RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2024

Nov 3, 2024

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ASX:RMX ACN 119 568 106 info@redmountainmining.com.au

redmountainmining.com.au

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ASX ANNOUNCEMENT

4 NOVEMBER 2024

Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000

By Electronic Lodgement

Dear Sir/Madam

CLEANSING NOTICE PURSUANT TO SHARE PURCHASE PLAN

Red Mountain Mining Limited (ACN 119 568 106) ( Company ) refers to its announcement on Thursday, 31 October 2024 in respect of the opportunity for eligible shareholders to purchase up to $30,000 worth of new fully paid ordinary shares in the Company under a share purchase plan ( SPP ).

The SPP will be offered in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/ 547 ( Instrument ) . It is a condition of the Instrument that the Company issue this notice before the SPP offer is made. The SPP will open (and the SPP offer will be made) at 10.00am (Sydney time) on Wednesday, 6 November 2024.

In accordance with the Instrument, the Company confirms that:

• (a) it will make offers to issue fully paid ordinary shares ( Shares ) under the SPP without disclosure to investors under Part 6D.2 or Part 7.9 of the Corporations Act 2001 (Cth) ( Corporations Act );

• (b) this notice is being given in accordance with section 7(f)(ii) of the Instrument;

• (c) as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) section 674 and section 674A of the Corporations Act; and

• (d) as at the date of this notice, there is no information that is “excluded information” (as defined in sections 708A(7) and 708A(8) of the Corporations Act) which is required to be disclosed by the Company.

The release of this announcement was authorised by the Board of Red Mountain Mining Limited.

Yours faithfully

For and on behalf of Red Mountain Mining Limited Mauro Piccini Company Secretary

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ASX:RMX ACN 119 568 106

redmountainmining.com.au

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This announcement is authorised by the Board of Red Mountain Mining Ltd

For further information contact:

info@redmountainmining.com.au

Authorised for and on behalf of the Board,

About Red Mountain Mining

Red Mountain Mining Limited (ASX: RMX) is a mineral exploration and development company. Red Mountain has a portfolio of critical minerals including gold, lithium, rare earth and base metal projects, located in Canada, Australia and USA. Red Mountain is progressing its Fry Lake Gold project, based in the strategic Gold district in Ontario, Canada and the Kiabye Gold Project in Western Australia. In addition, Red Mountain’s project portfolio includes the Monjebup Rare Earths Project, and Nevada Lithium Projects.

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JOIN THE RED MOUNTAIN MINING INVESTOR HUB

Visit https://investorhub.redmountainmining.com.au for access to the Investor Hub

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ASX:RMX ACN 119 568 106

redmountainmining.com.au

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