2020 Annual Report to Shareholders
Adelaide, Sep 18, 2020 AEST (ABN Newswire) - Resolution Minerals Ltd (
ASX:RML) underwent a name change in late 2019 from Northern Cobalt to Resolution Minerals to reflect the broader view of economic mineral exploration the Company is undertaking.
In response to a subdued vanadium price, during 2019, the Company switched focus from the vanadium-magnetite Snettisham Project to acquire the highly prospective 64North Project which surrounds the high grade operating Pogo Gold Mine (owned by Northern Star) with an endowment of 10.7 Moz Au. The Company has a US$20m earn-in agreement with project partner Millrock Resources to acquire potentially 80% of the project.
Resolution currently holds three projects, all in top tier mining jurisdictions of Australia and USA, prospective for gold, copper, cobalt, vanadium, magnetite and uranium. This puts the Company in an excellent position with rising gold prices at all-time highs and a steadily rising copper price and increasing demand for battery metals.
To view the Annual Report, please visit:
https://abnnewswire.net/lnk/5H6D9CQP
About Resolution Minerals Ltd
Resolution Minerals Ltd (ASX:RML) is a mineral exploration company engaged in the acquisition, exploration and development of precious and battery metals - such as antimony, gold, copper, and uranium.
Resolution Minerals Ltd Listed on the ASX in 2017 and has a broad portfolio of assets, such as the Drake East Antimony-Gold Project in north-eastern NSW and George Project prospective for silica sand and uranium.
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