Australia's Red Mountain Mining jumps on lithium find at US project

Red Mountain Mining

12/07/2023 05:39

** Shares of Red Mountain Mining  RMX.AX  rise as much as
30% to A$0.0065, their highest since Feb. 14
    ** Co says assay results confirm discovery of lithium
bearing claystone from phase 1 drilling campaign at Mustang
lithium project in Nevada, U.S.
    ** Says majority of drill holes encountered thick,
consistent lithium mineralisation from or near surface
    ** Nearly 88 mln shares traded vs 30-day daily avg of ~4 mln
    ** Stock last up 10%, taking YTD gains to up ~22%

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))