Antimony Exploration Advances at Mt Clement
Marquee Resources Limited (ASX:MQR) is making significant strides at its Mt Clement Sb-Au Project. The company’s methodical approach to exploration has provided a robust foundation. In this context, antimony plays a central role. Their commitment to uncovering new resources is evident in the strategic planning and execution of each phase.
Heritage Survey Confirmed as Drilling Preparation Accelerates
Marquee Resources has confirmed a Heritage Survey with the Jurruru Native Title Party, set to begin on 29 March 2025. This survey paves the way for an immediate drilling campaign. In addition, all regulatory approvals, including a Program of Work authorising up to 10,000 metres of RC drilling across 40 holes, have been secured.
The Heritage Survey is a pivotal step in the preparation for drilling. Moreover, the survey covers the strike extensions of the Eastern Hills Sb-Pb deposit. Consequently, the company is well positioned to transition smoothly into the drilling phase once the survey concludes.
Phase 1 Drilling Targets Historical High-Grade Zones
The planned Phase 1 drilling programme includes 22 RC drill holes totalling approximately 3,000 metres. The primary focus is on historical high-grade drill intercepts identified by previous operators. For example, standout results include 11m at 1.09% Sb and 17.6g/t Ag, as well as 4m at 2.3% Sb and 52g/t Ag.
Furthermore, recent rock chip sampling has highlighted prospective structures with significant Sb-Pb mineralisation. In addition, the programme aims to capitalise on these high-grade targets. This methodical exploration strategy builds investor confidence in realising the project’s potential.
Major Lead Anomaly Identified at Hardey Junction
A comprehensive review of historical data has revealed a highly prospective 2km lead anomaly. Samples recorded values up to 20,291ppm Pb. However, these results were obtained using inappropriate sample digestion techniques when assaying for antimony. This suggests that further analysis could uncover significant antimony mineralisation in the area.
Historical RAB drilling at Hardey Junction in 1997 confirmed gold mineralisation. Notable intercepts include:
• 4m at 1.25 g/t Au from 18-22m (HJR012)
• 10m at 0.55 g/t Au from 55m, including 1m at 1.4 g/t from 57m (HJR031)
These findings complement recent exploration efforts. Consequently, the potential for discovering new mineralisation remains robust.
Understanding Antimony: A Critical Mineral
Antimony is classified as a critical mineral by many Western economies. Its limited global production and strategic applications make it highly sought after. Primarily, antimony is used as a flame retardant and as a hardening agent in lead-acid batteries. These industries increasingly depend on secure and reliable supply chains, further underlining antimony’s critical status.
In addition, the majority of worldwide antimony production is concentrated in China, which optimises approximately 75% of global supply. This concentration creates strategic concerns, particularly for countries such as Australia and the United States. Investors are therefore keeping a close eye on developments that may lead to a more diversified source of antimony.
Exploration Timeline and Next Steps
Marquee Resources has set a clear timeline for advancing the Mt Clement Project. The schedule highlights several critical milestones that maintain momentum. The key dates include:
1. March 2025 – Heritage Survey with the Jurruru Native Title Party.
2. April 2025 – Commencement of Phase 1 drilling, featuring a 3,000m RC programme.
3. Ongoing – Expansion of greenfields exploration and further geochemical and geophysical surveys.
4. Mid-2025 – Reporting of drilling results and further project updates.
This schedule ensures that both investors and stakeholders remain informed. Moreover, the project’s progression will be marked by regular news flow. Consequently, the transparent timeline builds confidence about the anticipated resource development.
Investment Potential: Strategic Position in Critical Minerals
The Mt Clement Project represents a compelling opportunity in the resource sector for several reasons. Investors can derive value from the project through its multi-faceted exploration strategy. The following points summarise key investment highlights:
• Critical Mineral Focus: The project benefits from antimony’s status as a critical mineral in many economies.
• Historical High-Grade Results: Past drilling has confirmed significant antimony and gold mineralisation.
• Multiple High-Priority Targets: Both extension targets at Eastern Hills and greenfields prospects at Hardey Junction are in play.
• Strategic Location: Situated approximately 30km southwest of Black Cat Syndicate’s Paulsens Gold Mine, the project has access to established infrastructure.
• Systematic Exploration Approach: A methodical strategy ensures robust target generation and optimised drilling plans.
Furthermore, the combination of antimony exploration with traditional gold exploration adds a layer of stability to the investment thesis. This multifaceted strategy presents multiple avenues for growth and resource discovery.
Why Investors Should Follow Marquee Resources
Marquee Resources has positioned itself strategically at the intersection of critical minerals development and precious metals exploration. The company’s Mt Clement Project offers attractive exposure to antimony, which is of growing strategic importance. In addition, the dual focus on extending known mineralisation at Eastern Hills and exploring new greenfields targets, such as Hardey Junction, enhances the overall investment proposition.
As drilling is set to commence in April 2025, the anticipation around significant news flow is increasing. For instance, investors can expect regular updates that highlight the progress in both antimony and gold exploration. Consequently, Marquee Resources is well placed to create substantial value and drive long-term success.
Frequently Asked Questions
What makes antimony a critical mineral?
Antimony is considered critical due to its limited global production and essential applications. It is vital for flame retardants and battery hardening, among other uses. The strategic concentration of supply in China further drives the need for additional domestic sources.
How does the Heritage Survey contribute to the project?
The Heritage Survey is an essential prerequisite for drilling. It ensures that all regulatory approvals are in place while outlining the sites for subsequent RC drilling. This careful planning minimises delays and optimises the exploration process.
What are the most promising areas for exploration?
The Phase 1 drilling programme focuses on high-grade historical zones. Additionally, new greenfields targets at Hardey Junction are being explored. These areas offer significant potential for both antimony and gold discoveries.
What is the significance of the identified lead anomaly?
The 2km lead anomaly at Hardey Junction suggests that there could be untapped mineralisation. Inadequate assay techniques for antimony in past analyses mean that further exploration may reveal valuable antimony resources. This anomaly has attracted considerable interest in the industry.
In summary, the Mt Clement Project encapsulates both opportunity and strategic relevance. The integration of robust exploration techniques, clear timelines, and a focused approach to unlocking antimony resources makes the project one to watch. With systematic planning and careful execution, Marquee Resources continues to set the stage for a promising future in the world of resource exploration.
Ready to Explore the Antimony Potential?
To discover more about Marquee Resources’ promising Mt Clement Sb-Au Project and their strategic exploration programme targeting critical antimony mineralisation, visit www.marqueeresources.com.au for comprehensive details. With drilling set to commence in April 2025 and multiple high-priority targets identified, now is the ideal time to learn more about this compelling investment opportunity in the critical minerals sector.
