Recent Updates — RML
Resolution Minerals Ltd entered into a non-dilutive $10 million loan facility with Harbour Capital Opportunities Fund, managed by Oakley Capital. The first $2.5 million tranche is available for immediate drawdown, with additional tranches subject to mutual agreement and shareholder approval. The facility carries a 12% annual interest rate, a six-month maturity per drawdown, and includes lender fees paid in cash, shares, and quoted options. Concurrently, the company reported subsequent assay results from Golden Gate North confirming a 500-meter extension of gold mineralisation. At quarter-end, Resolution held $1.64 million in cash after expending $6.34 million on exploration activities for its Horse Heaven Antimony-Tungsten-Gold-Silver Project in Idaho, USA.
Resolution Minerals Ltd announced assay results from three drill holes at its Horse Heaven Project in Idaho, confirming a significant gold mineralized zone extending over a true length of at least 500 meters (1,600 ft) and width of at least 200 meters. The best intercept was 324 meters @ 0.49 g/t Au from surface in hole HH-GG26-032C. Results support prior discoveries and indicate the zone is open-ended to the north, south, and depth. The company completed a 42-hole drill program for over 12,000 meters and expects further gold and tungsten assay results soon. Resolution Minerals Ltd operates as an exploration-stage mining company focused on antimony, tungsten, gold, and silver projects in Idaho.
Resolution Minerals Ltd filed its 2026 Annual Report with the Australian Securities Exchange on September 30, 2026. The company reported a net loss of A$53.3 million for the year ended June 30, 2026, driven by increased exploration and corporate advisory costs associated with its U.S. critical minerals strategy. Key operational milestones included completing the acquisition of the Horse Heaven Project in Idaho, advancing Phase 1 and Phase 2 drilling programs at Golden Gate which identified significant gold and tungsten mineralisation, and producing antimony trioxide from Antimony Ridge. The company secured A$45.1 million in institutional funding during FY26 through placements in September 2025 and April 2026. Additionally, trading of its American depositary shares commenced on the Nasdaq Capital Market under ticker RML on September 9, 2026. Resolution Minerals Ltd operates in the mining industry, focusing on the exploration and development of gold, antimony, tungsten, and other critical metals.