Successful Program at Utah Antimony Project and Expansion
Released
Released
Announcement PDF
ASX: RMX
investorhub.redmountainmining.com.au info@redmountainmining.com.au Red Mountain Mining Ltd ACN 119 568 106
SUCCESSFUL FIELD RESULTS AT
UTAH ANTIMONY PROJECT LEADS TO EXPANSION
HIGHLIGHTS
• Highly encouraging results from field program at the Utah Antimony Project supports Red
Mountain’s Antimony exploration model and leads to additional expansion of claims
• Red Mountain’s Utah Antimony Project directly adjoins American Tungsten and Antimony
Ltd’s (ASX: AT4; Market Cap $152 million) Antimony Canyon Project (ACP), one of the largest
and highest-grade antimony projects in the USA, with a defined conceptual Exploration Target
of 12.8 to 15.6 Mt @ 0.75% to 1.5% Sb, containing between 96,000 to 234,000 tonnes of
Antimony metal1
• Mapping analysis undertaken by Red Mountain strongly suggests that both the same type of
host rocks and extensions of the large epithermal Antimony mineralising system targeted by
AT4 at Antimony Canyon are present within Red Mountain’s project area
• Red Mountain has acquired 19 additional claims which cover the further southern extension
of the major N-S trending structural corridor believed to control mineralisation at Antimony
Canyon
• Satellite imagery commissioned by Red Mountain has also identified multiple similar spectral
signatures to the ACP mineralisation within Red Mountain’s project area, which will be
followed up by ground exploration team
• Red Mountain plans to use geophysics to map out the location of prospective structures and
conductive targets beneath cover for on ground follow up work, including drill testing
Red Mountain Mining Limited (ASX: RMX, US OTCQB: RMXFF, or “the Company”), an Australian
and United States based Critical Minerals exploration and development company with an established
and growing portfolio of projects in Tier-1 Mining Districts, is pleased to announce highly encouraging
results from its exploration program at the Utah Antimony Project in the Antimony Mining district,
Utah, USA. Red Mountain has also identified and acquired a further 19 prospective claims, bringing
the total for the project to 106 claims.
1 TMG ASX Announcement 14/07/2025: https://wcsecure.weblink.com.au/clients/triggminerals/headline.aspx?headlineid=61272898
ASX Announcement
18 December 2025
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Field Program Confirms Highly Prospective Geology and Alterations
Red Mountain’s US field team recently completed mapping of both existing claim blocks of the
Company’s Utah Antimony Project.
Mapping in the northern claim block confirmed the presence of similar host rocks as the principal
host units for mineralisation at Antimony Canyon (Figure 1A). RMX’s field team also observed
alteration consistent with the presence of significant epithermal system within the claims, including
widespread pervasive argillic alteration (Figure 1C) and silicification, and more localised development
of oxidised breccias (Figure 1B) and quartz vein stockworks. Alteration zones are structurally controlled
by northwest trending faults, which are interpreted to represent similar Fault splays to the structures
that fundamentally control hydrothermal fluid flow and high-grade antimony mineralisation at
Antimony Canyon.
Figure 1: Field samples and exposures from Red Mountain's northern claims area. (A) Fine-grained welded tuff with eutaxitic texture and silica bleaching, similar to the principal
host to mineralisation at Antimony Canyon (Sample location 732361). (B) Coarse angular breccia cemented by silica and iron oxides. Strong hematite-jarosite color and possible
replacement textures consistent with hydrothermal brecciation along a feeder fault (Sample location 732355). (C) Exposure of strongly oxidised tuffaceous breccia with hematite
and yellow-white clay alteration (kaolinite/dickite) interpreted to Indicate upper-level steam-heated alteration in the near surface portion of a hydrothermal system (Exposure
location 732357). For sample and exposure locations, see Figure 5. Summary of the host rocks are found in Table A below.
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Red Mountain’s southern claims area sits higher within the Tertiary volcanic sequence than the
northern claims area, with exposures of pre-Quarternary geology comprising the late Tertiary volcanic
and sedimentary units that overly the basal volcaniclastic and fluvial sediments of the Flagstaff
Formation (Figure 2). However, it is considered likely that The Flagstaff Formation, including the
tuffaceous volcaniclastic units that host antimony mineralisation at Antimony Canyon, extend into the
Company’s southern claims at relatively shallow depths. Where Tertiary volcanic basement is exposed
in the southern claims area, it typically occurs as steep, fault-controlled exposures of volcanic breccias
and welded tuffs showing pervasive silicification and patchy iron-oxide alteration (Figure 4A), and local
zones of strong fault-controlled quartz veining (Figure 4B), which is consistent with the upper portion
of an epithermal system, suggesting excellent potential for concealed antimony mineralisation at
depth.
Figure 2: Field samples and exposures from Red Mountain's northern claims area. (A) Exposure of vuggy, porous silica with cream-white quartz and red-brown iron oxide staining,
featuring strong silicification and leaching with open vugs lined by secondary silica. The exposure is interpreted to represent a silica cap developed above a deeper hydrothermal
feeder, that is typical of a high-sulfidation epithermal system that may host antimony mineralisation at depth (Exposure location 732370). (B) Strongly banded and brecciated
intensely silicified rock featuring vein quartz and well developed iron oxide coatings (hematite/goethite) along fractures and within cavities. Interpreted to represent a fault-
controlled hydrothermal vein feeder cutting through the volcanic pile (Sample location 732371). For sample and exposure locations, see Figure 6. Summary of the host rocks are
found in Table A below.
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The Antimony Mining District was discovered in 1879 and produced high-grade Sb ores from multiple
small-scale mines from 1880 to about 1908 and intermittently into the 1960s2
. RMX’s claims lie
immediately along strike to the north and south of American Tungsten and Antimony Ltd’s (ASX: AT4;
Market cap AU$152 million – formerly Trigg Minerals (ASX: TMG)) Antimony Canyon Project (Figure
1), which includes more than 30 historical mine workings surrounding both Antimony Canyon and
Drywash Canyon, approximately 6km north of the main prospect.
Antimony mineralisation within the Antimony Mining District is related to approximately north-south
trending fault system, which are interpreted to be fault splays related to the Paunsaugunt Fault. These
faults are thought to have provided pathways for hydrothermal fluids from nearby volcanic centres to
migrate upward towards favourable stratigraphic horizons, where antimony typically occurs as stibnite
veins and stockwork zones parallel to flat-lying stratigraphy. The dominant host for mineralisation at
Antimony Canyon and Drywash Canyon is the Early Palaeocene Flagstaff Formation, which comprises
carbonate-rich fluvial sandstone and conglomerate, with AT4’s recent exploration3
concluding that a
brittle tuffaceous felsic volcaniclastic horizon within the Formation is the most prospective host unit,
but that mineralisation is present at multiple stratigraphic levels, implying potential for both laterally
and vertically extensive mineralisation, providing an encouraging model for Red Mountain’s Utah
Antimony Project prospectivity.
Subsequent to Red Mountain’s announcement of acquiring the Utah Antimony Project in mid-
September 4
, AT4 has released modelling results from its 43-kilometre-controlled-source audio
magnetotellurics (CSAMT) survey at Antimony Canyon5,6
, which detected a geophysical structure
consistent with a large-scale epithermal mineral system, including extensive, stacked low-resistivity
(conductive) zones, interpreted as argillic (clay) alteration that is a prospective host for antimony
mineralisation, overlain by a high-resistivity zone, thought to represent the silica cap of the
hydrothermal system. The CSAMT survey has also imaged multiple discrete, steeply dipping structural
breaks that disrupt the conductive horizons. AT4 interpret these features, which correlate well to ~N-
S trending Paunsaugunt Fault splays mapped by the Utah Geological Survey, to be the main "feeder
2 Doelling, H.H., 1975, Geology and mineral resources of Garfield County, Utah: Utah Geological and Mineral Survey Bulletin 107, 172 p.
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4 RMX ASX Announcement 11/09/2025: https://investorhub.redmountainmining.com.au/announcements/7151434
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structures" responsible for transporting mineralising fluids from depth and therefore a fundamental
control on the extent and location of antimony mineralisation.
Figure 3: Location of Red Mountain's Utah Antimony Project relative to Americal Tungsten and Antimony Ltd's' Antimony Canyon Project, with the new claim area highlighted .
The locations of AT4's main focus area, Antimony Canyon, and the Drywash Canyon and Northern Extension prospects, are also shown.
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On 25 November, AT4 announced results of a second phase of systematic rock chip and channel
sampling at Antimony Canyon7
, with multiple samples returning >1% Sb, including best results of
29.4% Sb from Little Emma, 25.24% Sb from the Pluto Workings and 17.94% Sb from the Gem Mine
zone.
Significantly for Red Mountain, AT4 also announced the discovery of a substantial new zone of high-
grade antimony mineralisation, returning results of up to 3.59% Sb to date, and termed the “Northern
Extension”, which lies approximately 1km north of the Antimony Canyon Project area (Figure 3). The
Northern Extension coincides with a coherent NNW-trending CSAMT conductive anomaly and is
interpreted to be controlled by splays of the Paunsaugunt Fault, highlighting the importance of these
structures in controlling mineralisation and confirming the potential for significant antimony
mineralisation both north and south along strike from Antimony Canyon, including into Red
Mountain’s project area. The 19 new claims added to Red Mountain’s Utah Antimony Project are
targeted at the further southern extension of major ~N-S trending faults that are thought to be the
main control on the mineralising system at Antimony Canyon and the Northern Extension (Figure 3).
Most recently, on December 10, AT4 announced “tentative” regulatory approval of a 24 hole diamond
drilling program, planned to total around 1650m, targeting the Little Emma and Gem prospects within
Antimony Canyon, which drilling planned to commence before the end of December.8
Multispectral satellite data defines multiple targets within the Utah Antimony Project
During October, Red Mountain also engaged Dirt Exploration (“Dirt”) to process and analyse satellite
imagery across AT4’s project area and Red Mountain’s Utah Antimony Project to firstly understand
the spectral signal of the exposed mineralisation in Antimony Canyon and then identify the distribution
of comparable spectral patterns within Red Mountain’s project area.
The study used the locations and antimony content of 200 published AT4 rock chip samples to
generate a multispectral fingerprint of the mineralisation in Antimony Canyon. This classifier was then
mapped over Red Mountain’s claims to identify potential similar targets.
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Figure 4: Location of Red Mountain's Utah Antimony Project relative to American Tungsten and Antimony Ltd's' Antimony Canyon Project and the spectral targets, with the new
claim area highlighted. The locations of AT4's main focus area, Antimony Canyon, and the Drywash Canyon and Northern Extension prospects, are also shown.
As the classifier was based on surface spectral responses, it effectively acts as a detection tool for
potential outcropping mineralisation. The 100 strongest matches to the classifier within the Red
Mountain claims, including the newly pegged areas, are shown as “Surface Targets” on Figures 5 and
6. These targets are mostly concentrated in the eastern portion of the southern claims area, where
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the underlying prospective Tertiary geology is not masked by Quaternary sediments (Refer to Figure
4).
Figure 5: Locations of Sentinel-2 spectral targets and samples and exposures shown in Figure 3 for the northern claims area of Red Mountain's Utah Antimony Project. Tertiary
faults mapped by the Utah Geological Survey are also shown.
Satellite imagery can be utilised to look under cover and through vegetation by mapping spectral
features associated with gases that may diffuse to the surface from shallowly to deeply buried sources.
By using the AT4 rock chip sampling as a training dataset, Dirt was able to demonstrate a correlation
between antimony mineralisation and elevated signals for mercury (Hg) vapour, and hydrogen (H2),
methane (CH4), carbon dioxide (CO2) and radon (Rn) gas. Using this relationship, Dirt was able to map
the 100 strongest “Gas Targets” across Red Mountain’s claims, which are also shown on Figures 5 and
6. These targets show a much more uniform distribution across the Utah Antimony Project, reflecting
the potential for this targeting technique to “see” through cover.
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Figure 6 Locations of Sentinel-2 spectral targets and samples and exposures shown in Figure 4 for the southern claims area, including the new claims area of Red Mountain's Utah
Antimony Project. Tertiary faults mapped by the Utah Geological Survey are also shown.
The final targeting product provided by Dirt is mercury vapour. Mercury is typically present in high
concentrations in high sulfidation epithermal mineralisation and, as noted above, the mineralisation
at Antimony Canyon correlates with spectral signals indicating high concentrations of mercury vapour.
The element is highly volatile and mobile, and is known to migrate upward in vapour form from
buried mineralisation. Mercury vapour anomalies in soil gas have successfully detected buried deposits
at depths of up to 600m.
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Using multiple spectral features for mercury vapour that are detectable in Sentinel-2 data, Dirt
mapped the 100 strongest “Hg Vapour Targets” across Red Mountain’s claims, which are also shown
in Figures 5 and 6. Like the Gas Targets, the Hg Vapour Targets are present in both outcropping
and covered areas across the Company’s claims, although in areas of Quarternary cover, for example
in the western portion of the southern claim area and within the new claim area, they appear to be
preferentially developed along and close to mapped faults (Figure 6). This relationship is consistent
with the interpreted fundamental structural control on antimony mineralisation in the district.
Forward exploration program for the Utah Antimony Project
Red Mountain’s priority for exploration will be to undertake additional surface mapping to follow up
the highest priority surface exploration targets identified from the satellite data and identify,
characterise and sample any relevant outcropping structures and lithologies. RMX is currently planning
high resolution drone magnetics to locate the undercover extensions of north-south structures known
to be associated with mineralisation at Antimony Canyon, Northern Extension and Drywash Canyon
into RMX’s claims.
The exploration will be used to define prospective areas for more intensive follow up work. The
magnetic survey is being planned to model the extent of subsurface hydrothermal systems and to
directly detect sulfide mineralisation beneath cover and at depth. This will be followed by RAB drilling
to test shallow targets and RC and/or diamond drilling for deeper target testing.
Red Mountain set to continue aggressive US growth strategy
Red Mountain is set to continue to seek further opportunities to expand its portfolio of high-quality
Critical and Strategic Metals projects in Tier 1 US mining jurisdictions. In addition to the Utah Antimony
Project, the Company also holds two high-quality antimony projects in central Idaho at Yellow Pine
and Silver Dollar, and is actively pursuing other opportunities with a goal of building a portfolio of
assets to leverage what is an unprecedented critical shortage of Western supply and US Government
interest in key strategic commodities. The Company expects to announce further growth initiatives in
the coming weeks.
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Authorised for and on behalf of the Board,
Mauro Piccini
Company Secretary
About Red Mountain Mining
Red Mountain Mining Ltd (ASX: RMX, US CODE: RMXFF) is a Critical Minerals and Gold exploration and development company focussed
on accelerating its United States and Australia based assets, located in Tier-1 Mining Districts.
Red Mountain is fast-tracking its Critical Minerals projects in the US and Australia, and the Board and Management is determined to rapidly
define a portfolio of advanced projects to assist the United States and Western countries with a reliable, high-quality source of commodity
supply, including from the Company’s: Armidale Antimony-Gold Project located in NSW, Australia, which has delivered High-Grade
Antimony samples to date (up to 39.3% Sb) and its US Critical Minerals Portfolio: the Utah Antimony Project in the Antimony Mining
District of Utah, adjacent to American Tungsten and Antimony Ltd’s Antimony Canyon Project (ASX: AT4); the Yellow Pine Antimony
Project, with historic workings, less than 2km from Perpetua’s Stibnite Project (NASDAQ: PPTA) in Idaho; the Silver Dollar Antimony Project
(Historic Antimony Mine), south of Yellow Pine, reporting up to 17.7% Sb; and US Lithium Projects in Nevada.
Competent Person Statement
The information in this announcement that relates to Exploration Results and other technical information complies with the 2012 Edition of
the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). It has been compiled and
assessed under the supervision of contract geologist Mark Mitchell. Mr Mitchell is a Member of the Australasian Institute of Geoscientists
and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being
undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Mr Mitchell consents to the inclusion in
this announcement of the matters based on his information in the form and context in which it appears.
Disclaimer
In relying on the above mentioned ASX announcement and pursuant to ASX Listing Rule 5.23.2, the Company confirms that it is not aware
of any new information or data that materially affects the information included in the above-mentioned announcement.
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Table A: Surface sampling program designed to identify surface host rocks as the geological model at the
Utah Antimony Project suggests a hydrothermal model beneath the cover. As expected with this program, no
outcropping Stibnite was identified.
JORC Code, 2012 Edition - Table 1
1.1 Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (e.g. cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc). These examples
should not be taken as limiting the
broad meaning of sampling.
• Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report.
• In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other
cases more explanation may be required,
such as where there is coarse gold that
has inherent sampling problems. Unusual
• RMX has conducted grab rock chip
sampling at specific altered horizons in
the Flagstaff Formation during an initial
geological site inspection.
• The samples were targeted based on
hydrothermal alteration and are
therefore biased. This is a first pass
look and see program and not a
systematic sampling programme.
• Sentinel 2 satellite data was acquired
and unmixed to target specific mineral
groups across the area. This includes
serpentine, 9jarosite, magnetite, chert,
pyroxene, pyrite, illite, muscovite,
quartz, beryl, anthophyllite, stibnite and
galena. Vegetation was also detected
to see what areas are masked or
swamped by vegetation. The spectra
from gases He, H2, CO2, CH4 and Rn
were also examined
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Criteria JORC Code explanation Commentary
commodities or mineralisation types (eg
submarine nodules) may warrant
disclosure of detailed information.
Drilling
techniques
• Drill type (e.g. core, reverse circulation,
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
(e.g. core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
etc).
• No drilling reported
Drill
sample
recovery
• Method of recording and assessing core
and chip sample recoveries and results
assessed.
• Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
• Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
• No drilling reported.
Logging • Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource estimation,
mining studies and metallurgical studies.
• Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
• The total length and percentage of the
relevant intersections logged.
• No drilling reported.
• Rock sampling is not used for resource
estimation in this announcement.
Sub-
sampling
techniques
and
sample
preparation
• If core, whether cut or sawn and whether
quarter, half or all core taken.
• If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
• For all sample types, the nature, quality
and appropriateness of the sample
• Rock chip sampling was biased towards
the presence of hydrothermal activity,
which is the precursor to Antimony
mineralisation beneath the surface.
• The sampling technique was seeking to
identify surface rocks and the similarities
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Criteria JORC Code explanation Commentary
preparation technique.
• Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.
• Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.
• Whether sample sizes are appropriate to
the grain size of the material being
sampled.
between AT4’s surface rocks. AT4’s
geological model is undercover and driven
by hydrothermal activity.
• The significance of the rock types is that
there is evidence of hydrothermal activity
which supports Red Mountain’s geological
model for the Utah Antimony Project.
Quality of
assay data
and
laboratory
tests
• The nature, quality and appropriateness
of the assaying and laboratory
procedures used and whether the
technique is considered partial or total.
• For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
• Nature of quality control procedures
adopted (e.g. standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (i.e. lack of bias) and precision
have been established.
• The spectra data was combination of VNIR
and SWIR data from the Sentinel 2
satellites of the European Space Agency
with VNIR at 10m spatial resolution and 2
bands of SWIR at 20m resolution. The
surface reflectance’s were unmixed into 16
endmembers and correlated against a
library of 481 minerals provided by the
USGS. The process was conducted and
interpreted by Neil Pendock of Dirt
Exploration (Cape town RSA).
• Samples not sent for lab analysis as the
successful analysis and visible
interpretation of the surface host rocks has
already been made to better understand
the surface geology.
Verification
of
sampling
and
assaying
• The verification of significant
intersections by either independent or
alternative company personnel.
• The use of twinned holes.
• Documentation of primary data, data
entry procedures, data verification, data
storage (physical and electronic)
• No drill holes reported.
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Criteria JORC Code explanation Commentary
protocols.
• Discuss any adjustment to assay data.
Location of
data points
• Accuracy and quality of surveys used to
locate drill holes (collar and down-hole
surveys), trenches, mine workings and
other locations used in Mineral Resource
estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic
control.
• No mineral resource estimation is presented
in this release.
• The satellite data geo-rectified and ground
truthed
Data
spacing
and
distribution
• Data spacing for reporting of Exploration
Results.
• Whether the data spacing and
distribution is sufficient to establish the
degree of geological and grade
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
• Whether sample compositing has been
applied.
• Rock sample spacing was biased towards
evidence of hydrothermal activity a
necessary precursor for Sb mineralisation to
be present.
• No analytical data has been reported in the
RMX licences.
• The resolution of the satellite data is
considered appropriate with pixel size
sufficient to detect broad mineralisation
patterns.
Orientation
of data in
relation to
geological
structure
• Whether the orientation of sampling
achieves unbiased sampling of possible
structures and the extent to which this is
known, considering the deposit type.
• If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
• Rock grab samples were biased to known
brittle layers in the Flagstaff formation
which are known to be exploited by
hydrothermal fluids of which Red Mountain
will need to continue to undertake further
work to identify antimony mineralisation
beneath the cover.
• No drilling conducted.
• The satellite reflectance data is considered
Omni directional, so orientation flight paths
are not a significant factor in data
collection.
Sample
security
• The measures taken to ensure sample
security.
• It is not reported what sample security was
observed.
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Criteria JORC Code explanation Commentary
• The satellite data was not considered
corrupted due to being ground truthed.
Audits or
reviews
• The results of any audits or reviews of
sampling techniques and data.
• No audit or reviews were conducted.
1.2 Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
• Type, reference name/number, location
and ownership including agreements or
material issues with third parties such
as joint ventures, partnerships,
overriding royalties, native title
interests, historical sites, wilderness or
national park and environmental
settings.
• The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a licence to
operate in the area.
• The mining claims cover two blocks, 57
claims in the north and 59 in the
southeast of the two antimony canyons
(Antimony and Dry Wash). The 19 recent
claims adjoin exits southeast claims. The
total of 106 claims covering 8.9km2
are
wholly owned by RMX
• The unpatented claims have been
approved by the Bureau of Land
Management.
Exploration
done by other
parties
• Acknowledgment and
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