Red Mountain Mining Ltd (ASX:RMX) has been granted a trading halt by the ASX this morning pending drilling results from the Mukabe-Kasari Cobalt-Copper project.
Mukabe-Kasari is a greenfields exploration play situated 250 kilometres north-west of Lubumbashi and about 70 kilometres north of the giant Tenke-Fungerume Copper-Cobalt mine.
The project is in the Democratic Republic of Congo.
The halt will remain in place until the opening of trade on Friday 19th January 2018, or earlier if an announcement is made to the market.