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An announcement from Resolution Minerals Ltd. ( (AU:RML) ) is now available.
Resolution Minerals has reported highly encouraging metallurgical test results from its Antimony Ridge prospect in Idaho, with rougher flotation work at IMO labs in Perth achieving 99.5% sulphur recovery and near-complete stibnite recovery from lower grade samples containing about 10% antimony. These outcomes suggest that future mining operations could maintain strong recovery rates even with dilution from waste rock, while ongoing cleaner flotation stages aim to lift concentrate grades from roughly 30% to above 50% antimony.
The latest results further support prior work showing production of a 99.38 wt.% antimony trioxide product from Antimony Ridge material and underscore the scale potential indicated by 3D modelling of extensive antimony- and silver-bearing vein systems over a large footprint. Together with the project’s recent FAST-41 designation in the U.S. permitting system and Resolution’s plan to develop a hydrometallurgical antimony processing hub in Idaho, the test work strengthens the project’s prospects as a future domestic source of this critical metal for defence, energy and industrial users.
The most recent analyst rating on (AU:RML) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Resolution Minerals Ltd. stock, see the AU:RML Stock Forecast page.
More about Resolution Minerals Ltd.
Resolution Minerals Ltd is an ASX- and OTCQB-listed exploration and development company focused on critical and precious metals, including antimony, tungsten, gold and silver. Its flagship Horse Heaven project in Idaho, USA, incorporates the Antimony Ridge area and leverages both historical production and proximity to Perpetua Resources’ large Stibnite Gold Project, positioning the company within a strategically important U.S. critical minerals district.
Average Trading Volume: 33,080,174
Technical Sentiment Signal: Buy
Current Market Cap: A$135.4M
See more data about RML stock on TipRanks’ Stock Analysis page.