Ann: Chairmans Update to Shareholders, page-4

Dear Investors,
As recently appointed chairman of Red Mountain Mining, I am pleased to provide an update on the
Company’s portfolio suite of projects.
Mt Mansbridge Project
The Company has recently been notified by ALS Global that due to an overwhelming backlog of work at its
laboratories, fast-tracked assay results for rare earth elements and cobalt from our recent drilling
programme is expected to arrive in early January.
Comprehensive petrology work for REE rock chips has commenced, with results are anticipated to be
received on or around mid-January 2022.
At the start of the 2022 dry season, as soon as the site is accessible, RMX intends to resume its exploration
drilling program, which will take into account its pending Mt Mansbridge assay results. Now with substantial
access tracks established at the Mt Mansbridge project and heritage clearances achieved, the Company is
well placed to successfully complete its exploration programs.
Koonenberry Gold Project
Red Mountain has completed an internal review of the project’s historic data and has commenced budgeting
for an exploration programme at targeted locations. The Company is pleased to note recent positive
developments in RC drilling in our neighbouring tenement by Manhattan Corporation (ASX: MHC), delivering
impressive high grade gold assay results at close to surface. The Company is considering the implications of
these exploration result outcomes so close to the Company’s tenement package.
Mt Maitland Gold Project
After successful completion of second phase drilling at Mt Maitland earlier in the year, the Company is
currently undertaking an internal assessment of the project with experienced consultant geologists before
committing any expenditure on further exploration.

ASX: RMX Web: www.redmountainmining.com.au
Mukabe Kasari Copper-Cobalt Project, DRC
The Company has recently advised the vendor of the Mukabe Kasari project of its election to not exercise
this option to proceed with the earn-in agreement, as it is in the best interests for Red Mountain to place its
focus on its flagship Australian assets.
Further opportunities to enhance shareholder value
Notwithstanding that the Company is encouraged by its existing projects summarised above, the Company
continues to consider and assess additional project opportunities to add to its portfolio that have the
potential to derive additional value for shareholders.
The Company would like to thank the RMX shareholders for their continued support during this year and we
look forward to building material value in 2022.
Yours sincerely,
Troy Flannery
Non-Executi