HIGHLIGHTS
- RML has received a final report for a High-quality Light Detection and Ranging (“LiDAR”) interpretation conducted at the Company’s Drake East Antimony-Gold Project. A total of 791 mine workings, including 742 pits, 33 shafts and 16 adits, have been interpreted across the Drake East Project area.
- The vast majority of these mine workings correspond to the seventy historical [mostly] gold and antimony prospects recorded at Drake East. CAUTIONARY NOTE: The gold and antimony prospects are historical and are not 2012 JORC Code compliant. The Competent Person has not done sufficient work to classify these occurrences as mineral resources in accordance with the 2012 JORC Code. There are no guarantees that further tests would elevate these occurrences to 2012 JORC Code compliancy.
- The antimony / antimony-gold mineralisation is classified as antimony-quartz, antimony-gold-quartz, and antimony-gold-tungsten-quartz vein-type.
- The Hedley’s Antimony and Hensen Hills Antimony Prospect areas are believed part of a large NE-SW orientated antimony-gold mineral field that also includes the Lunatic Antimony Field which occurs on Legacy Minerals’ Drake Project (ASX: LGM).
- The LGM Lunatic Antimony Field hosts vein-hosted mineralisation with peak grades of 30% antimony and 85g/t gold. Refer to LGM Announcement dated 26 February 2025.
- As previously announced by RML (ASX announcement 10 March and 26 March 2025) Drake East hosts high-grade antimony, high-grade gold, and high-grade silver mineralisation, including peak values of 5.72% Sb, 60.9 g/t Au and 214 g/t Ag from sampling of various historical workings.
- LiDAR interpretations have also identified a concentration of placer gold mine workings covering an estimated area of 135,500 square metres in the Lanikai Alluvial Prospect area.
- RML to expedite fieldwork including geological mapping and geochemical rock chip sampling.
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