Resolution Minerals Brings Antimony, Tungsten and Gold Together at Horse Heaven

Craig Lindsay from Resolution Minerals. Craig, there's so much news. I'm not sure where to start other than congratulations. Resolution is at the right place at the right time. For those of you that are not familiar with Resolution Minerals, how about we start there and how about you explain to our audience why I am so correct in my assessment. >> Sure. Well, Tracy, firstly, it's real nice to be with you uh today. I appreciate you taking the time. Uh so, I'm the CEO US operations for Resolution and we're listed on the ASX under the symbol RML and we also have an OTCQB uh listing uh in the US and we're in the process of a Nasdaq listing. Um at the 40,000-ft level, we are a critical metals uh story with a project in Idaho. It's a 15,000-acre uh project that's immediately adjacent to Perpetua Stibnite gold project. Um it's a past producer. So, this uh the Horse Heaven project uh produced antimony out of uh about 3,000 ft of historic trenches uh where the US government went in in the First World War, the Second World War, and even in the Korean War and stripped out high-grade uh antimony right out of these uh trenches at surface. And when I say high-grade, um what's exciting, we we consider high-grade to be 30 to 50% uh stibnite uh material. So, this is compared to Perpetua next door where their antimony grades are uh in the half percent to 1% range. So, we've got this high-grade material right at surface that produced historically. Um we're aggressively moving that project forward. And then we have a second uh target that we call Golden Gate. And Golden Gate is a past-producing tungsten mine, the Golden Gate tungsten mine produced from the 1950s right up to 1980 and it was a high grade underground mine. Didn't produce a lot, but it produced in about in between 1 and 1/2 and 2% range for tungsten. When when you look at those kind of production grades in Korea, you know, the the deposits over there are kind of a half percent tungsten. So we are it was a high grade producer. We've acquired a historic processing mill that was right adjacent to the Horse Heaven project called the Johnson Creek mill. The project has tungsten stockpiles that we're going to get processed. And then so this we've got this critical metals thematic. That's what gets me excited and that's what gets me going in the morning, but as a sitting in the background is a very large and growing gold story. And at Golden Gate, we're in the process of drilling about 13,700 m. It's over about 45 holes. We've completed 33 holes to date. We're going to be finished our program middle of September and we just started putting out news at Golden Gate. And Golden Gate, this is intrusion related gold system. It's a direct analogy to the Perpetua story next door. We put in about 14 holes last year and we got some spectacular results from a gold perspective. This this Golden Gate, it's about 2 km long and at Golden Gate north, first holes we drilled were 150 m of 1 and 1/2 g, sorry, 250 m of 1 and 1/2 g per ton. So a a huge hole up north. The first holes that we've issued this year at Golden Gate south, we just announced this week on on our first three holes and the first hole we knocked out was 304 m of 0.64 g per ton. And that's 2 km south of Golden Gate North. And that's why from a gold perspective, for those gold bugs out there, this has the potential to be a very large gold story as a backstop to this critical metals thematic that we're so excited about. >> For those of you wanting to learn more, again, you just announced the drilling results for the Golden Gate gold project, correct? >> Correct. Yeah, Golden Gate is a prospect, it's a target within the Horse Heaven project. >> Okay, and for those of you out there going to Horse Heaven, again, Idaho, correct? >> Idaho, 15,000 acres, 100% ownership interest, and we're immediately adjacent to the Perpetua Resources Horse Heaven or sorry, Stibnite gold project. And as your listeners will know, I mean Perpetua is about a 3 and a 3.2 billion US dollar market cap company. We are sitting around a 100 million dollar market cap Australian dollar perspective. >> Of course, you're heading towards the Nasdaq. That is the goal. Perpetua is of course, everybody knows, is building a multi-billion dollar mine uh for antimony, gold and antimony, correct? >> Correct. And they're doing a great job, wonderful people over at Perpetua. They've done an amazing job dealing with a very challenging permitting situation. They've kept their shoulder to it. And they've got that permit. They've got XM funding. This is a 3 billion dollar project. A lot of eyes on it. They've got government support. Um And we're right next door to them and again a direct geologic analog. So, it's funny, you get um analysts and and the like, investors rolling by our project on their way to Stibnite, and we've got our signs up there and they're kind of hey, what are these guys at Resolution doing? And um I really consider uh the Horse Heaven project to be Stibnite 2.0. That's how I market the story um and it's promotional to an extent um and it might drive Perpetua crazy when I call it Stibnite 2.0, but that's really I what what we've got. It's it's a direct geologic analog. >> Of course, I love your cell line, developing an end-to-end solution for America's domestic antimony, gold, and tungsten supply. It seems as if the government is paying attention to you with you recently securing the White House FAST-41 transparency coverage for the Golden Gate tungsten gold target. Can you tell our audience what that means? >> Yeah, and it so we've got FAST-41 uh coverage from it's the the permitting council, which is a government uh kind of sponsored entity um and and the focus of FAST-41 is just on accelerating and streamlining permitting in the United States. Uh so, we are now under a permitting regime where instead of it being open-ended, it's time-based, uh which is fantastic, and it's putting the the your your regulatory folks, the permitting guys, it's it's putting them in an uncomfortable situation that they're not necessarily used to um because they're now under this time-based um permitting regime, uh but it's great for us because we now have some certainty uh around permitting. And I need to one of the neat things, yes, we've got fast 41 coverage for Golden Gate, but we also have fast 41 coverage for the Antimony Ridge project, which is the second target within the Horse Heaven project. So, I think we're the only company out there with two fast 41s on on one project, and I think that is a mark of the the the level of interest that the current administration has in what we're doing out there. And yes, we are I we are drilling and we're develop we're moving into a maiden resource estimate that will come out at the first of the year in 2027, Q1 2027. But we let's take a step back, and one of the biggest challenges in the United States uh is there's no domestic production, but it's this processing chokehold that's out there, and that's what the US government is really interested in a processing solution. So, we're pitching both processing solution for antimony and tungsten, and we've brought in a full-time PhD metallurgist who did his PhD actually on antimony processing, and he's developing an internal hydromet processing solution for antimony, and we're also working on a similar story for tungsten right now, and that's getting traction in in Washington. >> I I'm certain that is. Can you tell me where I could find more information on that? That's that's fascinating for all of us out there following the different technologies for these defense metals? >> Yeah, well, we our website is www.resolutionminerals.com. One of the groups we're involved with down in the US is the Defense Industrial Base Consortium, which is a group of over a thousand companies in the defense industry, um upstream and downstream. Uh and members of that uh the DIBC, we call it the Defense Industrial Base Consortium, uh that we get access to government funding opportunities uh in in this space. Um and there's a website out there for that. Permitting.gov is the website for the the Permitting Council, uh which provides a lot of information on the FAST 41 program. Um so there's a lot of data points out there for for investors to kind of look at what what we're doing. >> So, lots of things have happened since we spoke to you last. I thought the defense or the DIBC that you were talking about and being accepted into that was a significant achievement because it means you're on the radar for the depart- Defense Department. So, what should shareholders be looking forward to in the next quarter cuz you guys are moving quickly? >> Well, the next quarter we've got uh about 42 more holes to announce uh through September, October, November. Uh we've got a we'll get a mineral resource estimate out in the first quarter of 2027. Uh on a parallel basis, you're going to see news coming out on progress we're making uh from the work we're doing from a metallurgical processing uh perspective. Uh so it's going to be a news-rich environment for Resolution investors uh through through the fall. We're really excited about that. And then yes, we are doing some uh door knocking uh down in the US. We've got this Nasdaq listing that we're working on. I can't give a a time frame for when we're going to be up and trading on the Nasdaq, uh but we're very excited. We've had an amazing response from Australian investors uh to to our story and we've raised $47 million over the last 12 months. Um but US capital markets are are deep. Um there's a lot of interest in the whole critical metals thematic, not just from mining investors, but just from the generalist investor community. Uh so we think we're going to be fairly well received and hopefully that a Nasdaq listing is going to result in uh good liquidity and a revaluation of the company, particularly on the heels of the results that we're going to be uh issuing in the fall as well as a a mineral resource estimate. >> An outstanding website for those of you seeking more information on this triple play, gold, tungsten, and antimony, please go to the following website. Craig, thank you for joining us today. >> Tracy, great to be with you.