Red Mountain Mining Ltd · ASX:RMX

Red Mountain Mining — Corporate Update (November 2021)

16 slides from Red Mountain Mining's corporate update, Nov 9, 2021

1. Slide 1: Drilling at Mt Mansbridge, East Kimberley

   For personal use only DRILLING AT MT MANSBRIDGE, EAST KIMBERLEY TARGETING HEAVY RARE EARTHS TARGETING NICKEL-COPPER-COBALT-PGE November, 2021 Company Presentation ASX: RMX

2. Slide 2: Disclaimer

   DISCLAIMER For personal use only Information in this presentation is for general purposes only, and is not an offer, recommendation, or invitation for investment in, or purchase of, Company securities; includes statements relating to past performance, which should not be regarded as a reliable indic

3. Slide 3: Mt Mansbridge HREE & Ni-Cu-Co-PGE Project (WA)

   M T M A N S B R I D G E H R E E & N I - C U - C O - P G E P R O J EC T ( WA ) For personal use only  Structural analysis, recent soil sampling and rock chipping, together with historic rock chipping noting presence of xenotime veins identifies heavy rare earth prospectivity at Mansbridge, Killi-Kil

4. Slide 4: Mt Mansbridge – Heavy Rare Earth Elements (HREE)

   M T M A N S B R I D G E – H E AV Y R A R E E A R T H E L E M E N T S ( H R E E ) For personal use only  Mt Mansbridge is located ~40km from Northern Minerals Ltd. (ASX: NTU) Browns Range HREE Operation  Comparable geological setting to Browns Range - exposed Killi Killi Formation – highly prospect

5. Slide 5: Killi Killi Prospect (HREE)

   MT MANSBRIDGE – KILLI KILLI PROSPECT (HREE) For personal use only  Xenotime-Dysprosium Occurrence discovered by BHP in 1980’s  +200m mapped strike with confirmed HREE mineralisation  Mineralised zone is a broad zone of deformation within the prospective Killi-Killi Formation consisting of veining

6. Slide 6: Kylo Prospect (HREE)

   MT MANSBRIDGE – KYLO PROSPECT (HREE) For personal use only  Xenotime Mineral Occurrence  Occurrence validated by Northern Minerals Ltd in 2011 via single rock-chip and no follow up exploration  Highly Anomalous Yttrium and Dysprosium within ‘siliceous cherty unit’  Located proximal to prospectiv

7. Slide 7: Killi Killi Prospect (HREE) soil sample survey

   MT MANSBRIDGE – KILLI KILLI PROSPECT (HREE) For personal use only  952 soil sample survey received from laboratory  2 significant anomalies defined by consulting geochemist  First soil anomaly is HREE anomaly located on western end of Mt Mansbridge inlier  Second soil anomaly is LREE anomaly now

8. Slide 8: Mt Mansbridge – Vader Prospect (HREE)

   M T M A N S B R I D G E – VA D E R P R O S P E C T ( H R E E ) For personal use only  ~5km long, coincident Y-La-Ce soil anomaly identified by previous explorer (Quantum Resources)  Soil anomaly is associated with the prospective unconformity between the overlying Pargee Sandstone and underlying K

9. Slide 9: Cow Creek Prospect (Ni-Cu-Co-PGE)

   MT MANSBRIDGE – COW CREEK PROSPECT (NI-CU-CO-PGE) For personal use only  Interpreted as a mafic-ultramafic intrusive complex, prospective for Nickel-Copper-Cobalt- PGE’s  ~7km long untested geophysical anomaly, concealed below relatively thin cover sequences  Located on the same structure as the

10. Slide 10: Cow Creek Prospect (Ni-Cu-Co-PGE) magnetic inversion

    MT MANSBRIDGE – COW CREEK PROSPECT (NI-CU-CO-PGE) For personal use only  Inversion of magnetic data was undertaken recently to assist in visualising the geological feature in 3D  The top of the magnetic features are approximately 150m below surface and therefore within testable range via RC drilli

11. Slide 11: Deja Vu Prospect (Ni-Cu-Co-PGE)

    MT MANSBRIDGE – DEJA VU PROSPECT (NI-CU-CO-PGE) For personal use only  An altered ultramafic intrusion prospective for cobalt mineralisation.  Magnetic ‘bulls-eye’ identified by CRA between 1991 -1993 - thought to be a kimberlite, prospective for diamonds  A single 100m RC hole into the centre of

12. Slide 12: Deja Vu Prospect (Ni-Cu-Co-PGE) drilling program

    MT MANSBRIDGE – DEJA VU PROSPECT (NI-CU-CO-PGE) For personal use only  A recent litho-geochemical review of the historical CRA drill hole has highlighted the cobalt mineralisation as probably primary magmatic, i.e. not related to weathering enrichment and cannot be explained by typical background C

13. Slide 13: Appendix – Other Portfolio Assets

    For personal use only Appendix – OTHER PORTFOLIO ASSETS 13

14. Slide 14: Appendix: Koonenberry (NSW) – Gold and Base Metals – 100%

    A p p e n d i x : K O O N E N B E R R Y ( N S W ) – G O L D A N D B A S E M E TA L S – 1 0 0 % For personal use only  RMX has secured a significant footprint in an emerging gold and base metals region (circa 650km2)  Little modern exploration has been carried out over historic gold field  Land ac

15. Slide 15: Appendix: Mt Maitland (WA) – Gold and Base Metals – 100%

    A p p e n d i x : M T M A I T L A N D ( W A ) – G O L D A N D B A S E M E TA L S – 1 0 0 % For personal use only  19km of highly prospective Archean greenstone belt with potential to host high-grade shear hosted gold deposits  Located within 50km of major gold operations  Prioritised Targets: - M

16. Slide 16: Red Mountain Mining Ltd contact details

    For personal use only RED MOUNTAIN MINING LTD ABN 40 119 568 106 Head Office Level 1, 1 Altona Street West Perth Australia 6005 Email: info@redmountainmining.com.au www.redmountainmining.com.au

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