Overview of Red Mountain Mining's recent activities

Red Mountain Mining Limited (ASX:RMX) has successfully completed an initial phase of rock chip and soil sampling at the Kiabye Gold Project. The project covers the central portion of the Kiabye Greenstone Belt in the Yilgarn's Murchison Domain, southeast of Mount Magnet. A total of 658 soil and 44 rock chip samples were collected and have been lodged at Intertek Laboratories for analysis. The assay results are expected in early October, with follow-up drilling planned pending these results.

Executive commentary on the sampling completion

Red Mountain's ground inspection at historical RAB hole N15 observed that no follow-up, drilling or trenching was evident at the original site. The sampling areas included Kiabye South, where historical shallow drill site N15 reported promising results. The company has lodged all samples with Intertek Laboratories for analysis, and the expected turnaround time for the assay results is 2 to 3 weeks. Red Mountain plans to use the database of historical work as the basis for the exploration program, which will include infill soil sampling and drilling the unexplained soil and rock samples to deeper intervals.

Summary of the Kiabye Gold Project sampling and future plans

Red Mountain Mining (ASX:RMX) has completed the rock chip and soil sampling phase at the Kiabye Gold Project, targeting historical gold sites and geophysical anomalies. The company expects assay results in early October and plans to conduct follow-up drilling based on these results. The project covers a strike length of 23km2 of the greenstone belt, with recent VTEM and aeromagnetic data covering the entire tenement package. Red Mountain aims to utilize the historical work database for further exploration, including infill soil sampling and drilling of unexplained soil and rock samples to deeper intervals. The company's portfolio includes gold, lithium, rare earth, and base metal projects in Canada, Australia, and the USA, with a focus on progressing its Fry Lake project in Ontario, Canada, and the Kiabye Gold Project in Western Australia.