RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2021

Jan 12, 2021

Phase II Drilling to Commence at Maitland South After Final Assays Received From 2020 Drill Program

• Planning underway for second phase of drilling at the priority, high grade Maitland South Prospect
• Final assay results received from November 2020 RC program, with first holes ever drilled at the Second Chance South Prospect delivering results:
  • o MMC010 - 4m @ 1.28g/t Au from 4m
  • o MMC014 - 1m @ 1.41g/t Au From 57m
• Numerous mineralised intercepts received from drilling at the Lenanphyl Prospect
• RMX expects to secure land access at its NSW Koonenberry Project during January 2021, and to commence exploration programme thereafter

Red Mountain Mining Limited (RMX, the Company) (ASX:RMX) is pleased to advise that it has begun planning for the second phase of drilling at its 100% owned Mt Maitland Gold Project. This particular phase of drilling will focus on its high grade Maitland South prospect and is expected to commence in March 2021 once approvals from Department of Mines have been received and necessary heritage clearances have been completed.

In addition, the Company is pleased to report upon the remaining assay results received from the November 2020 drilling program. In total, 1,850m of RC drilling was completed for 27 holes focusing on four primary targets: Maitland South, Lenanphyl, Second Chance South and Jacia. In addition to the previously reported high grade results from the Maitland South Prospect, gold assay results from the Second Chance South Prospect and Lenanphyl have been received, with notable results including:

Second Chance South

• MMC010 - 4m @ 1.28g/t Au from 4m
• MMC014 - 1m @ 1.41g/t Au From 57m

Lenanphyl

• MMC007 – 17m @ 0.43g/t Au from 29m inc. 1m @ 1.83g/t Au from 33m and 1m @ 3.46g/t Au from 41m
• MMC020 - 4m @ 0.87g/t Au from 12m
• MMC006 – 4m @ 0.77g/t Au from 66m
• MMC021 - 8m @ 0.46g/t Au from 32m
• MMC005 – 4m @ 0.42g/t Au from 64m

Maitland South

Planning is currently under way for the second phase of drilling at the priority, high grade Maitland South Prospect. The ~2,000m, ~20 hole RC program is expected to commence in March 2021 once all necessary clearances and approvals have been granted and drill contractors organised. The purpose of phase II drilling is to assess the continuity of the high grade mineralisation both along strike and down dip of existing intercepts, in addition, systematically testing the entire ~500m length of endowed Maitland South Shear Zone.

Figure 1: Maitland South Prospect

Drilling by RMX in November 2020 at the prospect returned significant intercepts from all four holes at the prospect (ASX Announcement "Maiden Drill Program Delivers Significant Gold Intercepts at Maitland" 18th November 2020, results include:

• MMC001 – 7m @ @ 3.3g/t Au from 34m inc. 1m @ 12.7g/t from 37m
• MMC002 – 8m @ 1.7g/t Au from 107m inc. 1m @ 4.8g/t from 107m and 1m @ 7.1g/t from 110m
• MMC003 – 12m @ 0.3g/t Au from 37m
• MMC004 - 17m @ 0.3g/t Au from 56m

Figure 2 & 3: MMC001 & MMC002 X-Sections

These results are in addition to significant historical drilling results (Reported within ASX Announcement: "Red Mountain to Acquire Mt Maitland Gold Project In Prolific WA Gold Region" 6th July 2020):

• MUDC008 13m @ 2.53g/t from 9m inc. 6m @ 6.6g/t from 13m and 1m @ 0.23 g/t from 23m and 1m @ 2.19g/t from 39m
• MTC003 - 14m @ 1.52g/t from 64m inc. 4m @ 3.8g/t from 67m
• MUDC006 - 1m @ 3.61g/t from 45m and 3m @ 1.54g/t from 53m and 3m @ 0.84g/t from 74m and 2m @ 0.71g/t from 89m
• MUDC005 - 1m @ 1.28g/t from 117m and 1m @ 1.4g/t from 131m and 21m @ 0.72g/t from 145m inc. 11m @ 1.01g/t from 151m
• MTC005 10m @ 0.65g/t from 14m inc. 2m @ 1.01g/t from 18m
• MTC002 - 8m @ 0.69g/t from 0m
• MUDC004 -14m @ 0.49g/t from 34m

Assay results from these drilling results demonstrate the thickness of the Maitland South Shear Zone and a high grade component to the zone which eludes to the potential for it to host an economic gold deposit. Mineralisation is currently open at depth below these drill results with the mineralized structure remaining open and untested to the north and south of the current drilling footprint.

Second Chance South

The Second Chance South Prospect is a coincidental geochemical and structural target that had never been tested by drilling. 9 Holes for 531m were drilled at the prospect in the form of two traverses of 25m spaced angled holes to test the two key highly anomalous zones of the target.

Notable assay results received from drilling at the prospect include:

• MMC010 - 4m @ 1.28g/t Au from 4m
• MMC014 - 1m @ 1.41g/t Au From 57m

Fresh rock was intercepted close to surface, with basalts, mafic and ultramafic schist, BIF and a Proterozoic dolerite dyke was intersected within drilling. Mineralisation is associated with quartz veining hosted within sheared zones within this package of rocks. The Company considers these results as particularly pleasing as these drill holes are the first holes drilled at this ~1.1km long geochemical target.

Figure 4: Second Chance South Prospect

The assay results from drilling at Second Chance South are regarded as highly promising as they have validated the use of the historical geochemical data set as an exploration targeting tool. Multiple geochemical targets remain untested at the project as shown in Figure 5 below, these targets will be reviewed for potential upcoming phases of drilling.

Figure 5: Maitland Project – Geochemical Targets Over Magnetics

Lenanphyl

The Lenanphyl Prospect is again characterised by a series of historical shafts, workings and drilling containing significant results. 12 RC holes for 849m were drilled at the prospect.

Significant assay results received from drilling at the prospect include:

• MMC007 – 17m @ 0.43g/t Au from 29m inc. 1m @ 1.83g/t Au from 33m and 1m @ 3.46g/t Au from 41m
• MMC020 - 4m @ 0.87g/t Au from 12m
• MMC006 – 4m @ 0.77g/t Au from 66m
• MMC021 - 8m @ 0.46g/t Au from 32m
• MMC005 – 4m @ 0.42g/t Au from 64m

Drilling intersected a deeply weathered sheared package of intercalated Banded Iron Formation (BIF) and mafic schist. Zones of magnetite-silica alteration were intersected with quartz-carbonate veining bearing disseminated sulphide, mineralisation was observed to be associated with this zone.

Figure 6: Lenanphyl Prospect

Koonenberry Project Update

Concurrent with the upcoming Mt Maitland South second phase drilling, the Company shall initiate a maiden exploration programme at its 100% owned Koonenberry Gold Project in NSW. As announced on 5th January 2021, the Company is finalising execution of land access agreements for all relevant tenements and this is expected to complete during January. Design of the initial exploration programme is underway and the Company will update the market on progress as required.

Authorised for and on behalf of the Board,

Mauro Piccini, Company Secretary

Competent Persons 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) and has been compiled and assessed under the supervision of Mr Oliver Judd. Mr Judd is a Member of the Australasian Institute of Mining and Metallurgy. He 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 Judd consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

Appendix 1. Significant Intersections from Drilling at Mt Maitland

Hole_ID	Prospect			Depth MGA East MGA North RL	Dip	Azi	From	To	Sample Type		Interval (m) Grade Au (g/t)
MMC005	Lenanphyl	109.00	602850	7150719 480 -60.00 270.00			64	68	4m Composite	4	0.42
MMC006	Lenanphyl	109.00	602865	7150683 480 -60.00 270.00			66	70	1m Original	4	0.77
						inc.	68	69	1m Original	1	1.79
MMC007	Lenanphyl	100.00	602846	7150638 480 -60.00 270.00			29	46	1m Original	17	0.43
						inc.	33	34	1m Original	1	1.83
						and	41	42	1m Original	1	3.46
MMC008	Second Chance	59.00	602705	7146353 462 -60.00 270.00			NSR
MMC009	Second Chance	59.00	602730	7146354 462 -60.00 270.00						NSR
MMC010	Second Chance	59.00	602756	7146355 462 -60.00 270.00			4	8	4m Composite	4	1.28
MMC011	Second Chance	59.00	602780	7146354 462 -60.00 270.00			NSR
MMC012	Second Chance	59.00	602951	7146353 463 -60.00 270.00			NSR
MMC013	Second Chance	59.00	602976	7146354 463 -60.00 270.00			NSR
MMC014	Second Chance	59.00	603002	7146355 463 -60.00 270.00			57	58	1m Original	1	1.41
MMC015	Second Chance	59.00	603025	7146354 463 -60.00 270.00			NSR
MMC016	Second Chance	59.00	603051	7146354 463 -60.00 270.00			NSR
MMC017	Lenanphyl	59.00	602675	7151262 480 -60.00 270.00			NSR
MMC018	Lenanphyl	59.00	602699	7151250 480 -60.00 270.00			NSR
MMC019	Lenanphyl	59.00	602724	7151251 480 -60.00 270.00			NSR
MMC020	Lenanphyl	59.00	602748	7151251 480 -60.00 270.00			12	16	4m Composite	4	0.87
MMC021	Lenanphyl	59.00	602773	7151253 480 -60.00 270.00			32	40	4m Composite	8	0.46
MMC022	Lenanphyl	59.00	602798	7151253 480 -60.00 270.00				NSR
MMC023	Lenanphyl	59.00	602824	7151254 480 -60.00 270.00			NSR
MMC024	Lenanphyl	59.00	602849	7151254 480 -60.00 270.00			NSR
MMC025	Lenanphyl	59.00	602873	7151255 480 -60.00 270.00			NSR
MMC026	Jacia	56.00	601097	7148005 467 -60.00 270.00			NSR
MMC027	Jacia	71.00	601125	7148018 468 -60.00 270.00			NSR

Appendix 2. JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Samplingtechniques	•Nature and quality of sampling(e.g. cut channels, random chips,or specific specialised industrystandardmeasurementtools	Reverse Circulation (RC) drilling wasundertaken to produce samples forassaying.
	appropriate to the minerals underinvestigation, such as down holegamma sondes, or handheld XRFinstruments, etc.). These examplesshould not be taken as limiting thebroad meaning of sampling.	Two sampling techniques were utilised forthis program, 1m metre splits directly fromthe rig sampling system each metre and4m composite sampling from spoil pilesthrough unmineralized zones. Samplessubmittedtothelaboratoryweredetermined by the site geologist.
	•Include reference to measures	1m Splits
	takentoensuresamplerepresentivity and the appropriate	Every metre drilled a 2-3kg sample (split)was sub-sampled into a calico bag via a

Criteria	JORC Code explanation	Commentary
	calibration of any measurementtools or systems used.•Aspects of the determination ofmineralisation that are Material tothe Public Report.•In cases where 'industry standard'work has been done this would berelatively simple (e.g. 'reversecirculation drilling was used toobtain 1 m samples from which 3kg was pulverised to produce a 30g charge for fire assay'). In othercases more explanation may berequired, such as where there iscoarse gold that has inherentsamplingproblems.Unusualcommoditiesormineralisationtypes (e.g. submarine nodules)may warrant disclosure of detailedinformation.	Metzke cone splitter from each metre ofdrilling.4m CompositesAll remaining spoil from the samplingsystem was collected in buckets from thesampling system and neatly deposited inrows adjacent to the rig. An aluminiumscoop was used to then sub-sample eachspoil pile to create a 2-3kg 4m compositesample in a calico.Bothtypesof sampleswerethensubmittedtothelaboratoryandpulverised to produce a 30g charge forFire Assay.
Drillingtechniques	•Drilltype(e.g.core,reversecirculation,open-holehammer,rotary air blast, auger, Bangka,sonic, etc.) and details (e.g. corediameter, triple or standard tube,depth of diamond tails, facesampling bit or other type, whethercore is oriented and if so, by whatmethod, etc.).	Drilling method was Reverse Circulation(RC). Bit size was approximately 100mm.Drill West Pty. Ltd. undertook the programutilising a Ausex truck mounted X300 rigwith additional air from an onboardbooster.
Drill samplerecovery	•Method of recording and assessingcore and chip sample recoveriesand results assessed.•Measurestakentomaximisesamplerecoveryandensurerepresentativenatureofthesamples.•Whetherarelationshipexistsbetween sample recovery andgrade and whether sample biasmayhaveoccurredduetopreferential loss/gain of fine/coarsematerial.	Noquantitatedatawascollectedregardingtherecoveryofsample.However standard RC sampling 'bestpractice' procedures were utilised whilstdrilling including suitable usage of dustsuppression, suitable shroud, lifting offbottom between each metre, cleaning ofsampling equipment, ensuring a drysample and suitable supervision by thesupervising geologist to ensure goodsample quality.At this stage of exploration, it is unknownif a bias occurs between sample recoveryand grade.
Logging	•Whether core and chip sampleshavebeengeologicallyandgeotechnically logged to a level ofdetailtosupportappropriateMineralResourceestimation,mining studies and metallurgicalstudies.•Whether logging is qualitative orquantitative in nature. Core (orcostean,channel,etc.)photography.•The total length and percentage ofthe relevant intersections logged.	RC chips were logged by a qualifiedgeologist with sufficient experience in thisgeological terrain and relevant styles ofmineralisation using an industry standardlogging system which could eventually beutilisedwithinaMineralResourceEstimation.Lithology,mineralisation,alteration,veining, weathering and structure were allrecorded digitally.Chips were washed each metre andstored in chip trays for preservation andfuture reference.Logging is qualitative, quantitative orsemi-quantitative in nature.
Sub-samplingtechniquesand samplepreparation	•If core, whether cut or sawn andwhether quarter, half or all coretaken.•If non-core, whether riffled, tubesampled, rotary split, etc. and	Two sampling techniques were utilised forthis program, 1m metre splits directly fromthe rig sampling system each metre and4m composite sampling from spoil pilesthrough unmineralized zones. Samplessubmittedtothelaboratorywere

Criteria	JORC Code explanation	Commentary
	whether sampled wet or dry.	determined by the site geologist.
	•For all sample types, the nature,	1m Splits
	quality and appropriateness of thesample preparation technique.•Quality control procedures adoptedfor all sub-sampling stages tomaximiserepresentivityof	Every metre drilled a 2-3kg sample (split)was sub-sampled into a calico bag via aMetzke cone splitter from each metre ofdrilling. These samples are consideredrepresentative of the material drilled.
	samples.	4m Composites
	•Measures taken to ensure that thesampling is representative of thein-situ material collected, includingforinstanceresultsforfieldduplicate/second-half sampling.•Whethersamplesizesareappropriate to the grain size of thematerial being sampled.	All remaining spoil from the samplingsystem was collected in buckets from thesampling system and neatly deposited inrows adjacent to the rig. An aluminiumscoop was used to then sub-sample eachspoil pile to create a 2-3kg 4m compositesample in a calico. These samples areconsidered to represent an indication ofmineralisation.Ifanindicationofmineralisationisachievedduringassaying, the corresponding 1m splitsamples will be submitted for assay andsupersede the composite sample assayduring reporting.
		Duplicate samples were taken during theprogram at rate of approximately every25th sample. QAQC in the form of certifiedmaterial was inserted into the samplestring approximately every 25th sample.
		SamplesweresubmittedtoALSlaboratories (Perth WA) for a 30g FireAssay with AAS finish (Au-AA25). A 2-3kgsamples is oven dried to 105 degC and isthen pulverised to 85% passing 75um.Standard laboratory QAQC is undertakenand monitored.
Quality ofassay dataandlaboratorytests	•Thenature,qualityandappropriateness of the assayingand laboratory procedures usedand whether the technique isconsidered partial or total.•Forgeophysicaltools,spectrometers,handheldXRFinstruments, etc., the parametersused in determining the analysisincluding instrument make andmodel, reading times, calibrationsfactors applied and their derivation,etc.•Natureofqualitycontrolproceduresadopted(e.g.standards,blanks,duplicates,external laboratory checks) andwhetheracceptablelevelsofaccuracy (i.e. lack of bias) andprecision have been established.	Assay technique is Fire Assay which is a'Total Technique'.Duplicate samples were taken during theprogram at rate of approximately every25th sample. QAQC in the form of certifiedmaterial was inserted into the samplestring approximately every 25th sample.Standard laboratory QAQC is undertakenand monitored by the laboratory and bythe company upon assay result receival.All QAQC is deemed to have passedinternal standards.
Verification ofsampling andassaying	•Theverificationofsignificantintersections by either independentor alternative company personnel.	Logging and sampling were recordeddirectly into a digital logging system,verified and eventually stored in an offsite
	•The use of twinned holes.	database.
	•Documentation of primary data,dataentryprocedures,dataverification, data storage (physicaland electronic) protocols.	No twinning has been undertaken.No adjustments to any assay data havebeen undertaken.
	•Discuss any adjustment to assay

Criteria	JORC Code explanation	Commentary
	data.
Location ofdata points	•Accuracy and quality of surveysused to locate drill holes (collar anddown-holesurveys),trenches,mine workings and other locationsusedinMineralResourceestimation.•Specification of the grid systemused.•Qualityandadequacyoftopographic control.	Collar position was recorded using ahandheld Garmin GPS (+/- 3m).GDA94 Z50s is the grid format for all xyzdata reported.The azimuth and dip of the drill holes wasmeasured prior to commencement ofdrilling by the on-site geologist. No downhole surveying was undertaken.
Data spacinganddistribution	•Data spacing for reporting ofExploration Results.•Whether the data spacinganddistribution is sufficient to establishthe degree of geological and gradecontinuityappropriatefortheMineralResourceandOreReserve estimation procedure(s)and classifications applied.•Whether sample compositing hasbeen applied.	See drill table for hole positions.Data spacing at this stage is not suitablefor Mineral Resource Estimation at thispoint.
Orientation ofdata inrelation togeologicalstructure	•Whethertheorientationofsamplingachievesunbiasedsampling of possible structures andthe extent to which this is known,considering the deposit type.•If the relationship between thedrillingorientationandtheorientationofkeymineralisedstructures is considered to haveintroduced a sampling bias, thisshould be assessed and reported ifmaterial.	Drilling was undertaken at a subperpendicular angle to the interpretedstrikeanddipoftheinterpretedmineralised structures. The lodesareinterpreted as moderately -steeplydipping (~60-90deg) and thus true widthsofmineralisationwillhavetobeextrapolated from any assay results.
Samplesecurity	•The measures taken to ensuresample security.	All samples from collection at rig throughto submission at the laboratory have beenunder the supervision of Red Mountaincontracted personnel or sub-contractorsassociated with the company. All samplesare sealed in polyweave bags and storedin bulka bags for storage and transport.
Audits orreviews	•The results of any audits or reviewsof sampling techniques and data.	The program will be reviewed by seniorcompanypersonnelandassociatedconsulting geologists.

Section 2 Reporting of Exploration Results

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Mineral tenement andland tenure status	•Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.•The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area.	The information in this release relates to tenementE51/1900. This tenement is the subject of an exclusivityagreement between Red Mountain and Simon Jones witha view to a sale and purchase agreement.There are no existing Native Title Agreements over thecurrent tenement. The tenement is wholly within partiallydetermined claim WC2004/10 Wjarri Yamatji #1 with theAboriginal Representative area body being YamatjiMarlpa Aboriginal Corporation.Tenure is in good standing with DMIRS

Criteria	JORC Code explanation	Commentary
Exploration done byother parties	•Acknowledgment and appraisal of exploration byother parties.	The Mt Maitland Project area has an extensive explorationhistory dating back late 1800's when Maitland North andMaitland South were mined intermittently from 1897.Modern gold exploration over the project has beenconducted by several companies with Talisman MiningLtd being the most recent.
		The general area that forms the subject of this report hasbeen explored in the past by various companies includingPancontinental Mining, Coolgardie Resources, MetexResources and Talisman Mining Ltd during the period1987-2011.
Geology	•Deposit type, geological setting and style ofmineralisation.	The Project covers the Mt Maitland Greenstone Belt at thenorthern margin of the Yilgarn Craton. The Mt MaitlandProject is situated at a major geological plate tectonicboundary reflecting the collision between the separatePilbara and Yilgarn Cratons. It is bounded by majorregional structural faults – to the north by the MurchisonFault, to the west by the Yalgar Fault and to the south bythe Mt Maitland Fault. The Murchison Fault separates theProterozoicsouthernCapricornOrogenfromtheArchaean northern Yilgarn Craton. The Yalgar Faultseparates the older Narryer Terrane from the MurchisonDomain.
		The Mt Maitland Greenstone Belt extends over roughly23x4km and is represented by the Maitland synformalstructure which is the northern most greenstone belt I theYilgarn Craton.
		The Mt Maitland Greenstone Belt is an arcuate 3kmsuccession of interlayered mafic-ultramafic igneousintrusives and volcanics, and felsic volcanic rocks withseveral intercalated sedimentary rocks and BIF's. Thesequence has been folded and regionally metamorphosedto upper greenschist/mid amphibolite grade. ExtensiveProterozoic dolerite dykes cross-cut the project arearelated to massive gabbroic intrusive bodies.
		A regional splay structure off the mantle tappingMurchison Fault traverse the entire length of thetenement.
		Pervasive quartz veins occur along the splay structure
		Orogenic gold mineralisation in the area is associated withquartz veining +/- sulphides and enveloping hydrothermalmineralisation haloes within sheared mafic-ultramaficigneous intrusives and volcanics, and sedimentary rocks(including BIF) and felsic volcanic rocks.
		E51/1900 covers almost the entirety of the Mt MaitlandGreenstone Belt.
		The central half of the tenement comprises outcrop andsub-cropping basement with alluvial and colluvial cover inthe northern and southern parts.
Drill hole information	•A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:easting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationoabove sea level in metres) of the drill holecollardip and azimuth of the holeodown hole length and interception depthohole length.o•If the exclusion of this information is justified onthe basis that the information is not Material andthis exclusion does not detract from theunderstanding of the report, the CompetentPerson should clearly explain why this is the	An overview of the drilling program is given within the textand tables within this document

Criteria	JORC Code explanation	Commentary
	case.
Data aggregationmethodsRelationship betweenmineralisation widthsand intercept lengths	•In reporting Exploration Results, weightingaveragingtechniques,maximumand/orminimum grade truncations (e.g. cutting of highgrades) and cut-off grades are usually Materialand should be stated.•Where aggregate intercepts incorporate shortlengths of high-grade results and longer lengthsof low-grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail.•The assumptions used for any reporting of metalequivalent values should be clearly stated.•These relationships are particularly important inthe reporting of Exploration Results.•If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.•If it is not known and only the down hole lengths	All results have been reported above 0.3g/t Au.No top cutting has been applied.All reported results have been length weighted (arithmeticlength weighting).No metal equivalent values are reported.At this stage of mineral exploration, the geometry of themineralisation to the drill hole is unknown and thereforethe true width of mineralisation is unknown.
	are reported, there should be a clear statementto this effect (e.g. 'down hole length, true widthnot known').
Diagrams	•Appropriate maps and sections (with scales) andtabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan viewof drill hole collar locations and appropriatesectional views.	Refer to figures within this report.
Balanced reporting	•WherecomprehensivereportingofallExplorationResultsisnotpracticable,representative reporting of both low and highgrades and/or widths should be practiced toavoidmisleadingreportingofExplorationResults.	The accompanying document is a balanced report with asuitable cautionary note.
Other substantiveexploration data	•Other exploration data, if meaningful andmaterial, should be reported including (but notlimited to): geological observations; geophysicalsurvey results; geochemical survey results; bulksamples –size and method of treatment;metallurgicaltestresults;bulkdensity,groundwater,geotechnicalandrockcharacteristics;potentialdeleteriousorcontaminating substances.	Suitable commentary of the geology encountered aregiven within the text of this document.
Further work	•The nature and scale of planned further work(e.g. tests for lateral extensions or depthextensions or large-scale step-out drilling).•Diagrams clearly highlighting the areas ofpossibleextensions,includingthemaingeological interpretations and future drillingareas,providedthisinformationisnotcommercially sensitive.	Red Mountain plans to undertake further drilling at theProject as well as further mineral exploration programs.