Gold Mountain Limited is an Australia-based mineral explorer with projects based in Brazil and Papua New Guinea (PNG). These assets are prospective for a range of metals including rare earth elements, niobium, lithium, nickel, copper and gold. The Company has a 75% holding in a package of highly prospective rare earth element, niobium, copper and lithium licenses located within the eastern Brazilian lithium belt, spread over parts of the Borborema Province and Sao Francisco craton in north-eastern Brazil, including in Salinas, Mines Gerais. In PNG, the Company is exploring the Wabag Project, which covers approximately 950 square kilometers (km2) of highly prospective exploration ground in the Papuan Mobile belt. This project includes three targets: Mt Wipi, Monoyal and Sak Creek, all lying within a northwest-southeast striking structural corridor. It also has approximately 41 new tenement applications covering 803.5 km2 in the Maracas region of Bahia State (Ronaldinho REE Project).