Junior explorer Red Mountain Mining (ASX: RMX) has contracted an experienced drilling company to carry out a Phase II exploration campaign at its Mt Mansbridge heavy rare earth and nickel-cobalt-PGE (platinum group elements) project in Western Australia.
Confidence in Australia’s rare earth industry grew significantly this week with news that it could soon have two world class refineries capable of competing with the dominant player in the rare earth element (REE) game, China.
Perth-based explorer Red Mountain Mining (ASX: RMX) has announced it has acquired 100% of the Nannup project, an exploration licence located southwest of the Greenbushes lithium province in Western Australia.