Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Resolution Minerals Ltd (ASX: RML) has entered a Binding Agreement to acquire three high-grade antimony, gold, and copper projects in New South Wales and Queensland. The acquisitions include the Drake East Antimony-Gold Project (NSW), Neardie Antimony Project (QLD), and Spur South Gold-Copper Project (NSW), covering 194 square kilometers. Notably, the Neardie Project hosts past-producing antimony mines with peak values of 19.5% Sb, while Drake East contains gold assays up to 60.9 g/t and antimony samples of 5.72% Sb.
This strategic move provides RML with significant exposure to the rapidly growing antimony sector, following a 250% price surge in 2024 amid global supply shortages. Shareholders registered by 12 March 2025 can participate in a pro-rata issue of one option for every eight shares held. RML aims to unlock the potential of these assets through systematic exploration, geophysical surveys, and targeted drilling campaigns.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.