Zeus Resources has made significant progress in its December quarter activities, advancing trenching at the Casablanca Antimony Project and confirming gold and lithium anomalies at Blue Hill. The company also reported stable cash reserves and key corporate developments following its 2025 AGM.
- Trenching commenced on approved land at Casablanca Antimony Project
- Soil sampling at Blue Hill reveals gold and lithium anomalism
- Application submitted for four-year extension of Moroccan research permits
- 2025 AGM passed most resolutions except additional placement capacity
- Cash position strong at A$1.726 million with no debt
Exploration Progress at Casablanca
Zeus Resources has taken important steps forward at its Casablanca Antimony Project in Morocco during the December 2025 quarter. After securing necessary permits and land access approvals, including on privately held and forestry-administered lands, the company mobilised excavation equipment to begin trenching activities. This initial work is focused on areas with regulatory clearance, with further trenching contingent on completing administrative processes and fee payments. The project’s high-grade antimony potential, highlighted by previous rock chip assays showing up to 46.5% antimony, continues to underpin Zeus’s exploration strategy in this strategically important mineral.
Encouraging Soil Sampling at Blue Hill
In Western Australia, the Blue Hill Project saw the collection of 50 soil samples during August 2025, targeting gold, base metals, and lithium. Results confirmed gold anomalism at the end of one traverse and lithium anomalism along another, reinforcing the prospectivity of the area for critical minerals. The company plans further soil sampling traverses in the coming year to refine potential drilling targets, signalling a methodical approach to advancing this project.
Kalabity Project and Permit Extensions
No field activities were undertaken at the Kalabity Project in South Australia during the quarter, but the project remains in good standing. Zeus is progressing preparatory work, including heritage arrangements, to support future exploration. Meanwhile, the company has submitted applications for a four-year extension of its Moroccan research permits, supported by completed exploration and planned work programs, reflecting a commitment to sustained development in the region.
Corporate and Financial Updates
The 2025 Annual General Meeting held in November saw shareholders approve most resolutions, including the issuance of 36 million performance rights to directors, but rejected the proposal for an additional 10% placement capacity under ASX Listing Rule 7.1A. This outcome may influence the company’s future capital raising flexibility. Additionally, 31.25 million shares previously escrowed as part of the Casablanca acquisition were released in January 2026. Financially, Zeus Resources ended the quarter with a healthy cash balance of A$1.726 million and no debt, while exploration expenditure for the period was approximately $112,000. Payments to related parties amounted to $85,017, covering directors and administrative fees.
Looking Ahead
Zeus Resources is clearly advancing its exploration agenda with a disciplined approach to regulatory compliance and project development. The combination of high-grade antimony potential in Morocco and promising gold and lithium anomalies in Western Australia positions the company well within the critical minerals sector. However, the rejection of additional placement capacity at the AGM and the reliance on administrative approvals for further trenching highlight areas to watch as the company seeks to translate exploration into value creation.
Bottom Line?
Zeus Resources is steadily building momentum across its portfolio, but upcoming permit approvals and capital strategies will be key to sustaining progress.
Questions in the middle?
- Will Zeus secure broader approvals to expand trenching at Casablanca beyond initial areas?
- How will the AGM resolution failure on placement capacity impact future fundraising plans?
- What timelines can investors expect for drilling targets to emerge from Blue Hill soil sampling?