Resolution Minerals Further Advances Transition from Critical Minerals Explorer to Developer

Core Insights - Resolution Minerals announced the discovery of new gold occurrences and the appointment of key consultants as it transitions from a critical minerals explorer to a developer [1] Gold Discovery - The company confirmed significant new mineralisation at the Golden Gate prospect during its maiden diamond drilling, with results including 253 metres at 1.50 grams per tonne gold from surface, featuring 111.9m at 2.31g/t from 130.5m and 18.3m at 3.98g/t from 149.4m, with a peak result of 5.91g/t gold over a downhole width of 1.5m [2] - Additional highlights included 265.2m at 0.60g/t gold from surface, with 89.9m at 1.15g/t from 121.9m, and 240.8m at 0.64g/t gold from surface to end-of-hole, including 61.6m at 0.98g/t from 40.5m and 35.8m at 0.83g/t from 119.5m [3] - At the end of the quarter, the Golden Gate North area remained open in all directions [3] Drilling Programs - The company completed a shallow, three-hole reverse circulation drilling program to test for northern, southern, and western strike extensions and to follow up on diamond work in the northern third of the prospect area [4] Acquisition of Remington Capital - Resolution secured the purchase of Canadian company Remington Capital Corporation, which includes an option to acquire the Johnson Creek tungsten-antimony mill, camp, and other assets near the Horse Heaven project in Idaho [5] - The acquisition encompasses approximately 2,000 tonnes of tungsten ore from Resolution's past-producing Golden Gate mine [5] - The transaction also included an old mill designed for processing antimony and tungsten, along with a camp on 10 acres of private land, which is well-situated to support exploration and processing activities [6] Metallurgical Program - The company engaged Kingston Process Metallurgy (KPM) to conduct critical ore characterisation and concentration test work on high-grade antimony samples from Antimony Ridge [7] - The metallurgical program will involve sending samples to labs in Canada and Australia for multi-element analytical characterisation, impurity screening, mineralogical analysis, and assessment of optimal processing pathways for antimony [8] - KPM will also perform pyrometallurgical support test work to produce antimony trioxide and metal samples, providing insights into recovery and purity via conventional processing [9] Strategic Development - Resolution engaged the Australian Nuclear Science and Technology Organisation (ANSTO) for hydrometallurgical test work on high-grade samples from Antimony Ridge, aiding in the development of an integrated recovery flowsheet [9] - The work from KPM and ANSTO will inform a simplified options study on Antimony Ridge samples, guiding the company in determining the ideal processing route [10] - Independent Metallurgical Operations conducted characterisation and concentration test work on low-grade samples from various sites, contributing to the development of ore concentration flowsheets [11] - Tribeca Capital was appointed as a corporate advisor to assist in developing the US critical minerals strategy, which includes offtake partnerships, acquisition opportunities, and a proposed NASDAQ listing [12] - The strategy aims to fast-track antimony production at Horse Heaven to address US national critical metals supply deficits and demonstrate production capability to secure non-dilutive funding and advance permitting [13]