Can Marquee Resources Unlock High-Grade Gold at Mt Clement in 2026?
Marquee Resources Limited is advancing its early-stage gold exploration at Mt Clement, Western Australia, highlighted by standout rock-chip results at the Black Adder prospect. The company plans a focused, low-cost program in 2026 to validate targets and progress towards drilling.
- High-grade gold up to 9.7 g/t Au at Black Adder prospect
- District-scale landholding of ~149 km² in underexplored Pilbara region
- Multiple gold target areas including Black Adder and Hardey Junction
- 2026 exploration program to include mapping, sampling, and scout drilling
- Ongoing native title negotiations with local Indigenous groups
Early-Stage Gold Exploration in a Promising District
Marquee Resources Limited (ASX, MQR) has unveiled its strategic focus on gold exploration within the Mt Clement district of Western Australia's Pilbara region. The company’s portfolio covers a substantial landholding of approximately 149 square kilometres, encompassing several discrete gold targets at various stages of exploration. This district-scale position offers significant upside potential in a region that has seen limited modern exploration.
Central to Marquee’s current efforts is the Black Adder prospect, where recent orientation rock-chip sampling has returned impressive gold grades up to 9.7 grams per tonne. These results not only confirm the prospect’s gold fertility but also establish a robust pathfinder geochemical signature, including strong arsenic, antimony, bismuth, and copper anomalies. This early success has elevated Black Adder to a high-priority target within Marquee’s exploration strategy.
A Multi-Target Approach with Modern Techniques
Beyond Black Adder, Marquee’s portfolio includes other promising targets such as Hardey Junction, Yandi Well, and Mt Edit North and South. Hardey Junction, in particular, represents a “right geology, wrong era” opportunity where historical drilling was shallow and widely spaced, lacking the benefit of modern geochemical and structural analysis. Marquee intends to apply contemporary exploration methods, including detailed mapping, multi-element geochemistry, and structural interpretation, to unlock value missed by earlier programs.
The company’s approach balances multiple shots on goal with capital discipline, focusing initial efforts on the highest-confidence targets. The 2026 program is designed to be low-cost yet effective, aiming to validate target concepts through systematic surface sampling and mapping, followed by first-pass scout drilling scheduled for late in the year.
Corporate and Community Engagement
Marquee Resources is led by a team with extensive experience in exploration and capital markets, including Chief Technical Officer Jonathan Currell and Executive Chairman Charles Thomas. The company maintains a strong cash position of over $1 million as of the December quarter, supporting its near-term exploration plans.
Importantly, Marquee is actively managing native title considerations, engaging with the PKKP, Thudgari, and Jurruru peoples. Heritage surveys and heritage protection agreements are in place or progressing, reflecting the company’s commitment to responsible exploration practices in the region.
Looking Ahead
While the exploration targets remain conceptual and no Mineral Resources have yet been defined, Marquee’s early results and strategic land position provide a compelling foundation for discovery. The company’s upcoming activities in 2026 will be critical in validating these targets and potentially unlocking significant value for investors in a historically underexplored gold district.
Bottom Line?
Marquee’s 2026 exploration program at Mt Clement could be the catalyst that transforms early promise into a tangible gold discovery.
Questions in the middle?
- Will the upcoming scout drilling at Black Adder confirm continuity of high-grade gold mineralisation?
- How will native title negotiations impact the timing and scope of exploration activities?
- What potential exists for expanding the portfolio’s conceptual targets into defined Mineral Resources?
