Red Mountain Mining (ASX: RMX) chairman Troy Flannery joins Small Caps to discuss the recent confirmation of high-grade lithium at the Mustang project in Nevada and the acquisition of a majority interest in a Western Australian rare earths project.

The company's drilling campaign at Mustang intersected lithium in eight out of ten holes and extended the mineralisation strike out to 1500m. Red Mountain is now planning to follow-up the success of that maiden Phase 1 drilling program.

Mustang is located 9 km south of Belmont Resources' Kibby Lake project and 40km east of American Lithium’s TLC deposit.

Closer to home, Red Mountain has already identified initial targets to follow-up at its newly acquired Monjebup rare earth project in WA's south.

The company has reached a farm-in deal with Liontown Resources (ASX: LTR) to acquire an 80% stake in the project where sampling has already identified promising rare earth potential.

Articles:
https://smallcaps.com.au/red-mountain-mining-intersects-high-grade-lithium-claystone-mustang-project/
https://smallcaps.com.au/red-mountain-obtains-majority-stake-liontown-southern-wa-rare-earth-project/

For more information on Red Mountain Mining:
https://smallcaps.com.au/stocks/RMX/

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