Highlights

• RML is acquiring three high-potential antimony, gold, and copper projects covering 194 sq km across NSW and QLD.
• Interim LiDAR report for the Drake East Antimony-Gold Project has identified hundreds of historical mine workings and veins.
• The Drake East and Neardie projects are brownfield sites with historic antimony production and offer potential for rapid redevelopment.
• Drake East hosts antimony (Sb), gold and silver mineralisation while Neardie hosts high-grade antimony mineralisation including peak values of 19.5% Sb from historic production.
• Spur South is home to six major gold-copper mines and 17 porphyry deposits.

Resolution Minerals Ltd (ASX:RML) has received an interim LiDAR report for the Drake East Antimony-Gold Project in NSW, Australia. The GeoCloud Analytics report identified hundreds of historical mine workings and veins, boosting the project’s prospectivity and highlighting significant mineralisation potential.

The project is part of the three assets that the company is acquiring in New South Wales (NSW) and Queensland (QLD). The company has updated on the Binding Agreement for the acquisition of these three highly prospective exploration projects on 10 March 2025.

The agreement pertains to the acquisition of the following exploration projects: the Drake East Antimony-Gold Project (NSW), Neardie Antimony Project (QLD) and the Spur South Gold-Copper Project (NSW). These projects span four tenements over 194km² and are situated in regions rich in antimony-gold, antimony, and gold-copper.

The acquisition is timely, coinciding with a 250% surge in antimony prices in 2024, driven by global supply concerns due to China’s ban on antimony exports.

The Drake East and Neardie projects offer a low-cost entry into the critical metals sector, as both are brownfield assets with historic antimony production. The company plans to review past data, define drill targets, and, if results are favourable, expedite the reopening of these historic mines.

Details of the acquired projects

Drake East - Drake East hosts significant antimony, gold, and silver mineralisation, with peak values reaching 5.72% antimony (Sb), 60.9 g/t gold (Au) and 214 g/t silver (Ag). The project features a 15km-long strike of antimony occurrences and hosts a alluvial placer gold deposit (750m x 100m area).

Neardie Project - Neardie includes three past-producing antimony mines, where historical ore grades ranged between 1.5% and 5% Sb, with peak values of 19.5% Sb.

Spur South - Located in the Macquarie Arc region of New South Wales, the Spur South Gold-Copper Project covers two exploration licenses (EL9719 and EL9720) and hosts a large magnetic anomaly similar in scale to nearby world-class mineralised systems. The region is home to:

• Six world-class gold-copper mines
• 17 significant porphyry deposits
• Two mines currently in the Feasibility Study stage

Terms of the transaction

The settlement of the transaction is subject to conditions precedent, including securing all necessary regulatory and statutory approvals, no material adverse change in relation to the asset and a 30-day due diligence period from the execution.

In consideration, the purchaser has agreed to issue 25 million shares at AU$0.01 per share, in two equal tranches - one at settlement and the other following due diligence within 30 days. The transaction also includes a cash payment of AU$70,000 within 20 days of the ASX transaction announcement.

LiDAR Survey Uncovers Extensive Prospectivity at Drake East

Drake East hosts 15 antimony, 50 gold, and 3 copper prospects with antimony mineralisation spread across a 15km-wide area. Recent LiDAR survey interpretations have uncovered hundreds of historical mine workings, including 534 pits, 27 shafts, and 15 adits, along with 56 linear vein structures totalling 4,150m in strike length.

As the LiDAR analysis continues, the company expects these numbers to increase. The final LiDAR interpretation report is anticipated to be completed within 7 to 10 days.

Meanwhile, for Neardie and Spur South, RML is evaluating LiDAR availability. If the LiDAR studies yield positive results, the company will follow up with mapping and sampling programs to define drill targets.

RML shares traded at AU$0.009 per share on 26 March 2025.