“Red Mountain Mining (ASX:RMX) to acquire 100% of Mt Mansbridge Project”

  • October 29, 2020 06:58 PM AEDT
  • Team Kalkine
“Red Mountain Mining (ASX:RMX) to acquire 100% of Mt Mansbridge Project”
Summary
Gold MTF non-AMP

  • ASX listed Red Mountain Mining Limited announced the proposal to acquire 100% interest in the Mt Mansbridge Heavy Rare Earths Project from the ARD Group.
  • Mt Mansbridge Project consists of three tenements in the Kimberly region of Western Australia and has prospects for heavy rare earth elements along with cobalt and nickel.
  • Red Mountain will pay A$100,000 in cash consideration n 2 tranches and will issue 50 million shares to ARD Group for the acquisition of the project.
  • Exploration activities on Mt Maitland High-Grade Gold Project and Mukabe-Kasari Copper-Cobalt Project in DRC are on track and well funded.

 


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