HIGHLIGHTS
Resolution Minerals Ltd (ASX:RML; OTCQB: RLMF) (“Resolution” or the “Company”) is pleased to announce the successful completion of its acquisition of the Johnson Creek Tungsten & Antimony Mill, associated infrastructure, and 2,000 tonnes of tungsten ore stockpiles located adjacent to its Horse Heaven Project in Idaho, USA.
The estimate is both a Historical Estimate and a Foreign Estimate and is not reported in accordance with the JORC (2012) Code. A Competent Person has not done sufficient work to classify the Historical Estimate and the Foreign Estimate as a mineral resource or mineral reserve in accordance with the JORC (2012) Code. It is uncertain that following evaluation and/or further exploration work (as described above) that the Historical Estimate and the Foreign Estimate will be able to be reported as a mineral resource or mineral
reserve in accordance with the JORC (2012) Code.
Resolution intends to position itself as one of the few U.S.-focused critical minerals companies with potential in-house processing capability for antimony, tungsten, and gold. RML’s Horse Heaven project supplied the US Government with antimony during World War I, World War II and the Korean War efforts and was mined for tungsten into the 1980’s RML is aiming to bring Horse Heaven back into production on an expedited timeframe amidst an urgent need to rebuild US critical metal supply chains and record high prices.
Completion of this acquisition represents a pivotal leap in Resolution’s strategy to become a U.S.-based critical minerals producer. Securing processing location alongside our Horse Heaven Project significantly accelerates our pathway toward planned antimony and tungsten production and strengthens our ability to support Western supply chain security.
