Drake East Project
OVERVIEW
The Drake East Antimony-Gold Project covers 108 sq km of northeastern NSW and is known to host high-grade antimony (Sb), high-grade gold (Au) and high-grade silver (Ag) mineralisation including peak values of:
- 5.72% Sb (Ball&Smith’sMine)
- 60.9 g/t Au (Pine Gully Prospect–Malachite Resources)
- 214 g/t Ag
The Drake East Project is located in a region well known for hosting high-grade antimony mineralisation, including Larvotto Resources’ (ASX: LRV) Hillgrove Mine and Trigg’s (ASX: TGM) Wild Cattle Creek deposit. Hillgrove is among the ten largest antimony resources globally and is Australia’s largest antimony deposit.
The Drake East Project is situated immediately adjacent to the Legacy Minerals Holdings Ltd (ASX: LGM) Drake Gold-Copper Project in NSW, Australia, where they are developing a significant epithermal gold-copper mineralised system. Legacy’s project area contains 24 antimony occurrences, primarily concentrated near the western boundary of Drake East. Recent rock chip results from Legacy (ASX announcement 26 February 2025) include 30% Sb and 0.38g/t Au (Sample 9979) from the Lunatic Prospect, located just 2.2km from Drake East.
"The acquisitions are largely through the issue of share capital and represent an exceptional exploration opportunity for the Company and value for the shareholders”
- RML’s Executive Director, Aharon Zaetz
ANTIMONY POTENTIAL
RML’s Drake East Project has fourteen known antimony occurrences, including the well-documented Mosquito Creek Antimony-Gold Reef. In this location, antimony and gold are associated with a vein system that is 1,000 metres long. Antimony (and gold) mineralisation seems to be closely linked with NE-SW structures that diverge from the Jump Up Fault.
The Ball & Smiths Lode is another significant antimony occurrence, centred in the southern half of the project area. Juxtaposed with several other antimony and gold occurrences, Ball & Smiths Lode is a historic 1870s mine featuring shafts and open pits. Assays from Sample Number G00/363 report 5.72% Sb and 0.26g/t Au.
The Drake East project represents a low-cost entry into the critical metals sector for RML. In the short term, the company plans to review previous data, generate drill targets based on known antimony mineralisation, and, should the results be positive, reopen these historic mines within a relatively short timeframe.
COPPER & GOLD Potential
As well developing the antimony potential of the Drake East Project, the Company will also pursue the gold, silver and copper potential.
Drake East has 56 documented historic gold occurrences, with assays at Pine Gully returning up to 60.9 g/t, and historic production at Bucklands Reef of 100 tonnes @ 32.6 g/t Au. The limited amount of modern exploration at Drake East represents a significant opportunity for Resolution Minerals to apply modern exploration techniques to this region.
