• September 7, 2017

RMX proceeds with Mokabe-Kasari Cobalt Copper

Published on September 7th, 2017

After emerging from a trading halt that it entered on Monday, Red Mountain Mining (ASX: RMX) this morning updated the market on the Mokabe-Kasari Cobalt Copper project in the DRC and detailed its recent capital raising activities.

Encouraged by final due diligence results, RMX advised that it will proceed with earn-in to acquire up to 90% of Mokabe-Kasari Cobalt Copper project in world famous central African Copper belt. The project is located in the Congolese part of the prolific Central African Copper belt, comprising artisanal licenses over approximately 116 square kilometres.

The due diligence included a short reconnaissance site visit by RMX’s technical advisor, CSA Global Pty Ltd, who carried out validation ground-work across the tenure package to ensure there’s opportunity for sufficient scale, assess geologic prospectivity, and scope future exploration work. The below samples were taken, including cobalt grades of up to 0.5%.

Read full article here

SOURCE: FINFEED
DATE: SEPTEMBER 6, 2017

Red Mountain

How can we help?

Contact us to discuss how we can help your organisation.

SIGN UP FOR EMAIL ALERTS

CONNECT WITH CSA GLOBAL