Announcement PDF ASX: RMX investorhub.redmountainmining.com.au info@redmountainmining.com.au Red Mountain Mining Ltd ACN 119 568 106 EXCEPTIONAL ASSAYS DEFINE MULTIPLE ANTIMONY DRILL TARGETS ACROSS EXTENSIVE ZONE AT ARMIDALE PROJECT HIGHLIGHTS: • Red Mountain’s comprehensive and systematic work has allowed the Company to define five high priority orogenic Antimony targets for drill testing at Oaky Creek next quarter • A significant large-scale orogenic antimony-gold vein system with a strike extent of ~3km at surface has now been delineated by these extensive results with drilling to commence • The new auger soil results include additional sampling close to the historical workings at Oaky Creek South, with multiple samples returning values of over 500ppm Sb, including exceptionally high soil values of up to 1.16% Sb and 612ppm As • On the Oaky Creek South Main grid, infill and extensional auger sampling of the previously reported coherent, NE-trending ~30m wide Antimony-Arsenic auger soil anomaly returned further strong results of up to 356ppm Sb and 413ppm As, with the anomaly now extending 300m in strike extent and remaining open to the northeast • Auger soil results at Oaky Creek North and further to the north highlight strong Antimony- Arsenic anomalies around mapped quartz-carbonate stibnite veins, returning values of up to 3,011ppm Sb and 859ppm As • Preparations are currently being finalised for drilling to commence at Oaky Creek • Met-test results for the Oaky Creek Antimony Prospect are expected to be received in April • Further assay result is expected in April for the Thompson Falls Antimony Project in the United States, following recently announced initial high-grade Antimony results • Antimony prices remain well supported by the classification as a critical defence mineral with direct applications in ammunition, weapons systems, alloys and flame-retardant materials, underpinning strong long-term demand and increasing efforts by Western nations to secure reliable and independent supply chains Red Mountain Mining Limited (ASX: RMX, US OTCQB: RMXFF, or “the Company”), a Critical Minerals exploration and development company with an established portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce final assays from auger soil sampling at the Oaky Creek prospect at the Company’s 100% owned Armidale Antimony-Gold project in New South Wales, generating five high-confidence Antimony drill target regions across the prospect. ASX Announcement 30 March 2026 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 2 The new auger soil results include additional sampling close to the historical workings at Oaky Creek South, with multiple samples returning values of over 500ppm Sb, with values of up to 1.16% Sb and 612ppm As (Figure 2; Appendix 1). The new results strengthen and support prior results, from a single line of eight auger samples taken over the workings in 2025, which returned values of up to 1.36% Sb and 351ppm As1 . These antimony values are exceptionally high soil sample assays. As per Figure 2, antimony values of >100ppm are closely related to the mapped quartz-carbonate-stibnite veins. Auger Program Defines Five High-Confidence Antimony Drill Targets at Oaky Creek On the Oaky Creek South Main Grid,~400m northwest of the workings, infill and extensional auger sampling of the previously reported1, 2 coherent, NE-trending ~30m wide antimony-arsenic auger soil anomaly returned further strong results of up to 356ppm Sb and 413ppm As (Appendix 1), with the anomaly now extending 300m in strike extent and remaining open to the northeast (Figure 2, Figure 3). The results to date at Oaky Creek South highlight the Main Grid soil anomaly and associated quartz-carbonate-stibnite veins and the Oaky Creek South workings as priority targets for drill testing, which is planned for the second quarter of 2026. In addition, anomalous arsenic in auger soil samples at Oaky Creek South appears to form a halo across and surrounding the anomalous antimony that is closely spatially associated with vein-style quartz-carbonate-stibnite mineralisation (Figure 2). Multiple arsenic anomalies remain open at the edges of the current coverage at Oaky Creek South between the historical workings and the Oaky Creek South Main Grid and further surface sampling to the east and west of the current coverage may define additional antimony anomalies that would also be potential drill targets. The new results are for approximately 900 additional auger soil samples collected over conventional soil anomalies at Oaky Creek South and Oaky Creek North, more than tripling auger soil coverage from approximately 430 samples, which were reported in November 20253 and earlier this month4 (Figure 1). The comprehensive program has successfully produced multiple drill ready targets for Red Mountain. 1RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267 2RMX ASX Announcement 12 March 2026. https://investorhub.redmountainmining.com.au/announcements/7435807 3RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267 4RMX ASX Announcement 12 March 2026. https://investorhub.redmountainmining.com.au/announcements/7435807 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 3 Figure 1: (A) Overview of auger soil sampling completed over the Oaky Creek antimony prospect relative to initial conventional soil antimony values. (B) Detail over the Oaky Creek North area, with mineralised (>0.5% Sb) rock chip samples, mapped quartz-carbonate- stibnite vein traces and priority targets also shown. (C) Detail over the Oaky Creek South area with mineralised (>0.5% Sb) rock chip samples, mapped quartz-carbonate-stibnite vein traces and priority drill targets are also shown. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 4 Figure 2: Auger antimony (top) and arsenic (bottom) soil results for Oaky Creek South over NSW 5m resolution digital elevation model. The two priority drill targets at Oaky Creek South Main Grid (see Figure 3 for more detail) and Oaky Creek South Workings are shown on the top figure and open arsenic anomalies are indicated on the lower figure. Mapped quartz-carbonate-stibnite vein traces are also shown. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 5 Additional drill targets confirmed for Oaky Creek North The new auger soil results encompass the remainder of the ~1.5km conventional soil anomaly at Oaky Creek North (Figure 4), including the historical workings and an antimony-bearing creek outcrop (Figure 5). Both prospects feature multiple mineralised (>0.5% Sb) rock chip samples and exposed quartz-carbonate-stibnite veins. The auger soil results show narrow, strong antimony-arsenic anomalies related to the main mapped veins at both prospects (Figure 5), with peak values of 3,011ppm Sb and 859ppm As immediately adjacent to the creek outcrop and 525ppm Sb and 166ppm As at the Oaky Creek South workings (Appendix 1). Initial auger soil results from the southern end of the conventional soil anomaly at Oaky Creek North, reported earlier in the month4 , returned multiple anomalous values of up to 137ppm Sb and 334ppm As (Figure 4), defining a coherent NNW-trending antimony auger soil anomaly that broadly correlates with the earlier conventional soil results and the distribution of mineralised stibnite-bearing rock chip samples (refer to Figure 1). The auger soil antimony-arsenic anomalies at the creek outcrop and the Oaky Creek North Workings both extend over a strike extent of 100-200m, indicating potential for a significant antimony-bearing orogenic vein system. Both targets, as well as the previously defined “Oaky Creek N South Extension” target at the southern end of the conventional soil anomaly, represent priority targets for drill-testing planned for the upcoming quarter. Oaky Creek represents a significant 3km long orogenic antimony system with multiple drill-ready targets The Company’s initial sampling program at Oaky Creek comprised a 50m x 100m spaced grid soil sampling program centered on a major splay of the Namoi Fault, accompanied by rock chip sampling. As initially reported in June 20255 , the soil sampling defines a coherent, ~1.5km long, 100-200m wide, NNW-trending >2ppm Sb in soil anomaly extending both north and south of the historical workings at Oaky Creek North and a similarly-oriented ~1km long >2ppm Sb in soil anomaly extending north from the Oaky Creek South workings. 5RMX ASX Announcement 7 June 2025. https://investorhub.redmountainmining.com.au/announcements/6998482 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 6 Figure 3: Auger antimony (top) and arsenic (bottom) soil results for the Oaky Creek South Main Grid. The locations of mapped quartz- carbonate-stibnite vein traces and mineralised (>0.5% Sb) rock chip samples are also shown. Both the arsenic and antimony soil anomaly remain open to the northeast, as indicated by the arrows. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 7 Figure 4: Auger antimony (left) and arsenic (right) soil results for Oaky Creek North over NSW 5m resolution digital elevation model. Mapped quartz-carbonate-stibnite vein traces are also shown. For further detail of the new results refer to Figure 5. Figure 5: Newly received auger antimony (left) and arsenic (right) soil results for Oaky Creek North over the historical workings and antimony-bearing creek exposure. Mapped quartz-carbonate-stibnite vein traces are also shown. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 8 Sampling campaigns at Oaky Creek67 , returned multiple rock chip samples8, 9, 10 with values of over 25% Sb and 0.1g/t Au for five different areas, with mineralised and anomalous rock samples showing a strong spatial correlation to the antimony soil anomaly (Figure 1). When considered collectively, the soil and rock chip results indicate a significant orogenic antimony mineral system with a strike extent of 3km, which is analogous to Larvotto Resources’ (ASX: LRV; Market Cap. ~AU$515 million) Hillgrove Project, which lies east of Red Mountain’s project area. Red Mountain’s ~1,300 sample infill auger soil sampling campaign across the full ~3km strike extent of the Oaky Creek prospect (Figure 1) was completed across the past two quarters to tighten the Company’s existing 100m x 50m spaced soil grid in order to better constrain individual high priority drill targets. This detailed systematic work has allowed the Company to define five high priority orogenic antimony target regions at the prospect, for drill testing at Oaky Creek next quarter. Red Mountain Armidale Antimony-Gold Project background Red Mountain’s 100%-owned Armidale Antimony-Gold Project lies in the Southern New England Orogen (SNEO) in northeastern New South Wales, west of Australia’s largest known antimony deposit, Larvotto’s (ASX: LRV) Hillgrove deposit, which is also the 8th largest antimony deposit globally. The SNEO is recognised as Australia’s premier Antimony province (Figure 6). Antimony occurs in hydrothermal quartz veins, breccias and stockworks, often with associated gold and/or tungsten mineralisation. Red Mountain’s Armidale Antimony-Gold Project has an extensive 85km length along the western side of the Peel Fault. The geology of the project area is dominated by isoclinally folded Carboniferous metasediments of the Tamworth Belt, which is a forearc basinal package related to west-dipping subduction of oceanic crust beneath the Lachlan Orogen. Ultramafic mélanges of the Great Serpentinite Belt, which outcrop along the Peel Fault, are considered to be remnants of this oceanic crust. The Peel Fault System has recognised world-class mineral potential, with over 400 known orogenic gold and base metal mineral occurrences along its over 400km strike extent, but is 6RMX ASX Announcement 27 June 2025. https://investorhub.redmountainmining.com.au/announcements/7026204 7RMX ASX Announcement 11 July 2025. https://investorhub.redmountainmining.com.au/announcements/7050680 8RMX ASX Announcement 2 October 2025. https://investorhub.redmountainmining.com.au/announcements/7181513 9RMX ASX Announcement 15 January 2026. https://investorhub.redmountainmining.com.au/announcements/7325282 10RMX ASX Announcement 12 March 2026. https://investorhub.redmountainmining.com.au/announcements/7435807 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 9 underexplored, with less than 200 mostly shallow drillholes over its length, the majority of which are focused on discrete prospects. Oaky Creek is the company’s highest priority prospect within the project and is one of several known orogenic gold and antimony mineral occurrences within the tenement (Figure 7). Figure 6: Location of LRV’s Hillgrove Mine and other Known NSW gold and antimony mineral occurrences relative to Red Mountain’s Armidale Antimony-Gold Project and NSW basement orogenic units. The map clearly demonstrates the prospectivity of the New England Orogen for antimony and gold. The location the Peel Fault is also shown. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 10 Figure 7: Geological Survey of NSW total magnetic intensity reduced to pole (TMI RTP) imagery and location of gold and antimony mineral occurrences within and near to EL9732, summarising highlights of RMX’s exploration to date and the location of the Company’s Oaky Creek and East Hills antimony prospects, Horsley Station gold prospect and Horsley North magnetic target. The mapped location of the Peel Fault is also shown. Authorised for and on behalf of the Board, Mauro Piccini Company Secretary RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 11 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. Forward–Looking Statements Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Red Mountain operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward- looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Red Mountain’s control. About Red Mountain Mining Red Mountain Mining Ltd (ASX: RMX, US CODE: RMXFF) is a Critical Minerals and Gold developer focussed on accelerating its United States and Australia based Projects, located in Tier-1 Mining Districts. Red Mountain is fast-tracking its Critical Minerals projects in the US and Australia, Board and Management is determined to rapidly define a portfolio of advanced projects to assist the United States and other 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 multiple high-grade antimony rock chip samples to date (up to 39.3% Sb); and its US Critical Minerals Portfolio. comprising the Utah Antimony Project in the highly prospective Coyote Canyon Mining District of Utah, adjacent to the Antimony Canyon Project (owned by ASX: AT4); the Thompson Falls Antimony Project with initial rock chip results of up to 36.5% Sb at historical mines located near the NYSE: UAMY Antimony Smelter, and Idaho Antimony Projects which include Silver Dollar historical antimony mine, with reported historical production at a grade of 17.7% Sb. 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. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 12 JOIN THE RED MOUNTAIN MINING INVESTOR HUB Visit https://investorhub.redmountainmining.com.au for access to the Investor Hub RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 13 Appendix 1: Oaky Creek auger soil sampling results Sample details and analytical results for selected elements for auger soil samples from Oaky Creek. Analyses of >100ppm Sb, >100ppm As, >5ppb Au and >0.5ppm Ag are highlighted. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 14 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 15 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 16 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 17 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 18 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 19 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 20 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 21 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 22 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 23 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 24 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 25 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 commodities or mineralisation types (eg submarine • Auger samples were collected at 10/20m sample spacings along traverses at 20/40/50m line spacing with closer intervals around mineralised rock sites. • Auger samples are generally around 1kg raw samples taken from the C Horizon. • All samples are exploration in nature and not for resource determination. • Auger samples were sent to Intertek Townsville laboratory for sample preparation before being shipped to the Perth Laboratory. Auger samples were treated in an Aqua Regia AAR25MS52 package for a 52-element suite. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 26 Criteria JORC Code explanation Commentary 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 and auger sampling will not be used for resource estimation. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 27 Criteria JORC Code explanation Commentary 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 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. • Auger samples were taken from designated grid sites based on the preliminary soil assay results and areas where rock chip sampling produced anomalous Sb assays. Gaps in the systematic sampling occurred when designated samples fell in a creek or massive outcrop. • Standards (CRM), blanks and repeats were inserted every 100 sites on rotation with a check sample at approximately one in every 33 samples. • Standard (CRM), Blank and Repeat assays were checked and found to be within acceptable tolerance errors. • Augers consisted of approximately 1kg of raw material, generally in the residual saprolitic clays. Sample size was considered appropriate for defining the areas of mineralisation. 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 • Auger samples were treated at Intertek and with standard procedure of drying, crushing, pulverizing (in Nickel crucible for rock samples) with splits taken 25g charge for Aqua Regia digestion and an ICP-MS finish. • Duplicates, blanks and standards (CRM) were inserted and found to be within acceptable tolerance levels, one standard deviation. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 28 Criteria JORC Code explanation Commentary 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. 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) protocols. • Discuss any adjustment to assay data. • No drill holes reported. • Assays reported have not been adjusted. • In the field, data points and details were stored electronically on a tablet with appropriated software which was downloaded to a laptop daily. The laptop had the preplanned sites with satellite imagery as a check for location. 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. • All sampling was recorded by a Tablet GPS in GDA94 (z56). • No mineral resource estimation is being conducted. 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 • Sample spacing is considered appropriate for follow-up sampling aimed at delineating drill targets. • Samples, being exploration in nature and weathered material, are not RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 29 Criteria JORC Code explanation Commentary continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. considered sufficient for any ore resource determinations. • No analytical compositing is being reported. 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. • The only sampling bias was increased sample density around known areas of mineralisation to better define target areas for drilling. • No drilling conducted. Sample security • The measures taken to ensure sample security. • Samples storage was managed by field staff, individually double wrapped and sealed in a 1-ton bulka bag which was dropped off to a freight forwarding yard. No damage was reported to the bulka bag or its seal during transport to the laboratory. Audits or reviews • The results of any audits or reviews of sampling techniques and data. • No audit or reviews of sampling techniques and data was reported. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 30 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 Exploration licence EL9732 is granted and 100% wholly owned by Red Mountain Mining and covers 391km2 . • The licence is in its second year of grant and has no conflicts environmentally or with. Native with the relevant claimant holders. The licence covers freehold land with Land Access agreement struck with local owners using standard AMEC terms. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • The north-south elongate corridor covered by the project contains no historical mineral exploration drilling and has seen limited previous surface exploration for Antimony and Gold mineralisation. No soil sampling for these elements has been undertaken and rock chip and stream sediment coverage is limited, leaving the majority of the tenement untested by systematic exploration and therefore is considered having significant potential for discovery. A number of historical prospector workings for antimony and gold have been reported within the licence Geology • Deposit type, geological setting and style of mineralisation. • The project is located in the Southern New England Orogen. The geology of the tenement is dominated by isoclinally folded Carboniferous metasediments of the Tamworth Belt which is a forearc basinal package related to west-dipping subduction of oceanic crust beneath the Lachlan Orogen. Ultramafic melanges of the Great Serpentinite Belt, which outcrop RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 31 Criteria JORC Code explanation Commentary along the Peel Fault, are considered to be remnants of this oceanic crust. • The style of mineralisation target is hydrothermal quartz veins, breccia and stockworks derived from fluids during regional compression and resulting faulting providing the conduits to the fluids. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the re