Red Mountain launches next moves at Monjebup

Red Mountain Mining (ASX:RMX) has begun a detailed grid clay sampling program at its Monjebup Rare Earths Project in Western Australia. 

The $6.68 million market capitalisation company says this second phase sampling program is anticipated to generate rare earth element (REE) bearing clay targets around the anomalous orthogneisses with enriched REE. 

At each site, a hand auger will be used to access the clays at depths of more than 0.4m and up to 1 kilogram of clay collected. The 4 sites include Stockwell Road, Chillinup Road, Dump Road, and Dump Road extension. 

Red Mountain says this program will support generating targets for follow-up aircore drilling. The drill plan will be formulated once the assay results have been received and analysed. 

This news comes after Red Mountain completed an initial phase of due diligence and infill sampling which revealed source rocks with more than 1,000 parts per million total rare earth oxide in 4 specific zones, as well as confirmed anomalous REE within soils in 3 locations. 

Red Mountain Mining is a mineral explorer and developer focused on its portfolio of critical minerals including lithium, rare earths, and gold in the US and Australia. 

As of 31 December 2023, the company had $665,000 cash and cash equivalents at hand, according to its latest quarterly report.

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Images: Red Mountain Mining
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.