Mining company, Resolution Minerals, progresses Horse Heaven Project amidst Antimony shortage crisis.
In the heart of Idaho, Resolution Minerals (ASX:RML, OTC:RLMLF) is making significant strides in addressing America's critical minerals shortage with its Horse Heaven Project. The project, located adjacent to Perpetua Resources' Stibnite Gold-Antimony Project, boasts a market capitalisation of $2.9 billion, highlighting the potential of the area.
The Horse Heaven Project features two primary targets: Antimony Ridge and Golden Gate. Historical production of over 1,000 tonnes of 45-46% antimony concentrate has been recorded at Antimony Ridge, a testament to its rich antimony reserves. Antimony, an indispensable element for military applications and civilian uses such as flame retardants, solar panels, and battery technology, has no domestic production in the U.S. and China controls over 80% of global processed antimony supply.
Antimony Ridge has a 1,000m x 700m mineralised zone identified through soil sampling, and more than 60% of rock samples along 500m of historical trenching at Antimony Ridge contain >1 g/t Au. Recently, a rockchip sample (730253) from Antimony Ridge returned exceptional grades, with 49.8% Sb, 1,420 g/t Ag, and 3.12 g/t Au.
The Golden Gate target, on the other hand, has historical drilling returns of 36.6m @ 1.51 g/t Au and historical tungsten production of over 2,000 tonnes of 1.5-2% WO3. Heap leaching potential for oxide gold mineralisation exists at the Golden Gate target.
A non-compliant historical resource estimate of 100,000-300,000 oz Au exists at the Golden Gate target. The US EXIM bank is considering a $2 billion construction debt facility for Stibnite, which may provide a boost to the development of the Horse Heaven Project.
Resolution Minerals is currently conducting fully permitted drilling at the Horse Heaven Project. The company is reviewing test work and processing options for antimony and tungsten stockpiles, and is exploring technologies to adjust existing processing facilities for antimony production.
The Defense Production Act has allocated funds for critical minerals investments, and the U.S. government has invested $59 million in the adjacent Stibnite project. Prices of antimony have surged nearly 5x in two years to $60,000/tonne, making the Horse Heaven Project's exceptional grades of critical minerals even more valuable.
Resolution Minerals has raised $25.1 million from global strategic institutions, ensuring they are fully funded for medium-term work programs. The company is engaging in preliminary offtake and processing discussions, indicating a promising future for the Horse Heaven Project.
As China has banned exports to the USA since December 2024, the Horse Heaven Project could play a crucial role in securing America's supply of critical minerals, particularly antimony. The project's exceptional grades and strategic location make it a significant player in the race to secure America's critical minerals future.
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