Resolution Minerals (ASX:RML) Expands Gold and Antimony Prospects with New Acquisitions in March Quarter

Highlights

• The company acquired three new projects with high-value resources including antimony, gold, and copper.
• The Drake East project returned high-grade results including 5.72% antimony, 60.9 g/t gold, and 214 g/t silver.
• Neardie hosts three past producing antimony mines with historical peak values of up to 19.5% antimony.
• Spur South features a significant magnetic anomaly within the highly prospective Macquarie Arc.
• A LiDAR study at Drake East identified 791 mine workings and five high-priority cluster zones for further exploration.

Resolution Minerals Ltd (ASX:RML) has released its quarterly activities report for the period ended 31 March 2025, outlining the key developments during the quarter, including the acquisition of three highly prospective exploration projects, ongoing tenement management, and progress in exploration planning and data analysis.

Acquisition of new projects

In March 2025, RML acquired three promising projects:

The transaction included the payment of AUD 70,000 in cash and the issuance of 25 million RML shares.

These projects provide RML with strategic exposure to high-value resources including antimony, gold, and copper.

• Drake East Antimony-Gold Project: This project includes over 15 km of strike length for antimony occurrences and is host to high-grade gold, silver and antimony mineralisation. Notable results from previous sampling include values of 5.72% Sb, 60.9 g/t Au, and 214 g/t Ag.
• Neardie Antimony Project: The project includes three former antimony mines and includes antimony mineralisation, including a peak value of 19.5% Sb. However, the exact location of the sample with this concentration remains uncertain.
• Spur South Gold-Copper Project: Situated within the mineral-rich Macquarie Arc region, Spur South features a large magnetic anomaly, indicative of the potential for mineralised systems similar to those found nearby.

LiDAR Reprocessing at Drake East

During the quarter, RML commissioned a LiDAR reprocessing and interpretation study for the Drake East project. The study identified 791 mine workings, including 742 pits, 33 shafts, and 16 adits across the project area. These mine workings largely correspond to historical antimony and gold prospects at Drake East. The study also revealed new mine workings not listed in MinView, suggesting the presence of undiscovered mineral occurrences.

Key findings include:

• The Sb-Au veins at the Hedley’s-Gully Prospect Area are part of the Lunatic Antimony Field.
• Five high-concentration clusters of mine workings were identified, with key areas including Hedley’s-Gully, Hansen Hills, Reliance Mine, Ottis Mine, and Pine Gully. These areas are now a focus for follow-up exploration.

Cash Balance and Capital Raise

As of 31 March 2025, RML’s cash balance stood at AUD 998,000. Additionally, the company completed a share placement of AUD 1.55 million during the quarter to support ongoing exploration activities.

RML shares traded at AU$0.008 per share on 1 May 2025, up over 6.6% from the last close.