Red Mountain Mining Limited announced that it has begun planning for the second phase of drilling at its 100% owned Mt Maitland Gold Project. This particular phase of drilling will focus on its high grade Maitland South prospect and is expected to commence in March 2021 once approvals from Department of Mines have been received and necessary heritage clearances have been completed. In addition, the Company reported upon the remaining assay results received from the November 2020 drilling program. In total, 1,850m of RC drilling was completed for 27 holes focusing on four primary targets: Maitland South, Lenanphyl, Second Chance South and Jacia. In addition to the previously reported high grade results from the Maitland South Prospect, gold assay results from the Second Chance South Prospect and Lenanphyl have been received, with notable results including: Second Chance South: MMC010 - 4m @ 1.28g/t Au from 4m; MMC014 - 1m @ 1.41g/t Au From 57m Lenanphyl; MMC007 - 17m @ 0.43g/t Au from 29m inc. 1m @ 1.83g/t Au from 33m and 1m @ 3.46g/t Au from 41m; MMC020 - 4m @ 0.87g/t Au from 12m; MMC006 - 4m @ 0.77g/t Au from 66m; MMC021 - 8m @ 0.46g/t Au from 32m; MMC005 - 4m @ 0.42g/t Au from 64m. Planning is currently under way for the second phase of drilling at the priority, high grade Maitland South Prospect. The ~2,000m, ~20 hole RC program is expected to commence in March 2021 once all necessary clearances and approvals have been granted and drill contractors organised. The purpose of phase II drilling is to assess the continuity of the high grade mineralisation both along strike and down dip of existing intercepts, in addition, systematically testing the entire ~500m length of endowed Maitland South Shear Zone. Drilling by RMX in November 2020 at the prospect returned significant intercepts from all four holes at the prospect (ASX Announcement "Maiden Drill Program Delivers Significant Gold Intercepts at Maitland" 18th November 2020, results include: MMC001 - 7m @ @ 3.3g/t Au from 34m inc. 1m @ 12.7g/t from 37m; MMC002 - 8m @ 1.7g/t Au from 107m inc. 1m @ 4.8g/t from 107m and 1m @ 7.1g/t from 110m; MMC003 - 12m @ 0.3g/t Au from 37m; MMC004 - 17m @ 0.3g/t Au from 56m. Assay results from these drilling results demonstrate the thickness of the Maitland South Shear Zone and a high grade component to the zone which eludes to the potential for it to host an economic gold deposit. Mineralisation is currently open at depth below these drill results with the mineralized structure remaining open and untested to the north and south of the current drilling footprint. The Second Chance South Prospect is a coincidental geochemical and structural target that had never been tested by drilling. 9 Holes for 531m were drilled at the prospect in the form of two traverses of 25m spaced angled holes to test the two key highly anomalous zones of the target. Notable assay results received from drilling at the prospect include: MMC010 - 4m @ 1.28g/t Au from 4m; MMC014 - 1m @ 1.41g/t Au From 57m. Fresh rock was intercepted close to surface, with basalts, mafic and ultramafic schist, BIF and a Proterozoic dolerite dyke was intersected within drilling. Mineralisation is associated with quartz veining hosted within sheared zones within this package of rocks. The Company considers these results as particularly pleasing as these drill holes are the first holes drilled at this ~1.1km long geochemical target. The Lenanphyl Prospect is again characterised by a series of historical shafts, workings and drilling containing significant results. 12 RC holes for 849m were drilled at the prospect. Significant assay results received from drilling at the prospect include: MMC007 - 17m @ 0.43g/t Au from 29m inc. 1m @ 1.83g/t Au from 33m and 1m @ 3.46g/t Au from 41m; MMC020 - 4m @ 0.87g/t Au from 12m; MMC006 - 4m @ 0.77g/t Au from 66m; MMC021 - 8m @ 0.46g/t Au from 32m; MMC005 - 4m @ 0.42g/t Au from 64m. Drilling intersected a deeply weathered sheared package of intercalated Banded Iron Formation (BIF) and mafic schist. Zones of magnetite-silica alteration were intersected with quartz-carbonate veining bearing disseminated sulphide, mineralisation was observed to be associated with this zone. Concurrent with the upcoming Mt Maitland South second phase drilling, the Company shall initiate a maiden exploration programme at its 100% owned Koonenberry Gold Project in NSW. As announced on 5th January 2021, the Company is finalising execution of land access agreements for all relevant tenements and this is expected to complete during January. Design of the initial exploration programme is underway and the Company will update the market on progress as required.