Home Search Watchlist Advertise Feedback Profile



What Is the Goal of Red Mountain Mining's Phase II Exploration at Monjebup? — ASX:RMX| ASX Mining News & Discussion
L
Lykeshares Official
$RMX What Is the Goal of Red Mountain Mining's Phase II Exploration at Monjebup?
Red Mountain Mining Launches Phase II Exploration at Monjebup for Rare Earth Ionic Clays

Red Mountain Mining (ASX: RMX), a prominent mineral exploration and development company, has initiated Phase II exploration at its Monjebup Rare Earths project in Western Australia. This phase focuses on detailed grid clay sampling to identify Rare Earth Element (REE) bearing clay targets, particularly around zones with enriched REE orthogneisses. Following promising results from initial phases, this exploration aims to further delineate drill targets for upcoming aircore drilling.

Phase II Exploration Details

The exploration program targets zones around four anomalous basement rocks with Total Rare Earth Oxide (TREO) levels exceeding 1000ppm, alongside soil sample locations also showing over 1000ppm TREO (+Yttrium). Approximately 1,450 samples will be collected across 1000m x 1000m grids at 50m intervals, focusing on the Chillinup prospect within the E70/6043 exploration license.

Methodology

Sampling will employ a hand auger to reach clays at depths greater than ...
What Is the Goal of Red Mountain Mining's Phase II Exploration at Monjebup?

L
Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
L
Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
L
Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
L
Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
L
Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
L
Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
L
Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?