RML: Resolution Minerals 2026 Annual Report to Shareholders

Original announcement by asx on

Company
Resolution Minerals Ltd
Ticker
RML
Exchange
ASX
Region
Idaho, USA
Primary commodity
Antimony
Secondary commodities
Gold, Tungsten, Silver
Document categories
Drill results, Metallurgy, Other
Extracted
2026-09-29 23:04:34 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Resolution Minerals Ltd. reported significant progress in its 2026 Annual Report, primarily driven by the acquisition and advancement of the Horse Heaven Project in Idaho, USA. The company made gold and tungsten discoveries with exceptional grade-thickness products, achieved positive metallurgical test results for multiple commodities, and secured A$47.1 million in institutional funding. Despite these operational successes, the company recorded a substantial net loss of A$53.3 million for the year.

Reasoning: Resolution Minerals Ltd's 2026 Annual Report highlights significant operational advancements at its Horse Heaven Project, including gold and tungsten discoveries with exceptional grade-thickness products, positive metallurgical test results for antimony, gold, and tungsten, and substantial capital raises. However, the company reported a significant net loss for the year, and drill results lack true width and cut-off grade disclosure, while metallurgical results are preliminary.

Positive factors

  • Major Project Acquisition
  • Significant Funding
  • Bonanza Intercept
  • Continuous Intercept
  • New Commodity Discovery
  • High Recovery
  • Strategic Infrastructure Acquisition
  • Non-Core Asset Divestment

Negative factors

  • Substantial Net Loss
  • Apparent Width Only
  • Cut-off Undisclosed
  • Bench Scale Only

Facts used in scoring: 24

Classification and evidence

Major Project Acquisitionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company completed the acquisition of 100% ownership interest in the Horse Heaven Project, a significant critical metals and gold project.

Evidence · text

“Resolution completed the acquisition of a 100% ownership interest in the Horse Heaven Project in July 2025”

Significant Fundingpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company secured A$25.1 million and A$20 million institutional placements, providing substantial funding for its critical minerals strategy.

Evidence · text

“A$25.1 million placement in September 2025 and a further A$20 million institutional placement in April 2026”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Drill intercept of 253.0m @ 1.50g/t Au (including 111.9m @ 2.31g/t Au) and surface rock chip assays up to 49.8% Sb are exceptionally high-grade.

Evidence · text

“253.0m @ 1.50g/t Au from surface, including 111.9m @ 2.31g/t Au from 130.5m in HH-GG250-003C; ... rock chip assays of up to 49.8% Sb”

Continuous Interceptpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Multiple drill intercepts reported widths of over 190m, including 253.0m, 197.5m, 265.2m, 240.8m, 283.5m, and 207.2m.

Evidence · text

“253.0m @ 1.50g/t Au from surface; 197.5m @ 1.26g/t Au from 34.0m; 265.2m @ 0.60g/t Au from surface; 240.8m @ 0.64g/t Au from surface; 283.5m @ 0.36g/t Au from surface; 207.2m @ 0.42g/t Au from surface”

Near Surfacepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Several significant gold intercepts were reported from surface, including 253.0m, 265.2m, 240.8m, 283.5m, and 207.2m.

Evidence · text

“253.0m @ 1.50g/t Au from surface; 265.2m @ 0.60g/t Au from surface; 240.8m @ 0.64g/t Au from surface; 283.5m @ 0.36g/t Au from surface; 207.2m @ 0.42g/t Au from surface”

New Commodity Discoverypositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Tungsten mineralization was identified in Phase 2 drilling, including an intercept of 8m @ 0.14% W.

Evidence · text

“Tungsten mineralisation was identified within the Phase 2 drilling program, including an intercept in HH-GG25-012R of 8m @ 0.14% W from 79.3m”

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Metallurgical test work achieved high recoveries: 99.5% for antimony sulphides, 95.5% for gold from oxide material, and 75.5% for tungsten.

Evidence · text

“sulphide recoveries of up to 99.5%; gold recoveries of up to 95.5% from oxide material; recoveries of up to 75.5%”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Gold recoveries of up to 95.5% were achieved from oxide material through conventional cyanide leaching, indicating free-milling characteristics.

Evidence · text

“gold recoveries of up to 95.5% from oxide material through conventional cyanide leaching”

Concentrate Grade Improvementpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Preliminary gravity separation test work on tungsten stockpile material produced concentrates grading up to 52.3% WO3, representing a 19-fold upgrade from the original sample grade of 1.85% WO3.

Evidence · text

“produced concentrates grading up to 52.3% WO3, with recoveries of up to 75.5%, representing a 19-fold upgrade from the original stockpile sample grade of 1.85% WO3”

Strategic Infrastructure Acquisitionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company acquired the Johnson Creek processing site, including historical tungsten stockpiles and associated infrastructure, providing a strategic base of operations.

Evidence · text

“acquisition of approximately 25 acres of private land adjacent to the Project containing the historical Johnson Creek Tungsten and Antimony Mill, associated infrastructure and historical tungsten stockpiles.”

Non-Core Asset Divestmentpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company completed the sale of its non-core 64North Project for US$1.5 million, allowing it to focus capital and management attention on Horse Heaven.

Evidence · text

“Resolution completed the sale of its non-core 64North Project in Alaska to a wholly owned subsidiary of Northern Star Resources Limited for US$1.5 million in cash.”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The IRGS exploration model at Golden Gate North is noted as a direct geologic analogue to the adjacent Stibnite Gold Project operated by Perpetua Resources Corp.

Evidence · text

“this IRGS model is a direct geologic analogue to the Stibnite Gold Project, a recently permitted gold-antimony project located immediately adjacent to Horse Heaven and operated by Perpetua Resources Corp.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: Drill intercepts are given as downhole lengths without true width or drill orientation information.

Evidence · text

“253.0m @ 1.50g/t Au from surface”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: The document does not disclose the cut-off grades used for reporting drill intercepts.

Evidence · text

“253.0m @ 1.50g/t Au from surface”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Metallurgical test work is described as 'initial' and 'preliminary', indicating it is at the bench-scale stage rather than pilot or demonstration scale.

Evidence · text

“Initial metallurgical test work on Golden Gate composite drill core samples; Preliminary gravity separation test work”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("flotation")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 4 distinct composites were tested

Extracted facts

Stored fact records: 24. Some facts used in scoring do not have a stored record.

Drill Results (20)

HH-GG250-003CGolden Gate North · goldGrade: 1.5Grade Unit: g/tIntercept: 253 mView all details
Link to this fact

Identity

Hole ID
HH-GG250-003C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
1.5
Grade Unit
g/t
Intercept
253 m
From
0 m
To
253 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG250-003C:0-253

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Exceptional grade-thickness product (379.5 g/t·m) from surface, indicating significant bulk-tonnage gold mineralization, though average grade is below prior project average. True width and cut-off grade are not disclosed.

Positive factors

  • Bonanza Intercept
  • Continuous Intercept
  • Near Surface

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“253.0m @ 1.50g/t Au from surface, including 111.9m @ 2.31g/t Au from 130.5m in HH-GG250-003C”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG250-003CGolden Gate North · goldGrade: 2.31Grade Unit: g/tIntercept: 111.9 mView all details
Link to this fact

Identity

Hole ID
HH-GG250-003C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
2.31
Grade Unit
g/t
Intercept
111.9 m
From
130.5 m
To
242.4 m
Intercept Depth
130.5 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG250-003C:130.5-242.4

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: High-grade sub-interval (2.31 g/t Au) over significant width (111.9m) within a broader gold intercept, contributing to a strong grade-thickness product (258.5 g/t·m). True width and cut-off grade are not disclosed.

Positive factors

  • Bonanza Intercept
  • Continuous Intercept

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“111.9m @ 2.31g/t Au from 130.5m in HH-GG250-003C”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-001CGolden Gate North · goldGrade: 1.26Grade Unit: g/tIntercept: 197.5 mView all details
Link to this fact

Identity

Hole ID
HH-GG25-001C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
1.26
Grade Unit
g/t
Intercept
197.5 m
From
34 m
To
231.5 m
Intercept Depth
34 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG25-001C:34-231.5

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Broad gold intercept (197.5m @ 1.26 g/t Au) from shallow depth, yielding a strong grade-thickness product (248.85 g/t·m), indicating significant mineralization. True width and cut-off grade are not disclosed.

Positive factors

  • Continuous Intercept

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“197.5m @ 1.26g/t Au from 34.0m in HH-GG25-001C”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-002CGolden Gate North · goldGrade: 0.6Grade Unit: g/tIntercept: 265.2 mView all details
Link to this fact

Identity

Hole ID
HH-GG25-002C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
0.6
Grade Unit
g/t
Intercept
265.2 m
From
0 m
To
265.2 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG25-002C:0-265.2

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Very broad gold intercept (265.2m @ 0.60 g/t Au) from surface, yielding a strong grade-thickness product (159.12 g/t·m), indicating extensive mineralization. True width and cut-off grade are not disclosed.

Positive factors

  • Continuous Intercept
  • Near Surface

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“265.2m @ 0.60g/t Au from surface in HH-GG25-002C”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-004CGolden Gate North · goldGrade: 0.64Grade Unit: g/tIntercept: 240.8 mNeeds review: ungroundedView all details
Link to this fact

Identity

Hole ID
HH-GG25-004C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
0.64
Grade Unit
g/t
Intercept
240.8 m
From
0 m
To
240.8 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG25-004C:0-240.8

QA/QC

QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
ungrounded
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Very broad gold intercept (240.8m @ 0.64 g/t Au) from surface, yielding a strong grade-thickness product (154.11 g/t·m), indicating extensive mineralization. True width and cut-off grade are not disclosed.

Positive factors

  • Continuous Intercept
  • Near Surface

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“240.8m @ 0.64g/t Au from surface in HH-GG250004Cl”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-005CGolden Gate North · goldGrade: 0.36Grade Unit: g/tIntercept: 283.5 mView all details
Link to this fact

Identity

Hole ID
HH-GG25-005C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
0.36
Grade Unit
g/t
Intercept
283.5 m
From
0 m
To
283.5 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG25-005C:0-283.5

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Extremely broad gold intercept (283.5m @ 0.36 g/t Au) from surface, yielding a strong grade-thickness product (102.06 g/t·m), indicating very extensive mineralization, though at lower grade. True width and cut-off grade are not disclosed.

Positive factors

  • Continuous Intercept
  • Near Surface

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“283.5m @ 0.36g/t Au from surface in HH-GG25-005C”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-007CGolden Gate North · goldGrade: 0.42Grade Unit: g/tIntercept: 207.2 mView all details
Link to this fact

Identity

Hole ID
HH-GG25-007C
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
0.42
Grade Unit
g/t
Intercept
207.2 m
From
0 m
To
207.2 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG25-007C:0-207.2

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Broad gold intercept (207.2m @ 0.42 g/t Au) from surface, yielding a moderate grade-thickness product (87.02 g/t·m), indicating extensive mineralization, though at lower grade. True width and cut-off grade are not disclosed.

Positive factors

  • Continuous Intercept
  • Near Surface

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“207.2m @ 0.42g/t Au from surface in HH-GG25-007C”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-012RGolden Gate North · tungstenGrade: 0.14Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
HH-GG25-012R
Project
Golden Gate North
Commodity
tungsten
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
0.14
Grade Unit
%
Intercept
8 m
From
79.3 m
To
87.3 m
Intercept Depth
79.3 m

Classification

Program
exploration
Sample Type
drill
Group ID
HH-GG25-012R:79.3-87.3

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: First reported tungsten intercept, confirming tungsten mineralization in the system, with a moderate grade-thickness product (1.12 %·m). True width and cut-off grade are not disclosed.

Positive factors

  • New Commodity Discovery

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“8m @ 0.14% W from 79.3m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

HH-GG25-012RGolden Gate North · goldGrade: 0.8Grade Unit: g/tIntercept: 21 mView all details
Link to this fact

Identity

Hole ID
HH-GG25-012R
Project
Golden Gate North
Commodity
gold
Region
usa_id
Reported Region
usa_id
Ticker
RML

Geometry

Grade
0.8
Grade Unit
g/t
Intercept
21 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QA/QC Methods
standards

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Gold mineralization identified alongside tungsten, indicating polymetallic potential, with a moderate grade-thickness product (16.8 g/t·m). True width and cut-off grade are not disclosed.

Positive factors

  • New Commodity Discovery

Negative factors

  • Apparent Width Only
  • Cut-off Undisclosed

Evidence · text

“21m @ 0.80g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 10Antimony Ridge · antimonyGrade: 49.8Grade Unit: %View all details
Link to this fact

Identity

Project
Antimony Ridge
Commodity
antimony
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Geometry

Grade
49.8
Grade Unit
%

Classification

Sample Type
surface

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Exceptional high-grade antimony rock chip assay, indicating significant mineralization.

Positive factors

  • Bonanza Intercept

Evidence · text

“up to 49.8% Sb”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 11Antimony Ridge · silverGrade: 1.42Grade Unit: g/tView all details
Link to this fact

Identity

Project
Antimony Ridge
Commodity
silver
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Geometry

Grade
1.42
Grade Unit
g/t

Classification

Sample Type
surface

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Elevated silver rock chip assay alongside high-grade antimony.

Evidence · text

“1.420g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 12Antimony Ridge · goldGrade: 4.43Grade Unit: g/tView all details
Link to this fact

Identity

Project
Antimony Ridge
Commodity
gold
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Geometry

Grade
4.43
Grade Unit
g/t

Classification

Sample Type
surface

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Elevated gold rock chip assay alongside high-grade antimony.

Evidence · text

“4.43g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 13Antimony Ridge · antimonyGrade: 31.7Grade Unit: %View all details
Link to this fact

Identity

Project
Antimony Ridge
Commodity
antimony
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Geometry

Grade
31.7
Grade Unit
%

Classification

Sample Type
surface

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: High-grade antimony from massive stibnite samples, confirming significant mineralization.

Positive factors

  • Bonanza Intercept

Evidence · text

“grades ranging from 31.7% to 48.7% Sb”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 14Antimony Ridge · antimonyGrade: 48.7Grade Unit: %View all details
Link to this fact

Identity

Project
Antimony Ridge
Commodity
antimony
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Geometry

Grade
48.7
Grade Unit
%

Classification

Sample Type
surface

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: High-grade antimony from massive stibnite samples, confirming significant mineralization.

Positive factors

  • Bonanza Intercept

Evidence · text

“grades ranging from 31.7% to 48.7% Sb”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 15View all details
Link to this fact

Identity

Ticker
RML

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Substantial institutional placement providing funds for project advancement.

Positive factors

  • Significant Funding

Evidence · text

“A$25.1 million placement in September 2025”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 16View all details
Link to this fact

Identity

Ticker
RML

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Strategic placement from Tribeca Investment Partners.

Positive factors

  • Strategic Investment

Evidence · text

“A$2 million strategic placement to Tribeca Investment Partners in October 2025”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 17View all details
Link to this fact

Identity

Ticker
RML

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Further institutional placement with cornerstone investors, accelerating project activities.

Positive factors

  • Significant Funding
  • Cornerstone Investor

Evidence · text

“A$20 million institutional placement, cornerstoned by Tribeca Investment Partners and L1 Capital Global Opportunities Master Fund”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 18Horse HeavenView all details
Link to this fact

Identity

Project
Horse Heaven
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Completion of the acquisition of a significant critical minerals and gold project.

Positive factors

  • Major Project Acquisition

Evidence · text

“Resolution completed the acquisition of a 100% ownership interest in the Horse Heaven Project in July 2025”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 19Horse HeavenView all details
Link to this fact

Identity

Project
Horse Heaven
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Acquisition of key processing infrastructure and historical stockpiles, enhancing project value.

Positive factors

  • Strategic Infrastructure Acquisition

Evidence · text

“acquisition of approximately 25 acres of private land adjacent to the Project containing the historical Johnson Creek Tungsten and Antimony Mill, associated infrastructure and historical tungsten stockpiles. The acquisition was completed in March 2026”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "acquisition of approximately 25 acres of private land adjacent to the Project containing the historical Johnson Creek Tu"

Fact 2064North ProjectView all details
Link to this fact

Identity

Project
64North Project
Region
usa_ak
Reported Region
Alaska
Ticker
RML

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Sale of non-core asset to focus capital and management on Horse Heaven.

Positive factors

  • Non-Core Asset Divestment

Evidence · text

“Resolution completed the sale of its non-core 64North Project in Alaska to a wholly owned subsidiary of Northern Star Resources Limited for US$1.5 million in cash. The divestment enabled the Company to monetise a non-core asset and direct additional capital and management attention toward Horse Heaven.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metallurgical Results (4)

flotationAntimony Ridge · antimonyRecovery: 99.5 %View all details
Link to this fact

Identity

Project
Antimony Ridge
Commodity
antimony
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
flotation
Sample
lower-grade material

Recovery

Recovery
99.5 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Exceptional antimony sulphide recovery (99.5%) via flotation, indicating a viable processing pathway, though from preliminary bench-scale test work.

Positive factors

  • High Recovery

Negative factors

  • Bench Scale Only

Evidence · text

“sulphide recoveries of up to 99.5%”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

cyanide_leachingGolden Gate · goldRecovery: 95.5 %View all details
Link to this fact

Identity

Project
Golden Gate
Commodity
gold
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Test Work

Program Status
preliminary
Test Type
cyanide_leaching
Processing Route
conventional cyanide leaching
Sample
oxide material

Recovery

Recovery
95.5 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Excellent gold recovery (95.5%) from oxide material using conventional cyanide leaching, indicating free-milling characteristics, though from preliminary bench-scale test work.

Positive factors

  • High Recovery
  • Free Milling

Negative factors

  • Bench Scale Only

Evidence · text

“gold recoveries of up to 95.5% from oxide material through conventional cyanide leaching”

Tags used in scoring

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.5% is at or above the exceptional band (95%)

flotationGolden Gate · goldRecovery: 88.7 %View all details
Link to this fact

Identity

Project
Golden Gate
Commodity
gold
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Test Work

Program Status
preliminary
Test Type
flotation
Processing Route
flotation
Sample
sulphide material

Recovery

Recovery
88.7 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Good gold recovery (88.7%) from sulphide material via flotation, though from preliminary bench-scale test work.

Negative factors

  • Bench Scale Only

Evidence · text

“up to 88.7% from sulphide material through flotation”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

gravity_separationJohnson Creek · tungstenRecovery: 75.5 %Head Grade: 1.85Head Grade Unit: % WO3View all details
Link to this fact

Identity

Project
Johnson Creek
Commodity
tungsten
Region
usa_id
Reported Region
Idaho, USA
Ticker
RML

Test Work

Program Status
preliminary
Test Type
gravity_separation
Processing Route
gravity separation
Sample
historical tungsten stockpile material

Recovery

Recovery
75.5 %
Recovery Basis
actual_test
Head Grade
1.85
Head Grade Unit
% WO3
Conc. Grade
52.3
Conc. Grade Unit
% WO3

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Strong tungsten recovery (75.5%) and significant upgrade to concentrate grade (19-fold to 52.3% WO3) from historical stockpiles, though from preliminary bench-scale test work.

Positive factors

  • High Recovery
  • Concentrate Grade Improvement

Negative factors

  • Bench Scale Only

Evidence · text

“concentrates grading up to 52.3% WO3, with recoveries of up to 75.5%, representing a 19-fold upgrade from the original stockpile sample grade of 1.85% WO3”

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.