RED MOUNTAIN MINING (ASX:RMX)
RMX has increased the size of its newly acquired Mustang lithium project in Nevada which is prospective for clay hosted deposits.
The explorer says the 1,070ha project area sits in the same rocks and “lithium enrichment settings” as American Lithium’s 10.7Mt TLC project and Cypress Development Corp’s 7.2Mt Clayton Valley project.Early-stage exploration has now kicked off, ahead of a planned 10-hole drilling program.
The company also has exploration ground in the NT, adjacent to Core Lithium’s (ASX:CXO) Finniss lithium project and Lithium Plus Minerals’ (ASX:LPM) Bynoe lithium project.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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