RED MOUNTAIN MINING LIMITED — Major Shareholding Notification 2011

Sep 12, 2011

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Level 24, 360 Collins Street, Melbourne, Victoria, AustraliaTelephone: 61 3 9222 2333

To:	Company Announcements Office	From:	Glenn Fowles
Fax:	1300-135-638		Pages: Three – including this page
	Company: Australian Securities Exchange	Date:	13 September 2011
Re:	Form 603 to be lodged in relation to	Email:	gfowles@contango.com.au
	Red Mountain Mining Limited (RMX) on
	behalf of Contango Asset Management
	Limited.

Dear Sir/ Madam

Please find attached a Form 603 in relation to Red Mountain Mining Limited (RMX) that we would like to lodge.

Should you have any queries, please do not hesitate to contact me on 9222-2333.

Regards

Glenn Fowles Company Secretary

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme	Red Mountain Mining Limited (ASX code: RMX)
------------------------	---------------------------------------------

ABN

40 119 658 106

Details of substantial holder

Name Contango Asset Management Limited

ACN 085 487 421

The holder became a substantial holder on 01/09/2011.

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows: ЦÎ.

______المستعدClass of Securities	Number of Securities_______________________________________.	Person's Votes	Voting Power
OrdinarvShares	.250781	.250781.	5.42%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of Relevant Interest	Nature of Relevant Interest	Class and Numberof Securities	Person's votesAffected
Contango Asset ManagementLimited	Contango Asset ManagementLimited, in its capacity as theinvestment manager for thepersons or trusts listedbesides its name inParagraph 4, has the powerto control voting and/or thedisposal of securities.	4,281,250 ord shares	4,281,250	''lalCARLO MA

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of Relevant Interest	Registered Holder	Person entitled to	Class and Number	Person's votes
	of Securities	be registered holder	of Securities	affected
Contango Asset ManagementLimited	National NomineesLimited	Contango WholesaleMícrocap Fund	Ord Shares	1.381.750
Contango Asset Management	National Nominees	Contango Microcap	Ord shares	2.899.500
Limited	Limited	Limited	--------	摇

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5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above is as follows:

Holder of Relevant Interest	Туре	Date ofAcquisition	Consideration	Number ofOrdinary Shares
Contango Asset Management Ltd	Share Placement	25/01/07	$485,000.00	3,031,250
Contango Asset Management Ltd	Share Placement	25/11/09	$200,000.00	,250,000

6. Associates

Not applicable

7. Addresses

The addresses of persons named in this form are as follows:

Name	______Address
Contango Asset Management Limited	Level 24, 360 Collins Street, Melbourne, VIC 3000
Contango Microcap Limited	Level 24, 360 Collins Street, Melbourne, VIC 3000
Contango Wholesale Microcap Fund	Level 24, 360 Collins Street, Melbourne, VIC 3000
National Nominees	GPO Box 1406, Melbourne, VIC, 3001

Signature

GLENN FOWLES COMPANY SECRETARY13 SEPTEMBER 2011