Quarterly Activities Report (June 2023)
HIGHLIGHTS
Exploration
George Project, S.A.
• Placement to progress the George Project
Benmara Battery Metals Project, N.T
• Grant awarded for Benmara Battery Metals Project drilling program
• Drill targets confirmed at the Benmara Project
Corporate
• Appointment of new Managing Director
• Cash at bank as at 30 June 2023 of $1.3 million
Since officially starting with Resolution partway through the last quarter, I have been impressed by the Company’s potential. Having spent 25 years working in a variety of roles across the resources sector, RML stands out in the junior space for its diverse portfolio of gold and battery metals projects. Over the past couple of months, I have been working with the team to convert that potential into value for shareholders.
At the George Project in South Australia, the exploration team has been in the field verifying historical data and doing the preliminary groundwork required to advance the scoping study at the Etadunna High-Purity Silica Sand Prospect. The successful placement in April has given us the funding to evaluate this emerging opportunity.
The highlight of the quarter for me, has been the work done by Exploration Manager Christine Lawley and her team on the Benmara Battery Metals Project. This includes both the successful application to the Northern Territory's Geophysics and Drilling Collaborations program, as well as the extensive drill targeting process that was completed in early July. The new $150,000 grant will complement the existing funding secured via our farm-in agreement with the BHP Group and means that we can test two highly prospective and large-scale targets on the Fish River and Bauhinia Fault systems over the next quarter.
I look forward to sharing the next steps in our journey to discovery success with you.
Chris
Chris McFadden
Managing Director
Resolution Minerals Ltd
