Red Mountain Mining Limited advised that the Company has successfully staked and lodged its application for an additional 102 Lode Claims contiguous to its Mustang Lithium Project. The additional 102 claims (covering 853 Ha) are prospective for claystone hosted lithium and are interpreted to feature similar host rocks, hydrological settings, and lithium enrichment mechanisms as American Lithium's TLC Project and Cypress Development Corp.'s Clayton Valley Project. The resulting total area for the Mustang Lithium Project will be 140 Lode Claims or 1,069.7 Ha in area.

The additional staking initiative further expands the Company's footprint in Southwestern, Nevada, the world's premier region for lithium claystone exploration and development with a defined mineral resource of over 24mt LCE. The Company has commenced preliminary exploration activities at Mustang, with the view to conduct additional geological mapping and surface sampling within both the Mustang & Lithic properties. A Reverse Circulation (RC) drilling program is currently being planned and will likely comprise of wide-spaced drilling of approximately 10 drill holes at circa 70 meter in depth.

It is expected that the results from this drilling will provide information on the lithium mineralisation to vector further drilling.