Red Mountain Mining Ltd · ASX:RMX
Red Mountain Mining — Investor Presentation (November 2023)
21 slides from Red Mountain Mining's investor presentation, Nov 13, 2023
Slide 1: Investor Presentation
Investor Presentation Exploring for critical minerals in For personal use only the World’s Premier Mining Jurisdictions Lithium Projects, Nevada USA Rare Earths & Gold Projects, Western Australia November 2023 ASX: RMX
Slide 2: Disclaimer
Disclaimer 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 indicator of future perform
Slide 3: Exploring for critical minerals to power a sustainable future
Exploring for critical minerals to power a sustainable future For personal use only Solar power Electric Cell phones , storage vehicles tablets and laptops E−bikes & Tools Glass & scooters Ceramics Red Mountain Mining Corporate Update Nov 2023 3
Slide 4: Corporate snapshot
Corporate snapshot Working hard to enhance shareholder value For personal use only Capital Structure Shareholders Shares on Issue: 2.673 bn Share Price (07/11/2023): 0.4 cent Market Capitalisation: $10.69m Cash Position* ~$1,404k Investments: 1.7m shares MCNEIL NOMINEES PTY LTD 8.5% (LSE: BMV) LITHI
Slide 5: Management Team
Management Team Working hard to enhance shareholder value Troy Flannery Lincoln Ho Robert Parton Mauro Piccini For personal use only Non-Executive Chairman Non-Executive Director Non-Executive Director Company Secretary • 25 years of mining industry • 10+ years of equities trading • +20 years of exp
Slide 6: Investment highlights
Investment highlights Unlocking the potential of lithium in Nevada and REEs in Western Australia to power a sustainable future • Global Diversification: exploring critical minerals in prime US mining jurisdictions - Nevada and Western Australia For personal use only Flagship Mustang Project (100%) •
Slide 7: Nevada, USA
Figure: Facing west near 733270, Magante Lithium Project For personal use only Nevada, USA The Fraser Institute’s latest Annual Survey of Mining 1. Mustang Lithium Project (RMX 100%) Companies ranked Nevada as 2. Lithic Lithium Project (RMX 100%) the top mining jurisdiction in 3. Magante Lithium Pro
Slide 8: Mustang Lithium Project overview
Mustang Lithium Project overview Unearthing Nevada’s untapped lithium discovery potential For personal use only • Strategic Location: nestled on south-east flank of the hydrologically closed Monte Cristo Valley, the dominant claystone hosted lithium region in the USA • Expansive Prospects: Project a
Slide 9: Mustang Lithium Project metallurgical results
Mustang Lithium Project metallurgical results Excellent Lithium Recovery Results at Low Acid Consumption Rates Preliminary metallurgical test work results For personal use only • High Lithium Recovery: Achieved up to 88% with sulfuric acid* • Consistent Performance: Averaged 82.5% recovery in just 7
Slide 10: Mustang Lithium Project maiden drill program
Mustang Lithium Project maiden drill program High-grade lithium discovery from near surface Figure: Mustang Lithium Project: drill hole 9 For personal use only • Maiden RC Drilling intercepted thick, consistent, high- grade lithium claystones • Near Surface, High-grade Lithium Discovery*, including
Slide 11: Mustang Lithium Project phase drilling
Mustang Lithium Project phase 2 drilling Building a potential JORC resource at Mustang • Phase 2 drilling program successfully completed end of For personal use only October 2023 • All 11 holes completed on time & within budget • Assays pending and RMX focused on building a JORC resource at Mustang
Slide 12: Lithic Lithium Project Nevada USA (RMX 100%)
Lithic Lithium Project Nevada USA (RMX 100%) Project location and significance • Strategic Proximity: Only 29km north of the USA’’s sole producing For personal use only lithium mine, Silver Peak, • Expansive Territory: Encompasses 115 claims, covering a total area of 961 hectares • Neighboring Poten
Slide 13: Lithic Lithium Project exploration
Lithic Lithium Project exploration Figure: Lithic Lithium Project surface sample location Latest surface sampling returned lithium For personal use only assay values to a high of 1,518ppm Li* 10 samples obtained from recent surface sampling with lithium values over 1000ppm Results bolster confidence
Slide 14: Magante Lithium Project overview
Magante Lithium Project overview RMX expands lithium horizons in Elko County, Nevada • Doubling Down: Successfully secured 199 Mining Claims in Nevada's Elko For personal use only County, nearly doubling RMX’s landholding in Nevada • Driven by Discovery: Inspired by Surge Battery Metals’ remarkable
Slide 15: Australia
For personal use only Australia 1. Monjebup Rare Earth Project (RMX farm-in 80%, Liontown 20%), WA 2. Koonenberry Gold Project (RMX 100%), NSW Red Mountain Mining Corporate Update Nov 2023 15
Slide 16: Monjebup Rare Earth Project Overview
Monjebup Rare Earth Project Overview Figure: Monjebup REE Project location map • Farm-in agreement executed with Liontown Resources (ASX: LTR) for 80% For personal use only interest in project • Located in southern Western Australia, ~80km north-east of Albany • Consists of three large exploration l
Slide 17: Monjebup Rare Earth Project
Monjebup Rare Earth Project • Exploration Focus: Liontown's tenement applications aimed For personal use only at uncovering ionic clay REE potential • Promising samples: Previous surface sampling revealed Total Rare Earth Oxide (TREO) results reaching up to 969ppm* • Initial field exploration comple
Slide 18: Koonenberry Gold Project, NSW (100%)
Koonenberry Gold Project, NSW (100%) 100% Ownership of Koonenbury Gold Project in NSW – Unlocking Untapped Value • Strategic location: Covering approx. 657km2, the Project is located in a For personal use only geologic setting considered analogous to the prolific Victorian Goldfields located in sout
Slide 19: Exploration timeline
Figure 8: Facing East on Road South of claim boundary Claim KM-196 Exploration For personal use only timeline Red Mountain Mining Corporate Update Nov 2023 19
Slide 20: Indicative exploration timeline
Indicative exploration timeline Figure: Facing SE from claim KM-166 in between 733308-733309, Magante Lithium Project 2023/2024 Q3 Q4 Q1 2024 For personal use only Mustang Li Project, Nevada Additional Mustang tenure staked ● First stage metallurgical test work ● Soil sampling collection ● ● Second
Slide 21: Red Mountain Mining Ltd
For personal use only RED MOUNTAIN MINING LTD ABN 40 119 568 106 Head Office 38 Colin St, West Perth Australia 6005 Email: info@redmountainmining.com.au www.redmountainmining.com.au Red Mountain Mining Corporate Update Nov 2023 V1 21
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