Benmara Project

“The Benmara Project is complementary to our nearby Wollogorang Project, which is highly prospective for sedimentary hosted battery metals Copper and Cobalt. The geographic location will allow RML to focus our Australian exploration efforts on battery metals in the Northern Territory in 2021.

This fits with our Company mantra of “hunting for giants - in big country” with gold in Alaska at our flagship 64North Project and copper in the Northern Territory at the Wollogorang and Benmara Projects.”

- Managing Director Duncan Chessell

OVERVIEW

Resolution Minerals holds a commanding ground position of over 3,000km² on the northern edge of the South Nicholson Basin, which is one of the most under-explored sedimentary basins in Australia. The Benmara project is bisected by several fault systems that are analogous to the rocks that host the world-class McArthur River Mine, Walford Creek deposit, and several other significant deposits in the region. The Project is fully funded for the next 5 years through a Farm-in agreement with the BHP Group.

FARM IN AND JV AGREEMENT

In May 2022 Resolution Minerals entered into a significant, multi-year farm-in and joint venture agreement with BHP (formerly OZ Minerals). BHP can earn a 51% interest by spending $4m over 5 years. The agreement will allow RML and BHP to fast-track the search for copper discoveries on the Benmara Project, located in the South Nicholson Basin in the Northern Territory.

READ MORE ABOUT THE AGREEMENT

THE GEOLOGY

The Benmara Project is in many respects, a new geological frontier. Until recently, the Benmara Group was considered to be geologically younger. However in 2020, geochronology published by Geoscience Australia demonstrated that this belief was incorrect and, more importantly, that the Benmara Group is Paleoproterozoic rather than Mesoproterozoic. This means the rocks are stratigraphically and temporally equivalent to the prospective Fickling Group (Walford Creek Deposit) and the McNamara Group (Century Mine). The Exploring for the Future initiative found evidence of a regional shallow-marine hydrothermal circulatory system. This system shares its age with the base metal mineralisation in the resource-rich Mount Isa Province and further supports the prospectivity of the Benmara Project.