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Red Mountain’s drilling bet meets a tougher funding test

6:55pm on Tuesday 29th of September, 2026 AEST • Mining
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Red Mountain’s drilling bet meets a tougher funding test

6:55pm on Tuesday 29th of September, 2026 AEST
Key Points
  • $4.85 million FY2026 net loss, up from $2.56 million
  • Auditor flags material uncertainty over going concern
  • Cash increased to $1.97 million after capital raisings
  • Oaky Creek completed 1,776 metres of RC drilling
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