The typhoon hit the central Philippines province of Leyte on 8 November 2013.
Last week, Red Mountain released promising high-grade grade gold hits from trenching at its Lobo Prospect, part of Batangas including 2 metres at 31.1g/t gold (1 ounce/tonne) gold, including 1 metre at 60.2g/t gold.
Tighten share structure
Red Mountain also made moves to tighten its capital structure from the removal of a stock overhang and a share buy back.
These developments should assist to put an effective "floor" on the company's share price, paving the way for it to rise on the company meeting milestones such as further drilling successes and the results of the Scoping Study.
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