Email just out from 'Next Small Cap' on RMX.
Exploration Programme Ready for RMX’s Cobalt Project
Red Mountain Mining (ASX: RMX) is rapidly progressing its cobalt ambitions at the Mukabe-Kasari Cobalt-Copper Project in the Democratic Republic of Congo (DRC).
The DRC, and in particular the prolific Central African Copper belt, is the world’s largest supplier of cobalt.
The project comprising artisanal licenses over approximately 116 square kilometres, offers significant potential and has artisanal mining that has already demonstrated mineralisation at the location.
RMX has now completed its due diligence on the project, secured funding, and designed an exploration programme, readying it to commence a systematic exploration programme.
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Ann: Exploration to commence at Mukabe-Kasari, page-124
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