We are Red Mountain Mining.

Red Mountain Mining (ASX: RMX) is a new energy metals, base metals & gold explorer  as well as a project acquisition and development company. Incorporated in Australia in May 2006, and listed on the ASX in September 2011, the Company is headquartered in West Perth, Western Australia. On 1st July, 2016, a new Board of Directors was formed and subsequently the Company switched its core focus toward new energy metals.

Working hard to enhance shareholder value.

Red Mountain Mining has established a project template and resource criteria for evaluating advanced exploration projects. Any project acquired is anticipated to add immediate shareholder value before applying modern exploration and/or mining knowhow to the project.

Jeremy King
NON-Executive Director

Jeremy King is a corporate advisor with over 15 years’ experience in domestic and international legal, financial and corporate matters. He spent several years in London where he worked with Allen & Overy LLP and Debevoise & Plimpton LLP and has extensive corporate experience, particularly in relation to cross-border private equity, leveraged buy-out acquisitions and acting for banks, financial institutions and corporate issuers in respect of various debt and equity capital raisings.

Mr King regularly advises ASX listed companies on a range of corporate matters and currently serves as non-executive director of DTI Group Limited (ASX: DTI), Smart Parking Limited (ASX: SPZ), Transcendence Technologies Limited (ASX: TTL) and EHR Resources (ASX:  EHX)

ROBERT PARTON
Non-Executive Director

Commencing in 1987, Robert spent 20 years providing business analysis and management at companies including BHP, Crane Group, Kraft Foods, Mitre 10 and PDL Electronics (part of the Schneider Electric Group).  Since 2006, Robert has been providing corporate advisory services utilising his extensive experience in business management, project evaluation and capital raising across various sectors including cleantech, IT, real estate and manufacturing.  He has been involved in transaction management from sourcing, analysis and due diligence evaluation through to settlement and is a qualified accountant with over 20 years membership with CPA Australia.

Robert has previously served on the board of ASX-listed companies Basper Limited (now Direct Money Limited), Telesso Technologies Limited, Motopia Limited and Viculus Limited.

 

LINCOLN HO
Non-Executive Director

Lincoln has almost a decade of experience in equities trading, with a strong focus in corporate restructuring, due diligence, mergers & acquisitions in the emerging companies sector.  Further, he holds specific investor relations experience in Asia, having liaised with high net-worth investors based in Singapore and China.

Lincoln also acts as non-executive director to Pure Minerals Limited, an ASX listed company with a strong focus on the battery minerals space.  He was recently appointed as Non-Executive Director to the Pioneer Development Fund (Aust) Limited, a unique fund under a program designed and implemented by the Australian Government to facilitate the supply of equity capital to Australia’s Small to Medium Enterprises.

 

Mauro Piccini
company secretary 

Mauro is a Chartered Accountant (CA) and a member of the Governance Institute of Australia (GIA). He specialises in corporate advisory, company secretarial and financial management services. Mauro spent 7 years at the ASX and possesses core competencies in publicly listed and unlisted company secretarial, administration and governance disciplines. Mauro started his career in the Perth office of Ernst and Young (EY) where he spent several years in their assurance division.

 
  • The Board is reviewing new opportunities that may enhance shareholder wealth.

  • Discussions are advancing to determine to best possible outcome of a potential transaction.

 


Current Projects


MUKABE-KASARI COBALT-COPPER PROJECT

The Mukabe-Kasari Cobalt-Copper project area is a greenfields and conceptual exploration play with encouraging initial indications of mineralisation situated in a world class mineral province. The property is located approximately 250 km northwest of Lubumbashi, and about 70 km north of the giant Tenke Fungerume Copper-Cobalt mine. It comprises 17 artisanal licenses covering approximately 130 km squared. 

Figure 1: Mukabe-Kasari property location map and extent of surface geochemistry and RAB drilling completed in the 2017 exploration programme (refer announcement 20 January 2018 for results and additional detail).

Figure 1: Mukabe-Kasari property location map and extent of surface geochemistry and RAB drilling completed in the 2017 exploration programme (refer announcement 20 January 2018 for results and additional detail).

The Mukabe-Kasari Cobalt-Copper project was considered prospective because of its multiple showings of copper mineralisation and its proximity to major mining localities. The area occupies the slopes of the Katanga Plateau (Figure 1 and Figure 2). The bed rock consists of sedimentary strata of the Upper Nguba and Lower Kundelungu Formations which are gently folded in the project area and consist of siltstones, sandstones and calcareous siltstones (Figure 2). 

Secondary copper-cobalt mineralisation (malachite, azurite, chalcocite), occurring as layer-parallel horizons of disseminated secondary (malachite and azurite) and transitional copper (chalcocite, bornite) mineralisation. During the 2017 exploration program copper mineralisation as described above was mapped at several locations in the project area.

Figure 2: 3D diagrammatic illustration of the geological setting, results of 2017 sampling and target areas for soil sampling extensions. Based on reconnaissance work, the Mukabe- Kasari area is prospective for stratiform copper mineralisation. The diagram represents a 3D view the project area and shows gentle folded strata of the Nguba / Kundelungu Formations that host seams of stratiform copper mineralisation. Contours of anomalous geochemical copper samples are shown as coloured outlines (refer announcement 20 January 2018 for details). (Vertical exaggeration 1:10).

Figure 2: 3D diagrammatic illustration of the geological setting, results of 2017 sampling and target areas for soil sampling extensions. Based on reconnaissance work, the Mukabe- Kasari area is prospective for stratiform copper mineralisation. The diagram represents a 3D view the project area and shows gentle folded strata of the Nguba / Kundelungu Formations that host seams of stratiform copper mineralisation. Contours of anomalous geochemical copper samples are shown as coloured outlines (refer announcement 20 January 2018 for details). (Vertical exaggeration 1:10).

Review of the geochemical results and geological observations strongly suggest that the copper mineralisation occurs as laterally extensive horizons, which may possibly extend for several kilometres along strike if individual occurrences at a similar elevation are connected. 

The topography of the project area rises to the northwest (Figure 2), suggesting that anomalies at different elevation in an area of sub-horizontal layering may be related to different stratigraphic layers, indicating there could be multiple layers hosting mineralisation. The spacing, thickness and tenor of these different layers needs to be tested to confirm this hypothesis. The Company is currently planning a soil and rock chip sampling program in line with previous work program protocols to infill the area between the previous sampling areas to determine continuity of the anomalous horizons and to help constrain the selection of locations for trenching (Figure 2). 

Should the soil sampling and trenching confirm the presence of discrete mineralised horizons drilling will be required to establish the thickness and lateral extent of any mineralisation, with results of trenching to be used to site RC (reverse circulation) drilling. 

The Company’s Mukabi-Kasari project remains a conceptual exploration play until a drilling programme is implemented. However, given the recent discoveries on the “fringe” of the Copperbelt and multiple showing similar in nature as the Mukabi-Kasari, the area remains an attractive target for testing. Through its local, in country contacts the Company is continuously evaluating JV opportunities and in the African Copperbelt, both in and outside the DRC.

Contact Us


RED MOUNTAIN MINING LTD
ABN 40 119 568 106

Head Office
Level 1
1 Altona Street
West Perth
Australia 6005

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