Resources Top 5: Resolution Minerals stands tall on back of US antimony buy
RML is acquiring a drill-ready antimony, gold and tungsten project in the well-endowed Stibnite Mining District of Idaho
ACM is acquiring a pipeline of high-impact gold and copper exploration projects in Peru
DTR has received further high-level US government support for development of its Colosseum project
Your standout resources stocks for Thursday, June 12, 2025.
Resolution Minerals (ASX:RML)
Standing tall above the pack of ASX juniors was Resolution Minerals after climbing 78.95% to a new 18-month high of 3.4c on volume of more than 204m.
The strong support came after the company announced on Wednesday that it was acquiring a drill-ready antimony, gold and tungsten project in the Stibnite Mining District of Idaho – next to the largest known antimony resource in the USA.
The Horse Heaven project shares its eastern boundary with A$2bn market cap Perpetua Resources and its Stibnite gold-antimony project, which hosts a 4.8Moz gold reserve and a 148Mlb antimony reserve.
Once reopened, Stibnite will be the only domestically mined source of antimony in the US, supplying around 35% of the country's demand.
Horse Heaven has strong gold, antimony and silver mineralisation in two prospects – the Antimony Ridge Fault Zone (ARFZ) and the Golden Gate Fault Zone (GGFZ) – and includes past-producing antimony and tungsten mines.
Past rock chip results include up to 5.99g/t gold, 367g/t silver and 19.15% antimony, with past drilling returning up to 1.459g/t gold.
Resolution Minerals (ASX:RML) said the brownfields project was a transformational acquisition, with the highly encouraging past results indicating large tonnage mining potential.
It is expected to begin drilling the antimony prospects at Horse Heaven in the near-term.
Horse Heaven is also eligible for fast-tracking under FAST-41, just like Stibnite which was fast-tracked for approval in April, and on May 19, 2025, obtained final approval to be re-opened.
The company said Horse Heaven complemented its recently acquired Australian gold-antimony-copper projects – Drake East antimony-gold project (NSW), Neardie antimony project (Qld) and Spur South gold-copper project (NSW) – to create a portfolio highly leveraged to gold and antimony.
'The acquisition of the Horse Heaven project is a company transforming event for RML,' executive director Aharon Zaetz said.
'As many governments around the world look to onshore their supply of critical minerals, such as antimony, we have secured a commanding ground position with known antimony occurrences and next to what will soon be the largest antimony producer in the USA.'
Australian Critical Minerals (ASX:ACM)
Becoming the latest seeking to exploit the copper-gold riches of the coastal belt along the Andes in South America is Australian Critical Minerals, which has entered a binding share purchase agreement to acquire Circuit Resources.
This transaction, which the company describes as transformational, includes a pipeline of high-impact gold and copper exploration projects in Peru, with silver, base metals and lithium as a secondary focus.
Circuit Resources owns or has the option to acquire the concessions associated with the Blanca, Riqueza, Flint, Cerro Rayas, Liro and Kamika projects with the first two, Bianca and Riqueza, representing the primary targets for ACM.
Investors share the company's enthusiasm with shares up as much as 27.5% to a daily high of 7.9c before closing at 7.3c.
Blanca is a low-sulphidation epithermal quartz vein gold system encompassing the Cruz Vein and is within a copper-gold-silver porphyry-epithermal metallogenic belt that also hosts Alta Copper's Canariaco and Rio Tinto's La Granja porphyry copper deposits.
Cruz vein outcrops at surface and was partially explored by Inca Pacific Resources in 1996 and 1997 with further trenching and rock sampling carried out in 2010 and 2018 by St Elias Mining.
Drilling and trenching delivered strong gold hits including 1.5m at 52.8g/t gold within a 9.5m intersection at 11.27g/t; and 4m at 3.97g/t gold including 1.75m at 7.5g/t.
ACM plans to prioritise exploration of Blanca and will immediately start the approvals process for twinning, infill and extensional drilling.
Riqueza is a district-scale, intermediate-sulphidation vein system extending over a 10km strike length and southwest of several deposits including Minera IRL's Corihuarmi gold-silver project, Kuya Silver Corp's Bethania silver project and Lara Exploration's Kenita polymetallic project.
It has undergone substantial previous exploration with copper grades from 1% to 8.7% and silver assays to 2238g/t in historical rock chip samples.
A review and prioritisation of historical drill targets based on extensive surface sampling, mapping and geophysics is underway with ACM aiming to start drill permitting in the second half of 2025.
'The acquisition of Circuit Resources is a significant opportunity for ACM, delivering a pipeline of high-impact exploration projects across gold, copper, silver, zinc and lithium in Peru,' ACM managing director Dean de Largie said.
'The scale and quality of these assets – spanning over 25,000 hectares – give us immediate drill-ready targets and exceptional scope for new discoveries.
'Projects like Riqueza, with high-grade copper-silver veins over several kilometres and proximity to majors like Anglo American, offer Tier-1 potential.
'Blanca has already demonstrated strong gold mineralisation, while Cerro Rayas and the Salar projects provide exposure to critical metals with potentially strong demand tailwind.'
Dateline Resources (ASX:DTR)
Dateline Resources has welcomed further high-level US government support for expediting the development of its Colosseum project in California.
On Sunday, US Secretary of the Interior Doug Burgum highlighted the national significance of the Trump Administration's reopening of the Colosseum mine during an interview on Fox News.
He emphasised that restarting the mine was a pivotal step towards bolstering America's supply of critical minerals and reducing US reliance on overseas sources for REEs.
The mine, to be clear, has not yet been reopened and does not yet have a rare earths resource.
It contains an offically reported resource of around 1.1Moz of gold. Drilling for rare earths was announced on April 5, with the project thought to "share the same mineralising system as Mountain Pass", the only operating rare earths deposit in the States.
In a meeting on Monday at the US Department of the Interior headquarters in Washington, DC, Dateline Resources says its MD and CEO Stephen Baghdadi met with Secretary Burgum to discuss the next steps in developing REE extraction at Colosseum.
Baghdadi highlighted the mine's potential to contribute to the US REE supply chain, essential for advanced technologies and national security, sooner than any other known deposit in the US.
Secretary Burgum, joined by senior appointees from the Department of the Interior and President Donald Trump's National Energy Dominance Council, reaffirmed his commitment to bolstering US rare earth production, expressing specific enthusiasm for Colosseum, the company said.
The hope is more government support and funding could come with that.
Investors welcomed the news, with shares reaching 10.2c, a 29.2% increase on the previous close with more than 196m changing hands.
Meeka Metals (ASX:MEK)
With commissioning of the processing plant underway at the Murchison gold project, Meeka Metals reached a 10-year high of 18.5c, an increase of 15.63% on the previous close, as it transitions to producer status.
Dry commissioning (system and equipment testing) has progressed successfully and ore is being fed into the plant while wet commissioning (full operational commissioning) is underway.
The first gold pour from gravity gold is planned for June 2025 while first gold sales and cash flow are expected in early July.
'It rounds out a period of consistent delivery against our development timeline and reflects our focused actions to bring the project online,' Meeka's managing director Tim Davidson said.
"We are now focused on maximising the expanded open pit mining opportunity following the success we are having with the drill bit.
'Additionally, first ore is expected from our first underground mine at Andy Well in the September 2025 quarter.'
The Murchison project hosts a 1.2Moz at 3g/t gold mineral resource on granted Mining Leases.
Ausgold (ASX:AUC)
New high-grade gold results have extended the Datatine high-grade shoot by 240m down-plunge and reinforced its potential as a high-grade underground prospect within Ausgold's Katanning gold project (KGP) in WA.
Results of up to 6.6m at 3.40g/t gold from 362m, including 3.8m at 5.80g/t from 364.85m, also support the outlook for future resource growth at Katanning.
RC and diamond drilling also returned 2m at 3.67g/t from 297m along with 11.3m at 0.96g/t, including 4.2m at 1.81g/t from 333.83m, and resulted in AUC shares reaching a new three-year high of 77c, a 6.22% increase on the previous close.
The company will now utilise funding of up to $180,000 through the Geological Survey of WA Exploration Incentive Scheme (EIS) for further drilling.
This will target sections where high-grade mineralisation is interpreted to have been missed and test for further high-grade mineralisation up to 150m beyond the current down-plunge extent.
'With both Datatine and the Central Zone remaining open down-plunge, we see clear opportunities to increase resources at the KGP,' executive chairman John Dorward said.
The company is on track to complete a feasibility study in late June considering the development of a large-scale, long-life open pit gold project.
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'If I want a pizza or sushi, I have to go to another country,' said Steve O'Neill. 'There are three million people right next door and some days I will walk down the beach and see no one.' For Mr O'Neill life in Point Roberts is bucolic but full of absurdities. Perhaps the biggest of which is that this American outpost might not even exist today were it not for the thickness of a pencil – and potentially the thickness of the people using that pencil – almost 180 years ago in 1849. 'It can feel like the film The Truman Show,' he added of the exclave of Washington state. 'You can walk but there's also this limit to how far you can walk.' The limit Mr O'Neill is referring to is the border between the US and Canada. The two nations have one of the world's longest frontiers but few parts are as odd as here in Point Roberts. A rural hinterland which directly abuts the vast suburbs of Vancouver, Canada's third largest city. The US exclave is located on the base of a peninsula whose only land connection is to Canada. A tiny part of the US, barely 13 sqkm in size, seemingly forgotten by America and almost entirely dependent on a foreign nation. 'We're a no man's land, separated from the US, not part of Canada,' said Mr O'Neill, who has lived there since 1999. For decades, the border was just a daily wrinkle for Point Roberts' residents: a cheery wave to border guards as Americans headed north for pizza and sushi – and school and work – as Canadians headed south for cheap petrol and to pick up packages from the US avoiding international postage. Then Covid came and Canada sealed the border decimating business for two years. The border is back open but US President Donald Trump's continued mutterings of Canada becoming the '51st state' have delivered another economic blow with many Canadians now refusing to pop across to Point Roberts. 'Trump hit us hard' From Sunday, Canada hosts the G7 summit of the world's wealthiest nations. Australia's Anthony Albanese will be a special guest at the chin wag which will discuss tariffs, wars and the environment. But all eyes will be on Mr Trump. Any further annexation talk by the US president will be met with disdain by Canada's new Prime Minister Mark Carney and with despair in Point Roberts. 'The 'elbows up' Canadian boycott election stunt hit hard,' Point Roberts local Kathryn Trainor told 'Right now the exchange rate and our gasoline carbon taxes make it cheaper to buy fuel in Canada. 'It's pretty grim and some people super duper hate Trump being president again.' Point Roberts is beautiful – but bonkers. Forty minutes from Vancouver's CBD, the skyscrapers give way to neat Canadian suburbia that wouldn't look out of place in Australia. Semi-detached homes with double garages face well maintained parks with outdoor barbecues. Small strips of takeaways, laundrettes and convenience stores are close by. Then it all comes to a sudden, shuddering halt. A row of yellow bollards and warning signs marks of both the end of suburbia – and Canada. It would be easy to just walk over the unguarded barrier to the seeming wilderness of maple and cedar trees beyond. But to do so would be a felony of international proportions. Use the tiny borders crossing instead. On the US side, in Point Roberts, live around 1300 people. On the Canadian side, in the suburb of Tsawwassen which covers a similar area, there are 24,000 people – almost 20 times as much. From the air at night it can look a bit like North and South Korea. Busy Vancouver shines brightly. Then a straight line and just a few lights flicker in Point Roberts. The 1849 pencil stroke the ricochets today 'We're minutes from downtown Vancouver but people would be hard pressed to find us on a map,' Mr O'Neill told Blame the maps on the British. In the 19th century, the UK and US were still battling it out as to who would control the North American continent. In Washington and London pencil lines were furiously drawn on maps. The result was the 1849 Treaty of Oregon which set the border in the west at the 49th parallel. The British were savvy enough to ensure the entirety of the strategically important Vancouver Island, south of the 49th parallel, was in its column. But when the pencil lines were drawn the Point Roberts peninsula was so small that the British didn't realise they had handed over the tiniest southern tip of it to the US. Realising their error, London belatedly asked the US to allow Point Roberts to be within British – now Canadian – control. Reportedly, they received no reply and the treaty stood. Ms Trainor moved to Point Roberts from Texas to bring her children up in peace and quiet. 'The kids go to the beach and do nature walks every day. They have more of a holistic experience which is really good.' Compact houses dot the tree lined lanes of Point Roberts. The area's one supermarket, a big box which seems out of place in the rural setting, flies the US and Canadian flags and accepts both currencies But Point Roberts comes with challenges. Students that choose US over Canadian schools endure a daily coach trip that's 40 minutes each way and crosses an international frontier four times. Any fire that erupts in Point Roberts has to be extinguished by volunteer fire fighters from Canada. Few Americans visit or settle in Point Roberts because the multiple border crossings make it hard to get too – so it generally relies on Canadians. But US visa rules mean Canadians can only visit for 180 days a year so few of them are able to settle in Point Roberts even if they wanted too. A stark sign of that is house prices in Point Roberts are around three times less than just a few metres away across the border. When the border was closed during Covid things went downhill. For a time locals couldn't even drive through Canada to get to the US. While visits to Canadian doctors were no longer allowed. At great expense Washington state laid on a ferry to the US mainland so residents weren't entirely stranded. Residents would trek up to the frontier, next to a stone obelisk marking the border, and mingle with their Canadian neighbours. But they had to remain on their side of the 49th parallel or risk the wrath of the border guards. For two years, barely a Canadian visited the exclave. But now the border is open, the ferry has stopped and the people of Point Roberts set about enticing Canadians back. Tremendous beauty Mr O'Neill's dream is to open the Blackfish resort, in an old fish cannery. It would be a boutique hotel, restaurant and spa that he hopes will entice Canadians year round to revel in Point Roberts' city adjacent wildlife and wilderness. 'It's got a tremendous natural beauty. I see eagles and blue herons every day; I've kayaker with Orcas hundreds of times. 'We get people coming down here for gas and parcels but what if they could get a cup of coffee, lunch, and a cocktail? 'It would make Point Roberts more accessible, and every business would be better off,' he said. 'We need that. I've got three children that left because there's no opportunities.' 'Our regulars are offended' Neil and Krystal King, who own a souvenir shop in Point Roberts, had a quirky idea to give visitors a quirky reason to linger. The pair opened the world's only rubber duck museum. 'We already sold rubber ducks in our shop. We did research, and were like 'wait, the history of rubber ducks is really interesting and nobody is telling it',' said Mr King. The modest museum has a rubber duck from 1911, an original moulding from the first mass-produced Disney Donald Duck toy from the 1930s and a modern Taylor Swift duck. Of course, there are copious ducks in all hues for sale. Mr King said border guards would tell them that when they asked why people were coming to Point Roberts many said it was because of the ducks. 'The day we opened, we had a line going through the store'. But since spoke to the Kings, everything has changed. 'Our regulars are all saying the same thing,' Mrs King told the US' National Public Radio in May. 'They're offended by the rhetoric from the White House. 'They don't like their sovereignty being threatened. They feel the only tool they have is boycotting the US and keeping those tourist dollars out.' It's tariffs too. Mostly made in China, the price of importing rubber ducks skyrocketed for the Kings. They're now moving their museum to the Canadian side of the border. 'We love having our quaint little shop here. 'But it's not a choice between moving the ducks to Canada or keeping them here; it's a choice between moving to Canada or closing.' No country has been Abel to spoil it Despite the seeming remoteness and peace of Point Roberts, the world isn't far away. Container ships to and from Vancouver's port and ferries connecting the islands of British Columbia glide silently by in the distance; the lights of the Canadian metropolis shimmer on the horizon. Wouldn't it just have been easier if Point Roberts had been officially detached from the US all those years ago? 'If Point Roberts was part of the contiguous United States or Canada it would be strip malls like the rest of the place,' said Mr O'Neill. 'It's unique because it's the bastard stepchild. 'Neither country has been able to spoil it'.
