Australia's Red Mountain Mining rises on progress in WA rare earths project

Red Mountain Mining

15/07/2022 05:47

** Shares of Red Mountain Mining  RMX.AX  climb as much as
16.7% to A$0.007, their highest level since June 17 
    ** Says the reverse circulation drilling crew has arrived to
the site of its Mt Mansbridge Heavy Rare Earth and
Nickel-Cobalt-PGE Project in Western Australia  urn:newsml:reuters.com:*:nASX53Rg08 
    ** Phase 2 drilling to begin in mid-July 
    ** RMX logs best intraday gain since July 1 
    ** Stock down by a third YTD, as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))