Resolution Minerals Raises A$25M as Horse Heaven Drilling Reveals Tungsten and Antimony Rich Zones

Drilling Success Confirms Critical Minerals Potential

Resolution Minerals Ltd (ASX – RML) has marked a transformative quarter at its flagship Horse Heaven Project in Idaho, USA, completing the first phase of a diamond drilling program that has revealed visible scheelite, a tungsten mineral, alongside promising gold and antimony indicators. The initial 10-hole program, totaling 9,000 feet, has validated the polymetallic potential of the project, particularly at the Golden Gate target where visible tungsten was identified under ultraviolet light. This discovery aligns with geological features seen at the nearby Stibnite Gold Project, reinforcing the strategic importance of Horse Heaven within the U.S. critical minerals landscape.

Surface Sampling Expands Mineralised Footprint

Complementing the drilling results, surface rockchip and soil sampling at Antimony Ridge has delivered exceptional assay results, including antimony grades up to 49.8%, silver at 1,420 g/t, and gold reaching 4.43 g/t. These findings have expanded the known mineralised area substantially, suggesting multiple stacked or parallel zones of mineralisation. The high-grade surface results underscore the project's potential to supply critical minerals essential for U.S. national security and industrial supply chains.

Strategic Capital Raise and Land Expansion

To underpin its accelerated exploration and development plans, Resolution Minerals successfully completed a heavily oversubscribed institutional placement raising A$25.1 million. This capital injection, supported by cornerstone investors including Tribeca Investment Partners, provides the financial foundation for ongoing drilling, downstream metallurgical testwork, and enhanced engagement with U.S. government funding programs. Concurrently, the company expanded its landholding by 600 acres, increasing the Horse Heaven project area to approximately 59 square kilometres, further consolidating its position in this emerging critical minerals district.

Advancing U.S. Market Presence and Government Engagement

Resolution Minerals has made significant strides in its U.S. market strategy, commencing trading on the OTCQB under ticker RLMLF and preparing for a NASDAQ dual listing targeted for early 2026. These moves broaden investor access and align the company with U.S.-listed critical minerals peers. The company has also bolstered its U.S. leadership team with seasoned executives and advisors based in Boise, Idaho, enhancing operational oversight and regulatory liaison. Engagement with Washington-based lobbying firm Thorn Run Partners aims to secure federal funding and fast-track approvals, positioning Horse Heaven as a strategic asset within U.S. supply chain security initiatives.

Downstream Processing and Project Development

Post-quarter developments include the engagement of Kingston Process Metallurgy Inc. to conduct metallurgical testwork on high-grade antimony samples and an option agreement to acquire a processing mill adjacent to the Horse Heaven project. This acquisition could fast-track production capabilities for antimony and tungsten, making Resolution Minerals one of the few U.S. companies with integrated processing facilities for these critical minerals. These steps highlight the company's transition from explorer to emerging developer, aligned with national security priorities and supply chain resilience.