Quarterly Report (June 2022)
WATCH: New Managing Director Steven Groves introduces himself to shareholders and discusses the significant progress made in the last quarter.
64North Gold Project, Alaska
• High priority drill targets defined at Tourmaline Ridge Prospect
• Drilling commenced at Tourmaline Ridge
Northern Territory Battery Metals Benmara Project
• Significant $4m Farm in and JV agreement with OZ Minerals
• Appointment of new Managing Director, Steven Groves
• Successful Placement and Rights Issue to progress the 64North Project
• Cash at bank on 30 June 2022 of $2.3 million
"Significant progress has been made across all our projects during the Quarter, setting the Company up for a sustained period of exploration success and corresponding news flow.
Diamond drilling commenced in Alaska at the Tourmaline Ridge Prospect in June, targeting a recently re-interpreted, Pogo-style mineralised vein system a few kilometres along strike from the 12m oz Pogo Gold Deposit.
In the Northern Territory, planning is well advanced in preparation for a significant drilling program of up to 6,500m targeting battery and base metals at the Wollogorang Project. Due to commence later this year, this program is fully funded by our JV partner OZ Minerals.
In a major show of support for our battery metals targets in the NT, the Company entered into a $4m JV with OZ Minerals over the Benmara Project, increasing our partnership with OZ Minerals to cover over 7,500km2 of highly prospective, underexplored ground.
The company also undertook a successful capital raise to secure sufficient resources to continue to fund our priority exploration programs at 64North and Carrara Range.
It’s a privilege to be joining the team at Resolution as the Company embarks on an exciting exploration phase for the remainder of 2022"
- Managing Director Steven Groves