Gold Mountain reported findings from initial assays and geophysical surveys conducted in its Down Under Project area.

The company's exploration activities have revealed extensive rare earth element anomalies covering approximately 80km2. Over 260 stream sediment samples and 85km of detailed geophysical radiometric traversing have been completed.

The sediment sample assays compare favourably with known mineralised areas, confirming the presence of REE, niobium, uranium, and scandium mineralisation.

Five immediate drilling targets have been identified, with an auger drill rig expected to arrive and commence drilling in the month.