RED MOUNTAIN MINING LIMITED — Capital/Financing Update 2025

Nov 26, 2025

ASX Announcement 27 November 2025

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HIGH-GRADE ANTIMONY RESULTS AT ARMIDALE CONFIRM POTENTIAL FOR A MAJOR ANTIMONY-GOLD SYSTEM

HIGHLIGHTS

• Targeted soil sampling program at Oaky Creek South returns a series of high-grade assays with a peak value of 1,200 ppm Antimony, with 13 samples exceeding 100ppm Antimony across the whole program

• A significant auger soil result of 1.36% Sb, over 10x the next highest recorded value was also recorded at Oaky Creek South workings, the sample returned the highest gold value of 14ppb.

• A coherent 200m long northeast-striking Sb-As anomaly has been identified which remains open to the northeast (Figure 4)

• A second grid, 300m north of the Oaky Creek South workings returned strong anomalous arsenic, a path-finder for gold, with a maximum value of 259ppm As, which remains open to the northwest towards the Main Grid, to the southwest, and south towards the historical Antimony workings

• Red Mountain has now received all assay results from the Oaky Creek South sampling campaign. The highly encouraging soils results, alongside the previously reported high-grade Antimony rock mineralisation of up to 39.3% Sb, has prompted immediate planning for the field team to launch an exploration program in December to define specific drill targets:

• RMX will expand the grid at Oaky Creek South to cover the area between the historical workings and the Main Grid, testing the NE extension of the exceptionally high anomaly

• A strong 1km-long Antimony soil anomaly extending SSE from Oaky Creek North will also be tested by auger sampling, prior to expected drilling

• Soil sampling results received at East Hills will also be further explored as the results define NNW-trending soil Antimony anomalies, with a peak value of 104ppm Sb

• Both the strike extent and strong spatial correlation between Antimony and Gold at Oaky Creek supports Red Mountain’s exploration model for the prospect of a major vein-style orogenic Antimony-Gold system, which is directly analogous to Larvotto’s (ASX: LRV) Hillgrove Project, east to Red Mountain’s project and subject to a recent takeover attempt from United States Antimony Corporation (NYSE: UAMY)

ASX: RMX investorhub.redmountainmining.com.au info@redmountainmining.com.au Red Mountain Mining Ltd ACN 119 568 106

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Red Mountain Mining Limited (ASX: RMX , US OTCQB: RMXFF , or “ the Company ” ), a Critical Minerals exploration and development company with an established and growing portfolio in Tier-1 Mining Districts in the United States and Australia, is pleased to announce exceptional high-grade Antimony results for soil sampling completed in September at the Oaky Creek prospect, and soil sampling completed at East Hills at the Company’s 100% owned Armidale Antimony-Gold Project in the New England Orogen of New South Wales. The recent soil sampling program returned 13 samples exceeding 100ppm Antimony in the assays, with a peak value of 1,200 ppm Antimony.

Soil antimony values surpassing the 100ppm threshold are considered highly anomalous. The results support the interpretation that a significant Antimony-Gold mineralisation may be present. Red Mountain is planning to undertake an immediate follow-up exploration program in December to generate potential drill targets.

Oaky Creek and East Hills are two of several known orogenic gold and antimony mineral occurrences within the Armidale project, which have strong structural, lithological and mineralogical similarities to Larvotto’s (ASX: LRV) Hillgrove deposit to the East, which is Australia’s largest antimony-gold deposit.

Auger results reveal an extensive orogenic Antimony system at Oaky Creek South

Red Mountain’s field team collected a total of approximately 250 auger soil samples at Oaky Creek South: “Oaky S Main” (193 sample sites) and “Oaky S Minor” (45 sample sites); as well as a single line of eight samples collected across the Oaky Creek South workings (Figure 1 and Figure 2).

The Oaky South Main grid is located approximately 400m north-northwest of the historical pits and shafts at Oaky Creek South. The grid is targeted on a conventional soil sample anomaly with a peak value of 333ppm Sb[1] . The Oaky S Minor grid is centred ~200m southeast of the Oaky S Main Grid, targeting a soil sample located 300m north of the Oaky Creek South workings that contained 46ppm Sb and 65ppm As[1] . In October, Red Mountain reported[2] , float and in-situ rock chip samples from Oaky Creek South have returned multiple high grade results, with maximum values of 39.3% Sb and 1.09g/t Au from the Oaky South Main grid area (Figure 1 and Figure 2), while samples collected close to the historical workings have best analyses of 28.3% Sb (Figure 1) and 0.14g/t Au (Figure 2).

1RMX ASX Announcement 7 June 2025. https://investorhub.redmountainmining.com.au/announcements/6998482

2RMX ASX Announcement 2 October 2025. https://investorhub.redmountainmining.com.au/announcements/7181513 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU

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Figure 1: Antimony rock chip analyses for the Oaky Creek prospect overlain on antimony soil results. (A) Overview of the Oaky Creek prospect. (B) Detail over the Oaky Creek South area highlighting >0.5% Sb rock chip samples and showing the locations of the hand auger soil sampling sites (white dots).

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Figure 2: Gold rock chip analyses for the Oaky Creek prospect overlain on antimony soil results. (A) Overview of the Oaky Creek prospect. (B) Detail over the Oaky Creek South area highlighting >0.1ppm Au rock chip samples and showing the locations of the hand auger soil sampling sites (white dots).

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Sampling at Oaky Creek South targeted the C soil horizon and samples were collected from as deep as possible at each site. Sampling depths ranged from 10cm to 100cm (Appendix 1), with the majority of samples collected at depths between 20 and 60cm.

Figure 3 shows antimony and arsenic results for the Oaky S Main and Oaky S Minor grid auger soil samples.

The auger samples collected from the Oaky S Main grid define a coherent >20ppm Sb northeasttrending anomaly, up to approximately 30m in width and 200m in length, which parallels and overlaps the extent of mapped quartz-carbonate-sulfide veins. The core of the anomaly is defined by nine samples containing >100ppm Sb , with a peak value of 1,201ppm Sb (Figure 3; Appendix 1). The auger soil anomaly shows a close spatial relationship to previously reported highly anomalous rock chip samples. The anomaly and vein sets appear to be offset along an approximately NW-striking fault, which may represent a smaller splay structure off the NNW-striking major Namoi Fault splay that lies approximately 400m east of the grid (refer to Figure 1) and is thought to be the primary controlling structure and fluid conduit for the Oaky Creek antimony-gold system. The Oaky S Main grid hand auger antimony soil anomaly is open to the northeast, towards the Namoi Fault splay.

For the Oaky S Main grid, arsenic hand auger soil results closely mimic the pattern of antimony results to the northeast of the interpreted fault, which appears to essentially truncate the arsenic anomaly. The arsenic anomaly is well defined by 27 samples containing >100ppm As, with a maximum value of 1,040ppm (Appendix 1) and like the antimony anomaly is open to the northeast (Figure 3). In contrast to the antimony results, the Oaky S Minor grid is anomalous for arsenic, with six samples containing >100ppm As, with a maximum value of 257ppm (Appendix 1). The samples with anomalous and elevated (>50ppm As) arsenic have no clear structural control and are clustered around the northwest and southern edges of the grid, meaning that the anomaly is open to the northwest towards the Main grid, to the southwest, and south towards the historical workings (Figure 3).

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Figure 3: Hand auger antimony (top) and arsenic (bottom) soil results for the Oaky S Main and Oaky S Minor grids, relative to the conventional soil sample Sb anomaly shown in Figures 1 and 2. The locations of highly anomalous rock chip samples and mapped quartz±carbonate±sulfide vein traces are also shown. The fault shown in white is interpreted from the offset in the antimony and the apparent truncation of the arsenic anomaly. For grid locations, refer to Figures 1 and 2.

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Consistent with the conventional soil results reported in June 2025[3] , gold results for the hand auger sampling at both the Oaky S Main grid and Oaky S Minor grid are subdued, with the majority of samples returning assays of below the detection limit of 1ppb Au and only five samples, all from the Oaky S Main grid, containing more than 3ppb Au, with a peak value of 9ppb Au (Appendix 1). The hand auger soil samples with higher gold contents generally occur within the area defined by the >20ppm Sb anomaly on the Main Grid and are spatially associated with mapped veins and previously reported anomalous rock chip samples (Figure 4), suggesting that the gold is genetically related to the antimony mineralisation and providing further evidence supporting RMX’s exploration model that Oaky Creek represents a significant orogenic antimony-gold mineral system analogous to the Hillgrove Mine to the east, which is Australia’s largest known antimony deposit.

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Figure 4: Hand auger gold soil results for the Oaky S Main and Oaky S Minor grids, relative to the conventional soil sample Sb anomaly shown in Figures 1 and 2. The locations of highly anomalous rock chip samples and mapped quartz±carbonate±sulfide vein traces are also shown. The fault shown in white is interpreted from the offset in the antimony and the apparent truncation of the arsenic hand auger soil anomaly, shown in Figure 3. For grid location, refer to Figures 1 and 2.

The identification of a large, coherent antimony-arsenic hand auger soil anomaly in the Oaky S Main grid, with associated veining and strongly anomalous rock chip samples at a distance of approximately 400m from the nearest historical workings at Oaky Creek South indicates the potential for additional

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discovery of previously unrecognised orogenic antimony mineralisation at Oaky Creek. Further auger sampling is planned as soon, across the following prospective target areas:

• Northeast of the Oaky S Main grid, towards the Namoi Fault.

• Across the unsampled area between the Oaky S Main grid, the Oaky S Minor grid and the Oaky S workings.

• Along the length of the 1km long soil antimony anomaly that extends south-southeast from Oaky Creek North.

Following receipt of the results of the planned December program, Red Mountain expects to be able to target the Oaky Creek prospect for drill testing.

Results across Oaky South historical workings confirm significance of Oaky S Main results

Sample (AA201), returned a significant auger soil result of 1.36% Sb , over 10x the next highest recorded value. This sample also returned the highest gold value of 14ppb .

To provide a guide as to the expected auger soil response over mineralisation at Oaky Creek, RMX collected a single orientation line of eight samples across the historical antimony workings at Oaky Creek South (refer to Figure 1 and Figure 2 for location). The results of this sampling for antimony, arsenic and gold are summarised in Figure 5 and listed in Appendix 1. Gold and arsenic values are consistent with the anomalous samples collected from the Oaky S Main grid, with maximum values of 14ppb Au and 351ppm .

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Figure 5: Hand auger antimony, arsenic and gold soil results for the Oaky South historical workings, relative to the location of shafts and pits (red crosses), the conventional soil sample Sb anomaly shown in Figures 1 and 2, and mapped quartz±carbonate±sulfide vein traces. Refer to Figures 3 and 4 for the auger soil values legends. For sample line location, refer to Figures 1 and 2.

Encouraging initial soil results at East Hills

In September 2025, RMX collected 78 soil samples across a grid centered around a historical pit targeting antimony at East Hills in the southern portion of the tenement. Samples were collected at a 50m spacing on 100m spaced east-west oriented lines and screened to -80# in the field.

The soil antimony results define a generally NNW-trending strike-parallel anomaly, with a peak value of 104ppm Sb close to the historical workings and the previously reported[4] rock chip sample containing 9.9% Sb (Figure 6). The >5ppm Sb anomaly is open to the SSE, so further sampling in that direction may be warranted in the future.

[4] RMX ASX Announcement 15 October 2025: https://investorhub.redmountainmining.com.au/announcements/7209330 RED MOUNTAIN MINING LTD ASX: RMX INVESTORHUB.REDMOUNTAINMINING.COM.AU

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Figure 6: Individual soil sample results for antimony and contoured soil antimony for sampling at East Hills. Both anomalous (>5ppm Sb) and elevated (>2ppm Sb) values define a NNW-trend, which approximately parallels the strike in the area. Strongly anomalous rock chip samples of >500pmm Sb are also shown. The highest soil antimony value of 104ppm Sb lies close to the anomalous rock chip samples, including the sample containing 9.9% Sb and the small historical pit at East Hills.

Gold in soil results from East Hills are mostly <5ppb Au, with the exception of two samples that returned values of 14ppb Au and 304ppb Au (Appendix 2; Figure 7). These two samples appear to be spatially associated with the main NNW-trending antimony anomaly, suggesting that the mineralisation at East Hills is a similar orogenic antimony-gold system to that seen at Oaky Creek. However, based on results to date the system as East Hills is a lower priority for further exploration than the Oaky Creek prospect, which appears to be a larger target.

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Figure 7: Individual soil sample results for gold and contoured soil antimony for sampling at East Hills. Elevated (>1ppb Au) gold samples, including the two strongly anomalous samples are generally spatially correlated with the NNW-trending antimony soil anomaly.

Next steps for the Armidale Antimony-Gold Project

With highly encouraging auger soil results now received from Oaky Creek South, RMX will seek to rapidly deploy to undertake a follow-up program of auger soil and rock chip sampling over the Oaky Creek North soil anomaly to define prospective drill targets. RMX will also extend the Oaky S Main grid to the northeast to test for the extension of the currently open anomaly and sample the area between the Main Grid and the historical workings at Oaky Creek South. The Company expects that

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the results of this next round of sampling at Oaky Creek will enable Red Mountain to define the most promising targets for drilling in the first half of 2026.

As previously reported[5] , soil and rock chip sampling is also planned for the Horsley Station and Horsley North gold targets (Figure 8). RMX is planning further exploration across the numerous stibnite and jarosite spectral anomalies across the project, in particular those that lie adjacent to known mineralisation and/or are along the known major Peel, Namoi and Cobbadah faults.

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Figure 8: 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 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.

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RMX | RMXFF Armidale Antimony-Gold Project Background

Red Mountain’s 100%-owned Armidale Antimony-Gold project is located west of Australia’s largest known antimony deposit, Larvotto’s (ASX: LRV) Hillgrove deposit, which is also the 8[th] largest antimony deposit globally.

The New England Orogen is recognised as Australia’s premier Antimony district (Figure 9). Antimony occurs in hydrothermal quartz veins, breccias and stockworks, often with associated gold and/or tungsten mineralisation.

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Figure 9: Known NSW gold and antimony mineral occurrences relative to basement orogenic units. The map clearly demonstrates the prospectivity of the New England Orogen for antimony and gold. The location of LRV’s Hillgrove Deposit, the Peel Fault and EL9732 are also shown.

Red Mountain’s project extends for 85km 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.

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Authorised for and on behalf of the Board,

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Mauro Piccini

Company Secretary

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 assets, 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 US Critical Minerals Portfolio: Utah Antimony Project in the Antimony Mining District of Utah, adjacent to Trigg Minerals’ Antimony Canyon Project (ASX: TMG) , Yellow Pine Antimony Project , with historic workings, less than 2km from Perpetua’s Stibnite Project (NASDAQ: PPTA) in Idaho, Silver Dollar Antimony Project (Historic Antimony Mine), south of Yellow Pine, reporting up to 17.7% Sb and US Lithium Projects in Nevada.

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.

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.

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Appendix 1: Oaky Creek South hand auger soil sampling results

Sample details and analytical results for selected elements for hand auger soil samples from Oaky Creek South. Analyses of >100ppm Sb, >100ppm As and >5ppb Au are highlighted.

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Appendix 2: East Hills soil sampling results

Sample details and analytical results for selected elements soil samples from East Hills. Analyses of

5ppm Sb, >20ppm As and >5ppb Au are highlighted.

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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 & Soil samples have been sent to Intertek Townsville laboratory with the auger and soils 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 a ICP-OES finish (FA50/OEO2) where rock samples were analysed at the Townsville facility. • Auger and Soil samples will be treated by Aqua regia digest with a 25g charge assayed by ICP-MS for a 52-element suite. • All auger samples were collected on 10 to 20m spaced grids or single traverses at 25m. Soils were collected on a 50m centred grid. • Auger samples targeted the C soil horizon usually averaged around 50cm depth in clays while soil horizons targeted the B soil horizon averaging 15cm
Drilling techniques	• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details	• No drilling reported

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Criteria	JORC Code explanation	Commentary
	(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).
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 samplingis representative of the in situ	• Rock chip sampling was biased towards outcrop/subcrop that was altered or appeared mineralised. • Rock grab samples were taken raw and approximately 1kg each. • Grab rock samples are first pass with size appropriate for initial work and not intended for grade purposes. • Auger samples were generally 1kg in size taken raw while soil samples consisted of 250g of -80mesh

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Criteria	JORC Code explanation	Commentary
	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.	material. • Auger and soil samples were taken on a predetermined grid basis to ensure representivity. • 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, crushed, pulverized (in Nickel crucibles) and sodium peroxide fused and finished with ICP-MS. The rock samples were tested for Au by Fire assay using 50g charges and MS finish. • Sodium Peroxide fusion is considered an appropriate method for antimony and FA is consider appropriated for gold. • Assay techniques used are considered appropriate for the style of mineralisation targeted. • No geophysical or pXRF tools used. • For the auger and soil sampling, duplicates and standards were used at every 50 samples which should 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.	• No drill holes reported.

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Criteria	JORC Code explanation	Commentary
	• Discuss any adjustment to assay data.
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 sample taken with GPS readings with site locations recorded in GDA94 (z56). • No mineral resource estimation was 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 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. • Sample spacing is considered appropriate for initial first pass sampling. • 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. • No drilling conducted
Sample security	• The measures taken to ensure sample security.	• Samples were managed by field staff, individually double wrapped and sealed in a 1-ton bulk which was dropped off in a freight forwarding yard. Samples arrived at

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Criteria	JORC Code explanation	Commentary
		the laboratory sealed.
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

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 soil sampling for these elements has been undertaken and rockchip 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. • Icon Resources Ltd conducted exploration over there Dunmore target, Baldwin project EL6682 in 2008, data taken from the open file reports at NSW Resources.

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Criteria	JORC Code explanation	Commentary
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 basin package related to west-dipping subduction of oceanic crust beneath the Lachlan Orogen. Ultramafic melanges of the Great Serpentinite Belt, which outcrop 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 report, the Competent Person should clearly explain whythis is the case.	• No drilling conducted

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Criteria	JORC Code explanation	Commentary
Data aggregation methods	• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearlystated.	• No aggregated methods are reported
Relationship between mineralisation widths and intercept lengths	• These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its 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 (e.g. ‘down hole length, true width not known’).	• No relationship is made between mineralisation width and intercept lengths
Diagrams	• Appropriate maps and sections (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.	• Appropriate location diagram is presented in the text. The diagram is indicative only as no assumptions of grade, extent or depth are made.
Balanced reporting	• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should bepracticed to avoid misleading	• Only pertinent results are given as due to the relevance of the announcement.

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Criteria	JORC Code explanation	Commentary
	reportingof Exploration Results.
Other substantive exploration data	• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	• There is no other substantive exploration data provided or withheld as this announcement deals with this early phase exploration target.
Further work	• The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step- out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	• The forward work programme aim to test the stibnite vein system and extensions through further augering to generate targets for drilling to determine the 3D extent (depth, layering and lateral extent) of the stibnite mineralisation. • The use of supplementary geophysics is being considered with CSAM techniques being investigated. • Also, RMX is considering undertaking a metallurgical bench testing towards making a commercial concentrate at a >80% recovery of Sb. • Diagrams of the sampling positions have beenprovided in the text.

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