Red Mountain Mining
Red Mountain Mining (ASX: RMX) is rapidly progressing its cobalt ambitions at the Mukabe-Kasari Cobalt-Copper Project in the Democratic Republic of Congo (DRC).
The DRC, and in particular the prolific Central African Copper belt, is the world’s largest supplier of cobalt.
The project comprising artisanal licenses over approximately 116 square kilometres, offers significant potential and has artisanal mining that has already demonstrated mineralisation at the location.
RMX has now completed its due diligence on the project, secured funding, and designed an exploration programme, readying it to commence a systematic exploration programme.
The upside for RMX is that no previous systematic exploration has been conducted in the project area, meaning this could be an open book for the company.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
RMX is well funded following the successful completion of a $735,000 capital raising, and with its exploration programme planned, it is looking forward to commencing Phase 1 exploration activities at the Mokabe-Kasari Cobalt Copper project by the end of September.
The company is also keeping an eye out for complementary assets for acquisition as it continues to review new opportunities in the new energy metals, base metals and gold sector.
Our Past Commentary on Red Mountain Mining
|Article||28-Oct-2020||RMX Ready to Start Drilling High Grade Gold Project - Days Away|
Most recent catalysts for Red Mountain Mining
Jonathan Jackson 28/10/2020
RMX Ready to Start Drilling High Grade Gold Project - Days Away
Red Mountain Mining (ASX: RMX) will commence drilling at its Mt Maitland High Grade Gold Project in the first week of November 2020, just a few days from now.