RMX 0.00% 0.1¢ red mountain mining limited

Ann: Scoping Study Nearing Completion , page-4

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    About Red Mountain Mining Limited and the Batangas Gold Project
    Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company which listed
    on the ASX in September 2011. The Company’s strategy is to unlock the potential of ‘under-developed’ gold
    and polymetallic projects in the greater Asian region by introducing Australian exploration and mining
    methods and improving efficiencies to gain significant exploration and production upside.
    The Company holds a 100% direct and indirect contractual right interest in tenements in the Philippines
    that contain significant gold resources. Total Mineral Resources at Batangas, at a 0.85 g/t Au lower cut off,
    include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of
    3.02 million tonnes @ 2.1 g/t Au, 200,000oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au
    (30 January 2013, JORC 2004).
    The Company will continue exploration with the objectives of upgrading Mineral Resources at Batangas and
    complete a scoping study to demonstrate the potential viability of a gold mining and processing project.
    Other gold opportunities will be reviewed on a continuous basis.
 
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