RMX 0.00% 0.1¢ red mountain mining limited

Ann: Early Lithium Discovery at the Mustang Project, page-17

  1. 1,814 Posts.
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    Good announcement, it shows the clays with lithium bearing pegmatites are wide spread. The grades underground should be of similar values, comparable to REE in clay.
    Neighbors with large deposits have shown grades of 500ppm are economic with scale.
    Drilling will need to confirm depth extends to the Li, but we could be onto something large like our neighbors.
    Similar geology to our neighbors is a huge plus and now confirmed Li on our tenement is fantastic.
    We could move onto a drilling program later this year after more sampling and mapping is done. Li underground should be quite shallow drilling into the clays.
    The new director may have actually lead us in the right direction finally, time will tell, but it's looking very positive.
 
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