Resolution Minerals Finalises Purchase of Key Horse Heaven Project Ahead of Planned NASDAQ Listing

Resolution Minerals (ASX: RML) has significantly expanded its North American critical minerals footprint with the acquisition of the Horse Heaven gold-antimony-silver-tungsten project in Idaho, USA, and announced strategic steps towards a planned NASDAQ listing later this year.

Resolution has appointed former Perpetua resource geologist Mr Austin Zinsser as technical advisor and engaged Clewett Global Services to support permitting and Department of Defense (DOD) funding applications.

The company has also enlisted two experienced New York investment advisory firms to guide its transition onto the NASDAQ, following an initial OTC listing in the coming weeks.

Two Large-Scale Prospects

Located in the historic Stibnite mining district, Horse Heaven hosts two large-scale prospects—Antimony Ridge and Golden Gate Hill—across a combined 4.7-kilometre strike.

The project adjoins Perpetua Resources’ Stibnite project, which has received US DOD backing, and is considered prospective for both disseminated and vein-hosted mineralisation.

Historical work has identified non-JORC compliant resources totalling 286,000 ounces of gold, with past drill results including 85.34 metres at 0.937grams per tonne gold and rock chip assays up to 5.99g/t gold, 367g/t silver and 19.15% antimony.

Drake East / Spur South Studies

In New South Wales, the company reported final Light Detection and Ranging results at the Drake East gold-antimony project, that identified more than 790 historical mine workings.

Sampling has confirmed high-grade occurrences of gold (up to 60.9g/t), silver (214g/t) and antimony (5.72%) across several zones including Hensen Hills and the Lanikai alluvial area.

At Spur South, Resolution completed a geological review that confirmed potential for Cadia-style porphyry-skarn mineralisation, also identifying a 3.25km magnetic anomaly coincident with structural boundaries as a prospective target for future drilling.

The Spur South project lies within the Lachlan Transverse Zone, a proven corridor that hosts several major systems including Northparkes and Ridgeway.

Portfolio Rationalisation

Resolution continues to optimise its exploration holdings, relinquishing multiple Northern Territory tenements while acquiring full ownership of the 64North project in Alaska.

The company is also evaluating ultra-high purity quartz and uranium potential at the George project in South Australia.

Resolution appointed strategic advisers Steve Promnitz and Brett Lynch to support the company’s US critical minerals strategy.

Both executives bring deep experience in building multi-billion-dollar battery metals companies and will lead investor and government engagement efforts in North America.

Strong Financial Position

Resolution ended the quarter with $1.17 million in cash and has since completed a $1.9m placement, already receiving $1.55m in June with the balance due in July.

The company has also begun receiving option conversion funds, with $190,000 banked to this point, and Resolution anticipates receiving as much as $6m in additional commitments from existing holders.

A $7m non-dilutive loan facility from Oakley Capital Partners brings Resolution’s potential total funding availability to more than $10m, not including the company’s at-the-market facility with Acuity Capital and other investments.

Strengthened US exposure, along with its high-grade antimony-gold portfolio and experienced leadership team positions Resolution well to capitalise on rising geopolitical demand for critical minerals.