Marquee Resources Completes Successful Mt Clement Antimony-Gold Drilling

Marquee Resources Completes Strategic Drilling at Mt Clement as R&D Rebate Bolsters Cash Position

Marquee Resources (ASX: MQR) has successfully completed its initial RC drilling program at the Eastern Hills Antimony/Gold Prospect within its Mt Clement Project in Western Australia, surpassing initial targets with 1,346 meters drilled across seven RC holes. Simultaneously, the company has received a substantial $469,095 cash rebate from the Australian Federal Government's R&D Tax Incentive program, strengthening its financial position as it advances exploration activities.

Eastern Hills Drilling Program Targets High-Value Antimony-Gold Mineralisation

The Phase 1 drilling campaign at Eastern Hills represents a significant step in Marquee's exploration strategy, designed to confirm strike and depth extensions to historical mineralisation while identifying new mineralised structures. All samples have been submitted to ALS Laboratories with assay results expected within approximately three weeks.

"We are highly encouraged by the technical outcomes from our first phase of drilling at Mt Clement. During this initial program, our geological team focused on confirming the known mineralisation and identifying potential extensions to these zones," said Executive Chairman Charles Thomas.

Thomas added that these results will inform the company's already-permitted Phase 2 drilling program: "These results will be instrumental in refining our targets for the fully permitted Phase 2 drilling program. Marquee remains committed to advancing Mt Clement through cost-effective exploration designed to deliver significant value to our shareholders."

Understanding Antimony: A Strategic Critical Mineral

Antimony is classified as a critical mineral in many jurisdictions, including Australia and the United States, due to its important applications and supply concerns. This brittle, silvery-white metalloid is primarily used in flame retardants, lead-acid batteries, and as a hardening agent in lead alloys for ammunition and electrical components.

The strategic importance of antimony stems from its essential role in various industrial applications combined with its constrained global supply. China currently dominates production, controlling approximately 60% of global antimony supply. This concentration creates potential supply chain vulnerabilities for Western economies, possibly supporting premium pricing for new non-Chinese sources of antimony.

For investors, Marquee Resources' antimony exploration at Mt Clement provides exposure to a critical mineral with robust demand fundamentals and potential supply constraints that may support strong pricing in the coming years.

Strategic Position in the Promising Ashburton Basin

The Mt Clement Project occupies a strategic position just 30km southwest of Black Cat Syndicate's (ASX:BC8) Paulsens gold mine in Western Australia's Ashburton Basin. The project area demonstrates polymetallic potential, with historical exploration confirming the presence of economic quantities of antimony (Sb), gold (Au), silver (Ag), and lead (Pb).

Most notably, the Eastern Hills Antimony deposit within Marquee's tenure hosts a significant JORC 2012 compliant mineral resource. Artemis Resources (ASX:ARV) previously declared a maiden resource of 1.3Mt at 1.7% Sb, 2.5% Pb and 24g/t Ag (22,400t contained Sb) using a 1.0% Sb cutoff grade in 2013. Importantly, this mineralisation remains open along strike and at depth, presenting substantial upside potential for Marquee's exploration efforts.

R&D Rebate Strengthens Financial Position

In addition to completing the drilling program, Marquee has received a $469,095 cash rebate from the Australian Federal Government's Research and Development Tax Incentive program. This non-dilutive capital injection reinforces the company's financial position as it progresses its exploration activities at Mt Clement and other projects.

The R&D Tax Incentive rebate relates to eligible research and development expenditure for the year ended June 30, 2024, demonstrating Marquee's commitment to innovative exploration techniques and technologies.

Next Steps and Investment Outlook

With Phase 1 drilling now complete and samples submitted for analysis, Marquee is poised for several near-term catalysts:

1. Assay results expected in approximately three weeks
2. Phase 2 drilling program planning and execution following result analysis
3. Potential resource expansion at Eastern Hills Antimony deposit
4. New target generation across the broader Mt Clement Project area

"I look forward to updating our shareholders and the broader investment community on the Phase 1 results and the commencement date of the Phase 2 drilling program in the coming weeks," noted Charles Thomas.

Why Investors Should Follow Marquee Resources

Marquee Resources presents a compelling investment proposition based on several key factors:

1. Critical Mineral Exposure: The Mt Clement Project's significant antimony resource provides investors exposure to a strategic critical mineral with strong supply-demand fundamentals.

2. Resource Growth Potential: With mineralisation open along strike and at depth, Marquee has substantial opportunity to expand the existing antimony resource at Eastern Hills.

3. Polymetallic Upside: Beyond antimony, the project shows potential for gold, silver, and lead, providing multiple pathways to value creation.

4. Strategic Location: Proximity to existing mining operations in Western Australia's productive Ashburton Basin enhances development potential.

5. Strong Financial Position: The recent R&D tax rebate strengthens Marquee's cash position without shareholder dilution, supporting continued exploration activities.

6. Near-term News Flow: With assay results expected within weeks and Phase 2 drilling to follow, investors can anticipate regular updates and potential value-driving catalysts.

Marquee Resources has positioned itself at the intersection of critical mineral exploration and gold discovery potential in a tier-one mining jurisdiction. As global demand for antimony continues to grow and supply security concerns persist, the company's advancement of the Mt Clement Project represents a timely strategic focus with significant upside potential for investors.

Ready to Invest in Critical Minerals and Gold Potential?

Discover how Marquee Resources is advancing its strategic antimony-gold exploration at the Mt Clement Project with promising initial drilling results and a strengthened financial position. For comprehensive information about MQR's projects, development timeline, and investment opportunities, visit their website at www.marqueeresources.com.au and position yourself early in this emerging critical minerals opportunity.