RESPONSE TO ASX PRICE QUERY
Executive Summary:
Resolution Minerals Ltd (the Company) (ASX: RML) provides the following responses to your letter dated 14 April 2020.
1. Is RML aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?
No. RML is not aware of any information concerning RML that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities.
2. If the answer to question 1 is “yes”.
Is RML relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in RML’s securities would suggest to ASX that such informationmay have ceased to be confidential and therefore RML may no longer be able to rely on ListingRule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.
Can an announcement be made immediately? Please note, if the answer to this question is “no”,you need to contact us immediately to discuss requesting a trading halt (see below).
If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
Not applicable.
If the answer to question 1 is “no”, is there any other explanation that RML may have for the recent trading in its securities?
On 31 March 2020, RML provided an operations update to the market regarding its flagship 64North project in Alaska. At that point, the Company advised that it had completed approximately 650 metres of diamond drilling at its maiden drilling program on the compelling Aurora Targets locatedclose to Northern Star’s (ASX:NST) high grade Pogo Gold Mine claim boundary. Initial visual observations and logging of drill core confirmed a Pogo-style mineral system present at RML’sAurora Target area. Further, RML advised that assay results from this drilling program were expected approximately 4 weeks from that time – due in approximately 2 weeks’ time from today.
Additionally, the gold price has reached a 7 year high in US$ terms and may be contributing tointerest in RML’s projects.
The Company is not aware of any other specific information that may explain the recent trading in its securities.
4. Please confirm that RML is complying with the Listing Rules and, in particular, Listing Rule 3.1.
RML confirms that the Company is complying with the Listing Rules and, in particular, Listing Rule 3.1.
5. Please confirm that RML’s responses to the questions above have been authorised and approved under itspublished continuous disclosure policy or otherwise by its board or an officer of RML with delegated authority from the board to respond to ASX on disclosure matters.
RML confirms that the responses have been authorised by its board.
