RED MOUNTAIN MINING LIMITED - Capital/Financing Update 2014

ASX ANNOUNCEMENT RED MOUNTAIN MINING LTD (ASX:RMX) 21 March 2014

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DRILLING DEFINES HIGH GRADE SOUTH WEST BRECCIA EXTENSION

Potential addition to the high-grade South West Breccia resource
Drilling now testing entire lode corridor from Japanese Tunnel to Trench 13 and beyond

Perth-based Red Mountain Mining is pleased to announce that drilling and previous trenching has defined an extension to the high-grade South West Breccia (SWB) mineralised zone on its Lobo mining permit (MPSA) within the Philippines based Batangas Gold Project ( Project ).

The SWB extension will be incorporated into a new Mineral Resource estimate for SWB (in accordance with JORC 2012), potentially adding at surface gold mineral resources to the mining inventory available for the proposed gold mining and processing development, the subject of the Scoping Study released 20 March 2014.

Cautionary Statement

The Scoping Study referred to in this announcement is based on lower-level technical and economic assessments, and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the Scoping Study will be realised. There is a low level of geological confidence associated with inferred mineral resources (that represent 10% of the mining inventory in the Scoping Study) and there is no certainly that further exploration work will result in the determination of indicated mineral resources or that the production target itself will be realised. There is no certainty that the Scoping Study production targets or the forecast financial information derived from production targets, will be realised. All material assumptions underpinning the production targets and forecast financial information derived from the production targets, full details of which were released to ASX on 20 March 2014, continue to apply and have not materially changed.

A total of 14, shallow, triple-tubed diamond drill holes have now been completed during Phase 1 of the Company’s ongoing exploration drilling program, totaling 568 metres to date (see Figure 1 for locations).

Eight holes were completed at the SWB extension, with results including LB 93-14: 3.95m @ 4.6 g/t gold (Au) from surface including 0.75m @ 15.8 g/t Au and 0.5m @ 7.16 g/t Au, 15.3 g/t silver (Ag).

A high grade, outcropping, “wedge” of lode gold mineralisation, offset from the main SWB shoot (Indicated and Inferred Mineral Resource 194,000t @ 7.2 g/t Au, JORC 2004) has now been defined at the SWB extension. Other results from this high grade wedge include Trench 19: 8.35m @ 18.3 g/t Au, and Trench 21: 6.0m @ 31.2 g/t Au and 1.75m @ 41 g/t Au (ASX release 12 February 2014), and LB 92-14: 1.5m @ 8.1 g/t Au including 0.5m @ 12 g/t Au (ASX release 25 February 2014), see Figure 2 cross section 10110N.

Red Mountain Managing Director Jon Dugdale said, “The key to the Batangas Project is that we have already demonstrated a low cost, early payback, gold project based on existing resources only. So any further resource upgrades, particularly high-grade at surface, may improve the potential financial outcomes of the Project.”

ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]

Table 1: South West Breccia extended drilling locations and results with significant intersections:

Table	1:South	West Br	eccia ex	tended	drilling	locations	and resu	lts with s	ignifican	t inters	ections:
Drillhole	North (Grid)	East (Grid)	Dip	Azi Mag	Dpth	From m	To m	Lngth m	Aug/t	Ag g/t	Cu %	Description
LB 92-14	10,111	10,035	-45°	143°	61.5	0.0	0.8	0.8	2.03	3.3	0.03	Colluvium
LB 92-14						5.25	6.75	1.5	8.1	5.8	0.07	Q-Ba-S-Lode
Including						5.75	6.25	0.5	12.0	3.2	0.03	Q-Ba-S-Lode
LB 93-14	10,111	10,035	-88°	143°	27.4	0.0	3.95	3.95	4.60	4.5	0.17	Coll - lode
Including						0.0	0.75	0.75	15.76	2.7	0.03	Colluvium
Including						3.45	3.95	0.5	7.16	15.3	1.10	Q-Ba-S Lode
LB 94-14	10120	10033	-45°	145°	42.25	0.0	1.65	1.65	0.74	0.53	0.01	Colluvium
						20.6	22.45	1.85	3.49	0.15	0.02	Breccia dyke
LB 95-14	10112	10016	-46°	145°	30.0	14.9	15.65	0.75	1.98	1.3	0.02	Lode/Breccia
LB 96-14	10134	10042	-45°	144°	30.0	7.65	9.65	2.0	1.25	1.85	0.04	Q-Ba-S Lode
LB 97-14						10.8	12.75	1.95	0.38	2.45	0.05	Colluvium
LB 98-14	10133	10034	-55°	145°	30.0	0.0	1.2	1.2	4.65	0.85	0.02	Breccia
	10100	10030	-45°	144°	49.4	23.65	24.25	0.6	1.27	1.90	0.06	Breccia

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Figure 1: Inset Plan of South West Breccia Extended with offset wedge of Lode and latest drilling

CONTACT DETAILS Michael Wolley RED MOUNTAIN MINING LTD Non-Executive Director Head Office Shannon Coates Unit 1, 2 Richardson Street Company Secretary West Perth Western Australia 6005 www.redmm.com.au [email protected]

ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

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Figure 2: Cross Section Through South West Breccia Extended, with latest drilling results

Drilling has now commenced testing the entire SWB lode corridor from Japanese Tunnel to where the lode passes under shallow, younger, limestone southwest of Trench 13 (2.6m @ 28.6 g/t Au, released to ASX 7 January 2014). Planned drillhole pierce points are shown on longitudinal projection (see Figure 3) .

Initial results from soil sampling in progress to the southwest of Trench 13 are encouraging and indicate an anomalous trend, partly over younger limestone, extending towards previous high grade surface float sample results at Signal prospect including 72.6 g/t Au and 42.6 g/t Au (see Figure 4 ). Further soil sampling and trenching will be carried out in this area that could potentially extend the target corridor to over 1.6km.

Red Mountain Managing Director Jon Dugdale said “We will continue drilling southwest extensions to the structure from Japanese Tunnel to the overlying limestone contact, and potentially beyond, with the objective of locating and defining other high-grade shoots of gold mineralisation.”

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Figure 3: Longitudinal Projection, South West Breccia lode corridor, with proposed drilling

*Note: Tr 7 result released 6/11/2013, Tr 13 result released 7/1/2014 and Tr 21 result released 12/2/2014 Other results received prior to June 2013.

About the Lobo Project

Surface trench channel sampling and drilling conducted by the Company has intersected high-grade epithermal gold mineralisation in five areas on the Lobo Mineral Production Sharing Agreement (“MPSA” – Philippines equivalent to a Mining Lease), namely SWB, Pica, Japanese Tunnel, West Drift and Ulupong (see Figure 4 below).

Mineral Resources have been defined for the SWB shoot, totaling Indicated and Inferred 194,000t @ 7.2 g/t gold for 45,000 ounces of gold. This includes an Indicated Resource of 178,000t @ 7.4 g/t Au for 42,000 oz Au and an Inferred Resource of 16,000 t @ 5.3 g/t Au for 3,000 oz Au (30 January 2013, JORC 2004).

The Company is focussed on increasing high grade mineral resources through discovery of new, high grade, gold zones at Lobo. Drilling has commenced testing under recent, exceptionally high-grade gold trenching results from within the 500m long South West Breccia Lode south corridor on the Lobo MPSA including Trench 7; 2m @ 31.1 g/t Au, Trench 13; 2.6m @ 28.6 g/t Au (ASX release 7 January 2014, see Figure 4 below) and Trench 19; 8.35m @ 18.3 g/t Au and Trench 21; 6m @ 31.2 g/t Au (ASX release 12 February 2014).

Exploration Targets have been defined for the Japanese Tunnel and Pica prospects and a continuous program of soil sampling, mapping, surface trenching and now drilling continues with the objective of defining targets for drilling to define additional high-grade Mineral Resources on the Lobo Prospect.

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Figure 4: Plan of Lobo MPSA with epithermal lode structures and Exploration Targets *Note: Tr 7 result released 6/11/2013, Tr 13 result released 7/1/2014 and Tr 21 result released 12/2/2014 Other results received prior to June 2013.

________________ For further information about Red Mountain please visit www.redmm.com.au or contact:

Company Investors Media Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298 026 (+61) 419 217 090 (+61) 8 9226 5668 (+61)8 9226 5668 E : [email protected] E : [email protected]

ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

About Red Mountain Mining Limited and the Batangas Gold Project

Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company which listed on the ASX in September 2011. The Company’s strategy is to unlock the potential of ‘under-developed’ gold and polymetallic projects in the greater Asian region by introducing Australian exploration and mining methods and improving efficiencies to gain significant exploration and production upside.

The Company holds a 100% direct and indirect contractual right interest in tenements in the Philippines that contain significant gold resources. Total Mineral Resources at Batangas, at a 0.85 g/t Au lower cut off, include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of 3.02 million tonnes @ 2.1 g/t Au, 200,000oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au (30 January 2013, JORC 2004).

The Company will continue exploration with the objectives of upgrading Mineral Resources at Batangas.

A Scoping Study (released 20 March 2014) has demonstrated a viable, low capital and operating cost, gold development based on initially mining and processing 90,000oz of gold over 4.5 years. The Company has committed to completing a Definitive Feasibility Study (DFS) by December 2014.

Other gold opportunities will be reviewed on a continuous basis.

Cautionary Statement

Competent Person Statement

The information in this report relating to post 1 December 2013 Exploration Results is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report relating to Mineral Resources and pre December 2013 Exploration Results and Exploration Targets is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and

consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report relating to Mineral Resources was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.

Forward Looking Statements

This announcement contains certain forward looking statements. These forward-looking statements are not historical facts but rather are based on Red Mountain Mining’s current expectations, estimates and projections about the industry in which Red Mountain Mining operates, and beliefs and assumptions regarding Red Mountain Mining’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” “potential” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Red Mountain Mining, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forwardlooking statements. Red Mountain Mining cautions shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Red Mountain Mining only as of the date of this presentation. The forward-looking statements made in this release relate only to events as of the date on which the statements are made. Red Mountain Mining will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

APPENDIX 1: SAMPLING TECHNIQUES AND DATA

Criteria	JORC Code explanation	Commentary
*Sampling*	• Nature and quality of sampling	• Trenches (Costeans) through colluvial
*techniques*	and Assaying	cover excavated to bedrock have been
	• Measures taken to ensure	sampled at the base of the trench in
	sample representivity and the	continuous cut channels with samples
	appropriate calibration of any	aggregated over measured 0.5m to 1.0m
	measurement tools or systems	intervals.
	used.	• Trenching samples obtained from cut
		channels at 0.5m to 1.0m intervals weighing
		less than 3kg were transported to Intertek
		Laboratories in Manila, the Philippines, for
	• Aspects of the determination of	fire assay.
	mineralisation that are	• At least 2kg sample was pulverised and a
	Material to the Public Report.	50 gram charge fire assayed with AAS finish
		for Gold (Au) and a range of 37 elements via
		Multiple determination by ICP-OES
		(following four acid digest
		(HCl/HNO3/HClO4/HF) with volumetric
		finish) assay including Silver (Ag), Copper
		(Cu),Lead(Pb)and Zinc(Zn).
*Drilling*	• Drill type and details	• Diamond core drilling, Triple tube, HQ core
*techniques*		size
*Drill sample*	• Method of recording and assessing	• Core sample recoveries routinely measured
*recovery*	core and chip sample recoveries and	and recorded in spreadsheet database
	results assessed.
	• Measures taken to maximise sample	• Triple tube drilling maximising core
	recovery and ensure representative	recovery. Samples split half core
	nature of the samples.	perpendicular to strike of structures
	• Whether a relationship exists	• Recovery maximised (100%). No boias
	between sample recovery and grade	generated.
	and whether sample bias may have
	occurred due to preferential
	loss/gain of fine/coarse material.
*Logging*	• Whether core and chip samples have	• Logging of geology, alteration and
	been geologically and geotechnically	geotechnical aspects have been recorded in
	logged to a level of detail to support	drilling logs for diamond core drilling.
	appropriate Mineral Resource
	estimation, mining studies and
	metallurgical studies.
	• Whether logging is qualitative or	• Logging is qualitative. All drill core
	quantitative in nature. Core (or	photographed.
	costean, channel, etc) photography.
	• The total length and percentage of	• The entire interval drilled / trenched has
	the relevant intersections logged.	been logged.
*Sub-sampling*	• If core, whether cut or sawn and	• Half core taken, sawn.
*techniques and*	whether quarter, half or all core
*sample*	taken.

Criteria	JORC Code explanation	Commentary
*preparation*	• If non-core, whether riffled, tube	• Non core Trench (Costean) channel samples
	sampled, rotary split, etc and	entire sample aggregated, not riffled or
	whether sampled wet or dry.	split.
	• For all sample types, the nature,	• Aggregated half core . Entire ~2kg sample
	quality and appropriateness of the	pulverised at Laboratory prior to fire assay.
	sample preparation technique.	This is an appropriate sample preparation
	• Quality control procedures adopted	technique that minimises bias.
	for all sub-sampling stages to	• Drilling and Channel sampling orthogonal
	maximise representivity of samples.	to dip and strike of the lode provides
	• Measures taken to ensure that the	continuous sample with even weights that
	sampling is representative of the in	maximises representivity.
	situ material collected, including for	• Field duplicates regularly sampled.
	instance results for field	• Sample sizes at >2kg are well in excess of
	duplicate/second-half sampling.	requirements appropriate to the grain size
	• Whether sample sizes are	of gold that has been shown by
	appropriate to the grain size of the	mineragraphy to be generally less than 50
	material being sampled.	micron.
*Quality of assay*	• The nature, quality and	• Fire assay is appropriate for the nature of
*data and*	appropriateness of the assaying and	the gold mineralisation being assayed.
*laboratory tests*	laboratory procedures used and whether the technique is considered
	partial or total.
	• For geophysical tools,	• No geophysical tools used in generating
	spectrometers, handheld XRF	exploration results.
	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	• Registered standards have been inserted
	adopted (eg standards, blanks,	every 20 samples.
	duplicates, external laboratory	• Levels of accuracy and precision (detection
	checks) and whether acceptable	limit) for gold is + or minus 0.005 ppm gold,
	levels of accuracy (ie lack of bias)	which is well in excess of the precision
	and precision have been established.	required for the level of assays reported.
*Verification of*	• The verification of significant	• Significant intersections reported by field
*sampling and*	intersections by either independent	personnel, verified by competent person.
*assaying*	or alternative company personnel.
	• The use of twinned holes.	• No twinning of drillholes at this stage.
	• Documentation of primary data,	• Primary data logged on paper then data
	data entry procedures, data	entry into database, verified by Chief
	verification, data storage (physical	Geologist and stored in electronic database,
	and electronic) protocols.	regularly backed up. output in spreadsheet
		form. Data is verified and compared with
		standard assays using established company
		protocols.

Criteria	JORC Code explanation	Commentary
	• Discuss any adjustment to assay	• No adjustments have been made to assay
	data.	data.
*Location of data*	• Accuracy and quality of surveys used	• Drillholes and Trenches (Costeans)
*points*	to locate drill holes (collar and	accurately surveyed using Nikon Total
	down-hole surveys), trenches, mine	Station DTM-332 survey equipment.
	workings and other locations used
	in Mineral Resource estimation.	• Drillhole and Trench (Costean) locations
	• Specification of the grid system used.	surveyed in UTM WGS84 51N grid,
		converted to local Lobo grid.
	• Quality and adequacy of	• Topographic surveys were done using the
	topographic control.	Total Station. Control stations were set by
		an independent surveyor (McDonald
		Consultant, Inc.) using 2 DGPS (one as a
		base station for correcting diurnal
		variations) and a total station for where
		they could not survey with GPS under thick
		cover. These were tied to known
		government control stations.
*Data spacing*	• Data spacing for reporting of	• Drilling assayed on no more than 1m
*and distribution*	Exploration Results.	intervals down hole. Drilling testing
	• Whether the data spacing and	Trenches (Costeans) excavated every 10m
	distribution is sufficient to establish	along the strike of identified mineralisation.
	the degree of geological and grade	Data spacing sufficient to establish the
	continuity appropriate for the	degree of geological and grade continuity
	Mineral Resource and Ore Reserve	appropriate for the Mineral Resource and
	estimation procedure(s) and	Ore Reserve estimation procedure(s)
	classifications applied.
	• Whether sample compositing has	• Samples have not been composited.
	been applied.
*Orientation of*	• Whether the orientation of sampling	• Drilling and Trenching (Costeans)
*data in relation*	achieves unbiased sampling of	established orthogonal to the interpreted
*to geological* *structure*	possible structures and the extent to which this is known, considering the deposit type.	strike and dip of the mapped mineralised structures.
	• If the relationship between the	• No sampling bias interpreted.
	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.
*Sample security*	• The measures taken to ensure	• Samples secured by senior personnel on
	sample security.	site and transported directly by company
		vehicle to Intertek Laboratories, Manila, the
		Philippines.
*Audits/Reviews*	• The results of any audits or reviews	• Internal reviews regularly completed but
	of sampling techniques and data.	no external audits carried out to date.

APPENDIX 2: REPORTING OF EXPLORATION RESULTS

Criteria	JORC Code explanation	Commentary
*Mineral tenement*	• Type, reference name/number,	• The Batangas Gold Project comprises 2
*and land tenure*	location and ownership	Mineral Production Sharing Agreements
*status*	including agreements or	(MPSA’s), 8 Exploration Permits (EP’s) and
	material issues with third	four Exploration Permit Applications
	parties such as joint ventures,	(EPA’s).
	partnerships, overriding	• Red Mountain Mining Ltd has a 100%
	royalties, native title interests,	interest in Philippines subsidiary MRL Gold
	historical sites, wilderness or	Inc. which in turn has a 100% direct and
	national park and	contractual right interest in the Batangas
	environmental settings.	gold Project tenements.
		• The Lobo and Archangel MPSA’s contain all
	• The security of the tenure held	identified (JORC 2004) resources.
	at the time of reporting along	Declaration of Mining Feasibility and
	with any known impediments to	Environmental Compliance Certificate will
	obtaining a licence to operate in	be required to be approved by the
	the area.	Philippines Mines and Geosciences Bureau
		of the Department of Energy and Natural
		Resources of the Philippines Government
		before the company has a licence to
		operate.
*Exploration done by*	• Acknowledgment and appraisal	• Previous exploration was conducted by
*other parties*	of exploration by other parties.	Mindoro Resources Ltd including extensive
		drilling, surface geochemistry, geophysics,
		mapping and mineral resource estimation
		toJORC 2004 and NI 43-101 standards.
*Geology*	• Deposit type, geological setting	• The gold mineralisation that is the target of
	and style of mineralisation.	the exploration program is porphyry
		related epithermal gold mineralization
		hosted by intermediate to felsic volcanic
		rocks and intrusions.
		• Two styles of intermediate sulphidation
		epithermal gold mineralisation identified –
		i) andesite hosted stockwork mineralisation
		at e.g. Archangel MPSA and Quartz-Barite-
		Sulphide vein/lode style mineralization at
		e.g. the Lobo MPSA.
*Drill hole*	• A summary of all information	• See Table 1, Drillhole locations, RL, dip and
*Information*	material to the understanding of	azimuth, length.
	the exploration results including	• Also significant intersections, from, to,
	a tabulation of the following	interval, grade for relevant economic
	information for all Material drill	targets gold (Au), Silver (Ag) and copper
	holes:	(Cu).
	`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

Criteria	JORC Code explanation	Commentary
	`o` dip and azimuth of the hole
	`o` down hole length and
	interception depth
	`o` hole length.
*Data aggregation*	• In reporting Exploration Results,	• Exploration results from drilling and trench
*methods*	weighting averaging techniques,	(Costean) sampling have been weighted by
	maximum and/or minimum	interval.
	grade truncations (eg cutting of	• No high-grade cuts have been applied as
	high grades) and cut-off grades	maximum grade (12 g/t Au) is less than
	are usually Material and should	five times the approximate mean grade.
	be stated.
	• Where aggregate intercepts	• Lower cut-off grade of 1 g/t Au has
	incorporate short lengths of	generally been applied to significant
	high grade results and longer	intersections.
	lengths of low grade results, the
	procedure used for such	• Aggregate drilling and trenching intercepts
	aggregation should be stated	do not incorporate longer lengths of low
	and some typical examples of	grade results.
	such aggregations should be
	shown in detail.
	• The assumptions used for any	• No metal equivalent reported.
	reporting of metal equivalent
	values should be clearly stated.
*Relationship*	• These relationships are	• Drilling and trenches (Costeans) have been
*between*	particularly important in the	drilled/excavated and sampled as close to
*mineralisation*	reporting of Exploration Results.	orthogonal to the strike and dip of the lode
*widths and intercept*	• If the geometry of the	structures as possible and, as such, the
*lengths*	mineralisation with respect to	intersection lengths are a close
	the drill hole angle is known, its	approximation of true width.
	nature should be reported.
	• If it is not known and only the
	down hole lengths are reported,
	there should be a clear
	statement to this effect (eg
	‘down hole length, true width
	_not known’). _
*Diagrams*	• Appropriate maps and sections	• See Figures 1 to 4 and Table 1.
	(with scales) and tabulations of
	intercepts should be included for
	any significant discovery being
	reported These should include,
	but not be limited to a plan view
	of drill hole collar locations and
	appropriate sectional views.
*Balanced reporting*	• Where comprehensive reporting	• All significant drilling and trench
	of all Exploration Results is not	exploration results reported
		12

Criteria	JORC Code explanation	Commentary
	practicable, representative
	reporting of both low and high
	grades and/or widths should be
	practiced to avoid misleading
	reporting of Exploration Results.
*Other substantive*	• Other exploration data, if	• Mineragraphy on Trench 7 samples
*exploration data*	meaningful and material, should	indicates that gold is “free” or associated
	be reported including (but not	with sulphide minerals indicating that there
	limited to): geological	is no significant supergene enrichment
	observations; geophysical	• Metallurgical leaching results (release,
	survey results; geochemical	24/01/2014) for drillcore from both South
	survey results; bulk samples –	West Breccia resources on the Lobo
	size and method of treatment;	Prospect and the oxide and transitional
	metallurgical test results; bulk	oxide resources at Kay Tanda on the
	density, groundwater,	Archangel Prospect, indicate that a fine
	geotechnical and rock	grind of the resource material to 37 micron
	characteristics; potential	and 75 micron respectively exhibit high
	deleterious or contaminating	total gold recoveries of up to 97% (48
	substances.	hours leaching).
*Further work*	• The nature and scale of planned	• Drilling to be continued to test identified
	further work (eg tests for lateral	mineralised zones on a 20m x 20m spacing
	extensions or depth extensions	as detailed in the release.
	or large-scale step-out drilling).
	• Diagrams clearly highlighting	• See Figures 1 to 4
	the areas of possible extensions,
	including the main geological
	interpretations and future
	drilling areas, provided this
	information is not commercially
	sensitive.

ASX code: RMX ABN 40 119568106

COMPANY DIRECTORS Neil Warburton Non-Executive Chairman Jon Dugdale Managing Director

CONTACT DETAILS RED MOUNTAIN MINING LTD Head Office Unit 1, 2 Richardson Street West Perth Western Australia 6005 www.redmm.com.au [email protected]

Michael Wolley Non-Executive Director Shannon Coates Company Secretary

AI assistant

RED MOUNTAIN MINING LIMITED Capital/Financing Update 2014

65719_rns_2014-03-20_c217323d-fa29-47ac-ab29-26168daed124.pdf

DRILLING DEFINES HIGH GRADE SOUTH WEST BRECCIA EXTENSION

Cautionary Statement

About the Lobo Project

About Red Mountain Mining Limited and the Batangas Gold Project

Cautionary Statement

Competent Person Statement

Forward Looking Statements

AI assistant

RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2014

65719_rns_2014-03-20_c217323d-fa29-47ac-ab29-26168daed124.pdf

DRILLING DEFINES HIGH GRADE SOUTH WEST BRECCIA EXTENSION

Cautionary Statement

About the Lobo Project

About Red Mountain Mining Limited and the Batangas Gold Project

Cautionary Statement

Competent Person Statement

Forward Looking Statements

More from RED MOUNTAIN MINING LIMITED

RED MOUNTAIN MINING LIMITED Capital/Financing Update 2014