OPERATIONS UPDATE & BOARD CHANGE
Resolution’s 100% owned George Project, South Australia
• Resolution Minerals’ strategy to focus on new-energy-metals continues to move forward
• Recent progress on negotiating a Native Title Mining Agreement at the George Project brings Resolution Minerals closer to drill testing the Etadunna High Purity Silica Sands (HPSS) Prospect
• Analysis of the recently staked 100% owned Allegra Nickel Project has revealed a strong opportunity to capitalise on increasing demands for nickel to support the global energy transition, and will be a key project in the Company’s vision to discover and develop multiple new-energy metals deposits worldwide
• Resolution will monetise or farm out non-core assets to enable focus on HPSS and nickel exploration; for example, the BHP-funded exploration on the Benmara Project is ongoing, which is both non-dilutive and provides significant long-term upside for shareholders
• Managing Director, Chris McFadden, has resigned to focus on his role as Chair of NexGen Energy (NYSE: NXE, ASX: NXG). A replacement director will be appointed in the coming weeks.
We look forward to working with the Dieri Aboriginal Corporation (TDAC) to progress exploration for High Purity Silica Sand and Uranium on the 100% owned George Project. The positive vote from traditional owners, of the Native Title Mining Agreement is an important milestone in the lead up to drill testing the project early in 2024.
The 100% held Allegra Nickel Project in Alaska is prospective for high-grade massive nickel sulphides in addition to the high-tonnage, lower grade disseminated nickel sulphide. Nickel is critical for the global energy transition and it’s important this be underpinned by a supply chain that is aligned with positive ESG (environmental, social and governance), which the opportunity at the Allegra Project offers.
- Christine Lawley, Exploration Manager, Resolution Minerals