Marquee’s Mt Clement Exploration Raises Stakes Ahead of Maiden Drilling

Exploration Momentum Builds at Mt Clement

Marquee Resources Limited (ASX:MQR) has delivered a compelling update on its Mt Clement Sb-Au Project, located in the northern Capricorn Orogen. The company’s recent fieldwork, including rock chip sampling and a comprehensive soil geochemical program, has identified multiple antimony-lead zones that reinforce the prospectivity of its tenure adjacent to Black Cat Syndicate’s Eastern Hills Deposit.

The latest batch of assays from 27 rock chip samples collected in November 2024 returned standout results, with antimony (Sb) concentrations reaching as high as 9,140ppm and lead (Pb) up to 7,070ppm. These findings complement earlier samples and historical drilling data, collectively suggesting significant extensions to the known mineralisation along the Taipan structural trend.

Soil Sampling Defines Regional Targets

In parallel, Marquee completed a 1,155-point UltraFine Fraction soil sampling program that delineated several broad anomalous zones with coincident gold, arsenic, antimony, and lead signatures. Notably, a 900 by 800-metre Sb-Pb-As halo was identified directly along strike from the Eastern Hills Deposit, highlighting a substantial footprint for further exploration. The company plans infill sampling and detailed geological mapping to refine these targets.

Advancing Towards Drilling

With these encouraging results, Marquee is rapidly progressing towards its maiden drilling campaign at Mt Clement. Heritage surveys with the Jurruru Native Title Party are scheduled for Q1 2025, marking a critical step before drilling can commence. The company’s Executive Chairman, Charles Thomas, emphasised the significance of this milestone, noting the strong potential for resource growth and the strategic importance of antimony as a critical mineral in global markets.

Marquee’s exploration strategy remains focused on systematically unlocking the full potential of the Mt Clement Project. The combination of high-grade surface assays, extensive soil geochemistry, and historical data provides a robust foundation for targeting extensions of the Eastern Hills mineralisation and uncovering new zones within the project area.

Strategic Positioning in a Critical Mineral Market

Antimony is increasingly recognised for its role in flame retardants, batteries, and other industrial applications, driving demand amid tightening supply chains. Marquee’s early-stage but promising exploration results position the company well to capitalise on this trend. The Mt Clement Project’s proximity to established deposits and infrastructure further enhances its appeal.

While the geology remains broadly mapped and exploration is in its infancy, the company’s methodical approach and encouraging assay results suggest a meaningful opportunity to define a significant antimony resource. Investors and analysts will be watching closely as Marquee moves into drilling and further delineation phases.