Quarterly Activities Report (March 2023)
The last Quarter has seen Resolution Minerals (ASX: RML) continue to expand our portfolio of New Energy Metals Assets.
The headline for this was unearthing the George Project in South Australia. This project is highly prospective for High-Purity Silica Sand and Uranium. Of particular interest is the opportunity presented by Silica Sands and the potential for near term value creation for our shareholders. I believe this Project complements our existing Copper, Cobalt, Manganese and Lithium assets. We intend to focus our efforts this year on completing a scoping study on the George Project as quickly as possible.
We also received the results of the drilling program targeting copper mineralisation at the Wollogorang Project. While we were disappointed by the assay results, there were some positives to take out of the program. Our strategy of bringing on board JV partners to de-risk our more greenfields projects was successful and OZ Minerals (OZL) fully funded the high-risk high-reward exploration program. We also continued to strengthen the collaboration between the RML team and the team over at OZL. We look forward to working with them again this year as we refine plans for a drilling program at the nearby Benmara Battery Metals Project.
Lastly, I was encouraged by the Independent Geologist Report on the 64North Project - particularly the sections relating to the East Pogo and Tourmaline Ridge Prospects. The results confirm a lot of the hard work done by the RML team on the ground over the past 3 years.
I look forward to sharing the next steps in our journey to discovery success with you.
Founder and Chairman
Resolution Minerals Ltd