Red Mountain Mining Limited (ASX: RMX) acquired four exploration licenses in the Yilgarn Murchison Domain southeast of Mount Magnet. These licenses cover 111 kilometers of the Kiabye Greenstone Belt, an underexplored gold belt next to the Narndee Igneous Complex. Historical prospecting has indicated significant potential for gold exploration in this area.
The Kiabye Project will complement RMX's Ontario gold project, strengthening its portfolio. The company's recent successful capital raising will allow it to launch an effective exploration program at Kiaybe and capitalize on its potential.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
