's Acquisition

Red Mountain Mining (ASX: $RMX) has acquired four exploration licences covering 111km2 in the underexplored Kiabye Greenstone Belt, demonstrating the company's commitment to expanding its gold exploration portfolio. The historical prospecting results indicate strong potential for gold exploration, and the recent successful capital raising provides the necessary funding for the initial exploration program at Kiabye. The company's focus on critical minerals including gold, lithium, rare earth, and base metal projects across Canada, USA, and Australia positions it well for future growth and development. The Kiabye Project represents an important step in RMX's corporate strategy to identify and develop high-potential mineral assets.