In the March quarter, Resolution Minerals Ltd broadened its exploration footprint with the acquisition of three new Australian mineral projects and the identification of high-potential mineralised systems through advanced survey work.
New tenements added
In March 2025, the company picked up three projects for its portfolio – the Drake East Antimony-Gold Project and Spur South Gold-Copper Project in New South Wales, along with the Neardie Antimony Project in Queensland.
The acquisition involved a payment of A$70,000 and the issue of 25 million RML shares.
These scores offer strong exposure to high-grade antimony, gold and silver mineralisation.
At Drake East, historical records highlight mineralisation extending over a 15 kilometre strike, with past sampling returning peak values of 5.72% antimony, 60.9 g/t gold and 214 g/t silver.
The Neardie Project, which includes three past-producing antimony mines, has returned assays as high as 19.5% antimony.
Meanwhile, Spur South, in the prolific Macquarie Arc, hosts a magnetic anomaly interpreted to be analogous to nearby mineralised systems.
As part of ongoing exploration efforts, the company conducted LiDAR reprocessing and interpretation over Drake East during the quarter.
The final results, published post-period, revealed 791 mine workings, including 742 pits, 33 shafts and 16 adits – far exceeding initial expectations.
Many of these workings correlate with historical gold and antimony prospects, with several additional anomalies not recorded earlier.
Five key zones of concentrated activity have been identified for follow-up exploration, including the Hedley’s-Gully and Pine Gully–Mosquito Creek areas.
Resolution has also maintained active tenement management across its portfolio, keeping all licences in good standing across its projects in the Northern Territory, South Australia and Alaska.
Balance sheet strength
On the corporate front, the company raised A$1.55 million via a placement during the quarter, strengthening its balance sheet.
Cash at bank as of March 31 stood at A$998,000. Operationally, RML laid down A$37,000 on exploration activities – mainly covering tenement maintenance and technical consultant fees – and A$49,000 in executive director fees as disclosed in its Appendix 5B.
Looking ahead, the company plans to build on this momentum by initiating fieldwork across its new acquisitions and assessing opportunities for further asset optimisation through acquisitions or divestments.