Marquee Resources (ASX:MQR) is on track to deliver a maiden resource estimate for the Mt Clement deposit, part of its Eastern Hills Antimony-Gold Project in Western Australia, by the end of August 2025. Marquee Resources is a diversified mineral explorer focused on its project portfolio in Western Australia. The Mt Clement Project currently holds a resource of 794,000 tonnes at 1.7% antimony.
This announcement follows the completion of an initial reverse circulation drilling program at Eastern Hills, which exceeded its original six-hole plan. According to the company, all drill holes intersected mineralisation, confirming multiple zones of antimony. This has extended known mineralisation and highlighted a new sub-cropping structure potentially increasing the project’s scale.
Executive Chairman Charles Thomas noted the identification of new mineralisation structures that could expand the system. He stated that with antimony prices remaining strong, these early results are a positive step in unlocking Mt Clement’s potential. Significant results from the drilling include 8 metres at 1.05% antimony and 2.85% lead from 137 metres, including 4 metres at 1.35% antimony and 3.55% lead from 137 metres, and 3 metres at 5.33% antimony and 0.46% lead from 58 metres.
The company anticipates beginning an extensive phase two drilling program later this quarter. Marquee Resources will use the full suite of multi-element assays to refine targets for this next drilling phase, but note that further analytical methods will not impact the antimony and lead results already reported.
