Announcement PDF ASX: RMX investorhub.redmountainmining.com.au info@redmountainmining.com.au Red Mountain Mining Ltd ACN 119 568 106 ADDITIONAL STRONG ASSAYS RESULTS EXTEND HIGH-GRADE ANTIMONY MINERALISATION AT OAKY CREEK HIGHLIGHTS: • Red Mountain has confirmed the presence of multiple drill-ready Antimony targets at the Oaky Creek Prospect following the second batch of analytical results from its comprehensive auger soil sampling program at the Armidale Antimony-Gold Project • Newly discovered stibnite vein rock samples return up to an exceptionally high grade of 28.1% Sb. The new samples collected ~600m NNW of the Oaky Creek South workings, highlight the potential for a new extension to the current mineralised system at Oaky Creek • Conventional and auger soil sampling and rock analytical results of up to 39.3% Sb and 1.09ppm Au for Oaky Creek indicate the potential of a large-scale orogenic Antimony-gold vein system with a strike extent of ~3km at surface, which is analogous to Larvotto Resources’ Hillgrove project, Australia’s largest known Antimony deposit • Previously identified 200m x 30m Antimony-arsenic anomaly near the Oaky Creek South Main Grid has been extended by a further 30% and remains open to the northeast, with values of up to 251ppm Sb and 1,443ppm As returned • Soil sampling from southern end of Oaky Creek North has further supported the NNW- trending Antimony anomaly, with values of up to 137ppm Sb and 334ppm As. Aligning with previously identified conventional soil anomaly and mineralised stibnite-bearing rock sampling, providing further evidence for widespread antimony mineralisation at Oaky Creek • Results for approximately 900 further auger soil samples collected during January and February are pending and expected to be received before the end of March. These samples will expand auger coverage at both Oaky Creek North and Oaky Creek South, including the newly collected anomalous rock sample, and will be used in conjunction with existing datasets to refine multiple orogenic Antimony vein targets ahead of planned drill-testing • Further assays pending for Thompson Falls Antimony Project in the US following recently announced initial high-grade Antimony results 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 that it has received continued strong assay ASX Announcement 12 March 2026 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 2 results from the second tranche of assays for its auger soil sampling program at the Oaky Creek prospect at the Company’s 100% owned Armidale Antimony-Gold project in New South Wales. Assay results from the January-February field program across Oaky Creek North and Oaky Creek South have reported numerous highly anomalous samples including a stibnite vein sample collected ~600m NNW of the Oaky Creek South workings returning 28.1% Sb. 42 rock samples now exceed 0.5% Sb at Oaky Creek, further supporting the presence of widespread antimony mineralisation across the Oaky Creek Prospect and potentially indicating an extension to the Oaky Creek South mineralised system (see below). Results for approximately 900 further auger soil samples collected during January and February remain pending, with assays expected before the end of March. These results will significantly expand coverage at both Oaky Creek North and Oaky Creek South (Figure 1) and will be used in conjunction with datasets for additional expected orogenic antimony vein targets ahead of planned drill testing in Q2 2026. New Auger Assay Results Extend Antimony-Arsenic Anomaly at Oaky Creek South As was reported in November 20251 , initial auger sampling at the Oaky South Main Grid, located approximately 400m north-northwest of the small historical pits and shafts at Oaky Creek South, defined a coherent NE-striking ~200m x 30m Sb-As anomaly that remained open to the northeast. Newly received results from sampling completed in late 2025 returned values of up to 251ppm Sb and 1,443ppm As (Appendix 1) and extend this anomaly ~60m further to the northeast (Figure 2). The anomaly remains open in that direction, with analytical results for sampling completed in January and February 2026 pending and represents a priority target for planned drill testing in Q2 2026. The new results comprise approximately 180 auger soil samples collected over conventional soil anomalies at Oaky Creek South and Oaky Creek North, expanding coverage from the initial ~250 auger samples collected at Oaky Creek South in November 20252 (Figure 1). 1RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267 2RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267 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 and mapped vein traces also shown. (C) Detail over the Oaky Creek South area with mineralised (>0.5% Sb) rock chip samples and mapped vein traces also shown. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 4 Initial Auger results from Oaky Creek North Confirm prospectivity The new auger soil results also include initial assays from the southern end of the Oaky Creek North conventional soil anomaly. These samples returned multiple anomalous values of up to 137ppm Sb and 334ppm As (Appendix 1), defining a coherent NNW-trending antimony auger soil anomaly that correlates with the previously reported conventional soil anomaly (Figure 3) and the distribution of mineralised stibnite-bearing rock chip samples (Figure 1). Pending results from additional auger sampling completed in January and February will allow Red Mountain to refine drill targets at Oaky Creek North ahead of planned drilling in Q2 2026. Figure 2: Auger antimony (left) and arsenic (right) soil results for the Oaky South Main grid, relative to the conventional soil sample Sb anomaly shown in Figure 1. The locations of the newly-received strongly mineralised (28.1% Sb) rock chip sample and mapped quartz±carbonate±sulfide vein traces are also shown. The fault shown in green is interpreted from the offset in the veining and antimony anomaly and the apparent truncation of the arsenic anomaly. New rock assays indicate potential for extensions to mineralisation at Oaky Creek South Results have also been received for 21 rock chip samples collected during Red Mountain’s January- February field campaign at Oaky Creek. Samples were analysed at Intertek’s Townsville laboratory for Sb, Ag, As and W using sodium peroxide fusion and ICP-MS finish, and for Au using a 50g fire assay charge and ICP-OES finish. Sample locations and analytical results are listed in Appendix 2. As can be seen in Appendix 2, two samples from the most recent assays returned strongly anomalous antimony results and were both collected from the Oaky Creek South area (Figure 4). RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 5 Figure 3: Auger antimony (left) and arsenic (right) soil results for initial results received for Oaky Creek North, relative to the conventional soil sample Sb anomaly shown in Figure 1. The locations of mapped quartz±carbonate±sulfide vein traces are also shown. Sample AAR283 is a quartz-carbonate-stibnite vein sample collected ~150m north of the nearest known outcropping antimony mineralization at Oaky Creek South. The sample returned 28.1% Sb, which is comparable to other high-grade samples from the area. This high-grade result indicates that antimony vein mineralisation extends further north than previously recognised at Oaky Creek South. The area surrounding this sample has been auger sampled (refer to Figure 1 (C) and Figure 2), with assay results expected later in the month. These results will support the continued development of drill targets by determining the potential for significant antimony mineralisation being associated with outcropping stibnite vein occurrences. Sample AAR286 is an outcropping sample of quartz-veined, limonitic carbonate breccia that was collected from the wall of a shallow pit located ~230m northeast of the main cluster of historical workings at Oaky Creek South (Figure 4), approximately along strike of the quartz±carbonate±sulfide veins that host antimony mineralisation within the workings. The sample contains 0.4% Sb, which indicates that it may represent an extension of the mineralisation 230m to the southwest. Further mapping will be undertaken to confirm this. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 6 Figure 4: Location of newly received anomalous antimony rock chip results received for Oaky Creek South relative to the conventional soil antimony anomaly, and the locations of previously received mineralised (>0.5% Sb) rock chip samples, historical pits and quartz±carbonate±sulfide veins. Red Mountain’s geochemical sampling has defined a significant 3km long orogenic Sb- Au system at Oaky Creek The Oaky Creek prospect features quartz-carbonate-stibnite veins and breccias hosted within a tightly folded and faulted sequence of mudstone, siltstone and fine sandstone. The mineralisation has been targeted by two groups of shallow historical pits and shafts at Oaky Creek North and Oaky Creek South. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 7 The Company’s initial sampling program at Oaky Creek comprised a 50m x 100m spaced grid soil sampling program centered on a major area of the Namoi Fault, accompanied by rock chip sampling. As reported3 , 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 (Figure 5). Sampling campaigns at Oaky Creek4,5 returned multiple samples6,7 with values of over 25% Sb and 0.1g.t Au at five different areas, with mineralised and anomalous rock samples showing a strong spatial correlation to the antimony soil anomaly (Figure 5). 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$720 million) Hillgrove Project, which lies east of Red Mountain’s project area. Final Auger Assay Results Pending Ahead of Priority Drill Targets Definition Over the past two quarters, Red Mountain has completed a comprehensive ~1300 sample infill auger soil sampling campaign across the full ~3km strike extent of the Oaky Creek prospect (Figure 1). Following positive results from initial auger sampling at Oaky Creek South8 , which demonstrated the effectiveness of the technique as a prospect-scale tool for targeting antimony mineralisation, a more comprehensive 50m x 20m and 20m x 20m spaced sampling program was completed to tighten Red Mountain’s existing 100m x 50m spaced soil grid in order to better constrain individual high priority drill targets. This detailed systematic work will allow the company to confidently select the most prospective targets within the 3km strike extent system for drill testing, maximising the chances of positive results and delineating the mineralisation at Oaky Creek. 3RMX ASX Announcement 7 June 2025. https://investorhub.redmountainmining.com.au/announcements/6998482 4 RMX ASX Announcement 27 June 2025. https://investorhub.redmountainmining.com.au/announcements/7026204 5RMX ASX Announcement 11 July 2025. https://investorhub.redmountainmining.com.au/announcements/7050680 6RMX ASX Announcement 2 October 2025. https://investorhub.redmountainmining.com.au/announcements/7181513 7RMX ASX Announcement 15 January 2026. https://investorhub.redmountainmining.com.au/announcements/7325282 8RMX ASX Announcement 27 November 2025. https://investorhub.redmountainmining.com.au/announcements/7282267 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 8 Final analytical results are pending for approximately 900 of the auger samples that were collected in January and February 2026. These results are expected to be received before the end of this month. Red Mountain anticipates that the results will support the definition of multiple orogenic antimony targets for drill testing at Oaky Creek during the second quarter of 2026. Figure 5: Summary of antimony rock chip and soil results for the Oaky Creek prospect, with peak rock chip values for antimony and gold listed for the five main mineralised areas. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 9 Red Mountain Armidale Antimony-Gold Project background RMX’s 100%-owned Armidale Antimony-Gold Project covers an extensive claim area across 391km2 in the Southern New England Orogen (SNEO) in northeastern New South Wales. The project is located 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. The project has an extensive 85km length along the western side of the Peel Fault. 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 underexplored, with less than 200 mostly shallow drillholes over its length, the majority of which are focused on discrete prospects. 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 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). At the Armidale Antimony-Gold Project, there remains significant further potential across the tenure for additional discovery as most of the tenure consists of historically reported mineralisation and is highly conducive for modern exploration. 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. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 11 Authorised for and on behalf of the Board, Mauro Piccini Company Secretary 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 exploration and development company 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, 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. comprising the Utah Antimony Project in the highly prospective Antimony Mining District of Utah, adjacent to Antimony Canyon Project (owned by ASX: AT4); the Thompson Falls Antimony Project with initial grades of up to 36.5% antimony at Historic Mines located near the NYSE: UAMY Antimony Smelter, and Idaho Projects; less than 2km and in the Yellow Pine region next to Perpetua’s Stibnite Project (NASDAQ: PPTA) and; the Silver Dollar Historic Antimony Mine reporting up to 17.7% Sb. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 12 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. 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 and >5ppb Au 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 Appendix 2: Oaky Creek Rock Assays Sample details and analytical results for rock chip samples from Oaky Creek. Analyses of >1,000ppm Sb and As are highlighted. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 17 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 nodules) may warrant disclosure of detailed information. • Rock samples were collected from 1kg grab samples. • Rock chip samples were selective based on visual appearance and are not used for resource determination, only to check if mineralisation is present. • All samples are exploration in nature and not for resource determination. • Rock & auger were sent to Intertek Townsville laboratory with the auger prepped in Townsville before being forwarded on to the Perth Laboratory. • Rock samples were assayed by sodium peroxide fusion FP6/OM for Sb, Ag, As and W with an ICP_MS finish, Au was analysed by 50g lead fire assay with an ICP-OES finish (FA50/OEO2) where rock samples were analysed at the Townsville facility. • Auger samples were treated by Aqua regia digest with a 25g charge and assayed by ICP-MS for a 52-element suite. • All auger samples were collected on 10/20m spaced grids or single traverses at 25m. • Auger samples targeted the C soil horizon usually at 30-70cm depth. 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, • No drilling reported RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 18 Criteria JORC Code explanation Commentary etc). 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. 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 • Rock chip sampling was biased towards outcrop/subcrop or float that was altered or appeared mineralised. • Rock grab samples were taken raw and weighed approximately 1kg each. • Grab rock samples are a first pass method with size appropriate for initial work and not intended for grade purposes. • Auger samples were generally 500- 1000g in size and taken raw. • Auger and soil samples were taken on a predetermined grid basis to ensure representivity across a defined zone. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 19 Criteria JORC Code explanation Commentary the grain size of the material being sampled. • All sample sizes collected are considered appropriate for the techniques and mineralisation targeted. 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. • Rocks were treated at Intertek and with standard procedure of drying, crushing and, pulverizing (in Nickel crucibles) then sodium peroxide fused and finished with ICP-MS. • Sodium Peroxide fusion is considered an appropriate method for antimony. • Assay techniques used are considered appropriate for the style of mineralisation targeted. • No geophysical or pXRF tools used. • For the auger, duplicates and standards were used at every 50 samples which provide acceptable levels of accuracy on the basis on previous QA & QC done. 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. 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 • All sample sites were located by GPS navigation to predetermined sites with site locations recorded in GDA94 (z56). • No mineral resource estimation has been conducted. RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU 20 Criteria JORC Code explanation Commentary control. 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 available outcrop which was limited away from incised creek exposures. • The sample spacing is considered appropriate for a detailed sampling programme. • Being exploration, any sample results will not be considered sufficient for any ore determinations. • No analytical compositing has been 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. • Rock samples were collected along outcrop with strike and dip recorded where available. Float samples taken on or in the soils profile were labelled as such and could be either residual or transported. • No drilling conducted Sample security • The measures taken to ensure sample security. • Samples were managed by field staff, individually double wrapped and sealed and sealed in a 1-ton bulka bag which was dropped off in a freight forwarding yard on a pallet. Samples arrived at the laboratory with seals intact. 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 21 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 predominantly in Freehold pastoral properties and as such Native Title is extinguished. 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 systematic soil sampling for these elements has been undertaken and rockchip and stream sediment coverage is limited, leaving the majority of the tenement untested and therefore is considered having significant potential for discovery. • Icon Resources Ltd conducted exploration over their Dunmore target, Baldwin project EL6682 in 2008, data taken from the open file reports at NSW Resources. Geology • Deposit type, geological setting and style of mineralisation. • The project is located in the Southern