Marquee Resources Limited Hits 100% Drilling Success at Mt Clement, Unlocking Australia’s Largest Undeveloped Antimony Deposit and Paving the Way for Future Growth

Thursday, August 7, 2025
at
9:42 am
Article header image

Marquee Resources Limited celebrates a 100% drilling success at its Mt Clement antimony project, uncovering robust mineralisation and new structures. A maiden Mineral Resource Estimate is expected soon, with Phase 2 drilling set to expand discovery—promising growth in a market with rising demand for strategic metals.

Marquee Resources Limited has announced promising initial results from its RC drilling program at the company’s Mt Clement Antimony Project in Western Australia. The campaign saw 1,346 metres drilled in seven holes, with every hole successfully intersecting antimony mineralisation. Notable drill intersections include 8 metres at 1.05% antimony and 2.85% lead from MQRC390, 9 metres at 0.88% antimony from MQRC391, and additional high-grade segments in several other holes. Together, these results validate the company’s geological model and confirm both strike and depth extensions to historical mineralisation, while also uncovering a new sub-cropping structure that could significantly enhance the project’s scale. The drilling program, which exceeded its initial six-hole plan, was executed using a Schramm T450 rig equipped with a 124mm face sampling bit. The technical details underscore a rigorous approach, with downhole gyro surveys and meticulous sampling procedures in place to ensure data accuracy. The company is expecting its maiden Mt Clement antimony Mineral Resource Estimate before the end of August 2025, with Phase 2 drilling set to commence later in the quarter. Upcoming multi-element assay results, including gold and silver, are anticipated within the next three to four weeks, which will further refine the company’s drilling targets and potential resource model. The project lies adjacent to an extensive antimony deposit owned by Black Cat Syndicate Ltd, one of Australia’s largest undeveloped antimony resources. As demand for antimony continues to rise as a strategic metal, these early indicators point to the potential for significant shareholder leverage in a critical commodities market. Executive Chairman Charles Thomas expressed strong optimism over the drilling outcomes, noting that the consistent mineralisation and new discoveries are an important step toward unlocking further value at Mt Clement. Bullish sentiment stems from the 100% success rate of the initial drilling, the confirmation of extended mineralisation, and the discovery of new structures that open doors for an expanded resource. The clear emphasis on technical rigour and forthcoming assay results underpins the potential for significant growth and shareholder value as the project advances into its next phase. In contrast, bearish indicators include the inherent risks of early-stage exploration, the pending multi-element assay confirmations, and the challenges related to accurate resource estimation and subsequent mining development. These technical and market uncertainties suggest that while the results are encouraging, further positive assay and drill outcomes will be crucial to sustain investor confidence.

Recent Articles