Red Mountain Mining (ASX:RMX) announced a breakthrough at its 100% owned Armidale Antimony-Gold Project in New South Wales, defining five high-priority drill targets following a series of "exceptional" assay results.
The systematic exploration program has delineated a large-scale orogenic antimony-gold vein system with a surface strike extent of approximately 3km.
The latest auger soil results have returned particularly high values near historical workings at Oaky Creek South, with samples peaking at 1.16% Sb (antimony) and 612ppm As (arsenic).
Additionally, infill and extensional sampling at the Oaky Creek South Main grid revealed a 30m-wide Antimony-Arsenic anomaly that remains open to the northeast, while northern prospects showed strong anomalies near mapped quartz-carbonate stibnite veins.
With preparations for a drilling campaign at Oaky Creek now being finalised, the company is entering a high-catalyst period.
Metallurgical test results are expected in April, alongside further assay results from the Thompson Falls Project in the United States. Antimony’s status as a critical defence mineral—essential for ammunition, weapon systems, and flame-retardant materials—continues to bolster prices.
At the time of reporting, Red Mountain Mining's share price was $0.020.