Resolution Minerals (ASX:RML) Outlines Spur South's Porphyry Potential; Advances Land Access at Drake East

Highlights

• Resolution Minerals has advanced exploration activities at two newly acquired projects: Spur South Gold-Copper and Drake East Antimony-Gold.
• Exploration model review for the Spur South Project (EL9720) has confirmed the project’s prospectivity for porphyry-skarn gold and copper mineralisation.
• The Spur South Project hosts a 3.25 km-long magnetic anomaly, which aligns with the faulted margin of the Ordovician-aged Fairbridge Volcanics and Millambri Formation.
• The company plans field mapping and sampling, ground/drone magnetic surveys, induced Polarisation (IP) surveys, reconnaissance drilling and geophysical data reprocessing at Spur South.
• At Drake East, land access procedures are underway for non-ground disturbing exploration.
• Initial work at Drake East will target mapping and sampling Au-Sb veins in the southwestern project area.

Resolution Minerals Ltd (ASX:RML) has provided an update on its exploration activities following the recent acquisition of three projects focused on antimony-gold, standalone antimony, and gold-copper mineralisation.

The company has completed an exploration model review of the Spur South Gold-Copper Project (EL9720) and has initiated the land access process for the Drake East Antimony-Gold Project (EL9730).

Exploration Model Review Completed at Spur South

The Spur South Project (comprising the EL9719 and EL9720 tenements) is strategically located within the Molong Volcanic Belt, within the prolifically mineralised Lachlan Transverse Zone. This zone hosts significant porphyry and skarn systems, including Cadia-Ridgeway, Northparkes, and Cargo.

The project area, EL9720, comprises fault-affected Silurian and Ordovician porphyritic volcanics and volcaniclastic sediments. A notable 3.25-kilometre-long magnetic anomaly aligns with the faulted margin of the Ordovician-aged Fairbridge Volcanics, which include porphyritic basalt and related volcaniclastics, as well as the Millambri Formation, which features volcaniclastic sandstones and siltstones.

Resolution Minerals has completed a comprehensive review of the exploration model for the Spur South area. This work incorporated regional and local geological data sourced from the New South Wales Geological Survey’s MINVIEW database. An independent consultant has been engaged to conduct a mineral systems review of the project.

The exploration model aims to align the project with the best-practice exploration methodology, taking into account key mineralisation factors such as regional structure, geology, and hydrothermal fluid dynamics.

Based on regional criteria, the company has determined that the project holds significant potential for large-scale porphyry and porphyry-related (skarn) gold and copper mineralisation.

Additionally, the magnetic high anomaly is considered a potential target for such mineralisation.

Next Steps at Spur South

To better define the magnetic anomaly at the project, RML plans a series of exploration activities. These may include:

• Reprocessing and remodelling of existing geophysical datasets
• Field reconnaissance, mapping, and sampling
• Targeted ground or drone-based magnetic surveys
• Induced Polarisation (IP) surveys
• Initial reconnaissance drilling

Land Access Progress at Drake East

At the Drake East Antimony-Gold Project, the company’s tenement managers are currently advancing title searches for land access required for non-ground-disturbing exploration work. Initial field programs will focus on mapping and sampling known Au-Sb veins that occur in the southwestern portion of the project area.

RML shares were trading at AU$0.009 per share at the time of writing on 12 May 2025.