In response to the security of REE supply and global demand for battery minerals due to the rapid growth in lithium ion batteries for electric vehicles, Red Mountain Mining seeks to fast track exploration and development of the Mt Mansbridge Project in Western Australian which is prospective for Heavy Rare Earth Elements (HREE) and nickel-cobalt.
https://www.mining.com/australia-cobalt-sector-set-for-long-term-growth-report/
Ann: Company Presentation, page-28
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