Resolution Minerals Secures $7M Loan, Acquires Idaho Horse Heaven Project

Expanding the US Critical Minerals Footprint

Resolution Minerals Ltd (ASX, RML) has taken a significant step in consolidating its position in the antimony and gold sector with the acquisition of the Horse Heaven Gold Antimony, Silver and Tungsten Project located in Idaho, USA. This brownfields project, situated in the historic Stibnite Mining District, adds considerable depth to the company’s portfolio, which already includes promising assets in New South Wales, Australia.

The Horse Heaven Project is notable for its two major prospects; the Golden Gate Fault Zone and the Antimony Ridge Fault Zone; both structurally controlled and open-ended, with historical mining activity and non-JORC compliant resource estimates. While these historical figures require further validation under modern standards, past drilling and sampling have yielded encouraging grades of gold, antimony, silver, and tungsten, suggesting substantial exploration upside.

Advancing Australian Projects with Modern Techniques

Back in Australia, Resolution Minerals has leveraged advanced LiDAR technology to enhance understanding of its Drake East Project in New South Wales. The survey identified nearly 800 historical mine workings, including pits, shafts, and adits, linked to vein-type gold and antimony mineralisation. This detailed mapping supports the project's potential for high-grade mineralisation, complementing the company’s broader strategy in the region.

Additionally, a review of the Spur South Gold Copper Project has highlighted its potential for porphyry-skarn style mineralisation; a geological setting known to host significant deposits. Located within a prolific mineral corridor near major operations like Newmont’s Cadia-Ridgeway, Spur South’s unexplained magnetic anomalies warrant further exploration.

Strategic Moves and Financial Positioning

Resolution Minerals has bolstered its technical and strategic capabilities with key appointments, including Austin Zinsser as Technical Advisor for Horse Heaven, bringing direct experience from the neighbouring Stibnite Mine. The company also engaged Clewett Global Services to expedite permitting and pursue US Department of Defense funding, reflecting the strategic importance of critical minerals to national security.

On the corporate front, Resolution is preparing for a NASDAQ listing targeted for Q4 2025, supported by New York-based investment advisors. An initial OTC listing is imminent, serving as a stepping stone to the larger US market. The company has secured a $7 million non-dilutive loan facility and completed a $1.9 million share placement, with additional funding expected from option exercises, positioning it well to advance its exploration and development plans.

Outlook and Market Context

Resolution Minerals’ strategic acquisitions and technical progress come at a time when the US government is intensifying support for domestic critical minerals projects, including substantial investments by the Department of Defense and private sector players. This geopolitical backdrop enhances the potential value of Resolution’s US assets, particularly Horse Heaven, which neighbors a major project owned by Perpetua Resources.

While exploration expenditure was modest during the quarter as the company focused on due diligence and acquisitions, the groundwork laid through LiDAR surveys, geological reviews, and strategic hires sets a strong foundation for upcoming drilling campaigns and resource validation. Investors will be watching closely as Resolution transitions from consolidation to active development and market engagement.