Highlights
- Maiden resource estimate for Mt Clement expected soon
- Drilling identifies multiple mineralisation zones
- Preparations underway for extensive second phase exploration
Marquee Resources (ASX:MQR) is progressing toward a key milestone at its Eastern Hills Antimony-Gold Project in Western Australia. The company is preparing to release a maiden resource estimate for the Mt Clement deposit by the end of August 2025, following a successful initial drilling program.
This advancement underscores the company's continued efforts to build its presence within Australia's mining sector. While not currently listed among ASX 200 companies, Marquee Resources is drawing attention through consistent developments across its project portfolio.
Initial Drilling Unlocks New Structural Insights
The recently completed reverse circulation drilling campaign at Mt Clement exceeded the initial plan, with every drill hole intersecting mineralisation. These intersections have confirmed extensions to known mineral zones and unveiled a new sub-cropping structure. This emerging feature could significantly enhance the scale and understanding of the deposit's geology.
With further multi-element assays expected in the coming weeks, the data is anticipated to refine the targeting for the next stage of drilling. The findings are not expected to alter the already-reported results for antimony and lead, allowing the project team to maintain its momentum as it transitions into the second exploration phase.
Phase Two Program to Expand Resource Potential
The upcoming phase two drilling program, fully permitted and expected to commence this quarter, will build on the initial discoveries. Marquee Resources is focused on expanding its resource base, both by identifying new mineralised zones and by extending known mineralisation.
The broader strategy revolves around enhancing the project's economic scale and positioning Mt Clement as a significant contributor within the company’s diversified portfolio across Western Australia.
Marquee Resources remains committed to leveraging geological insights gained from its exploration work to drive future growth. The ongoing work at Eastern Hills reflects the company’s intent to strengthen its standing in Australia’s mineral exploration landscape.
Frequently Asked Questions
- What is the significance of the Mt Clement project for Marquee Resources?
Mt Clement represents a core exploration asset for Marquee Resources and is integral to its strategic growth in the antimony and gold segments. - What recent progress has been made at Mt Clement?
A maiden resource estimate is expected soon, following successful drilling that intersected multiple mineral zones and identified new structures. - When will further drilling activities resume at the project?
An extensive second phase of drilling is planned to begin later this quarter to build on the initial exploration success.