Resources Top 5: Resolution Minerals stands tall on back of US antimony buy
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News.com.au
10 hours ago
- News.com.au
Resources Top 5: Gold-silver discovery emerges for Godolphin near home of Australia's first gold rush
Updated resource for GRL's Lewis Ponds project totals 470,000oz gold and 21Moz silver GCM has moved into the manufacturing of VHD graphite blocks of various shapes and sizes Stage 2 Mining Licence Expansion application for Kangankunde REE project approved Your standout small cap resources stocks for Tuesday, August 12, 2025 Godolphin Resources (ASX:GRL) The Lewis Ponds project of Godolphin Resources is emerging as another significant gold discovery, with silver and base metals to boot, in an area that hosted Australia's first payable gold discovery in April 1851. The project is upstream from Ophir, where that discovery sparked Australia's first gold rush, and around 15km east of Orange in the Lachlan Fold Belt where significant discoveries are still being made. Newmont's +50Moz gold and 9.5Mt copper Cadia Valley Operations is south of Orange and east of the Spur project of Waratah Minerals which has been a market favourite since releasing broad high-grade gold results on August 4. Godolphin reached a five-month high of 1.6c, a 46% increase on the previous close, after revealing a resource upgrade from Lewis Ponds described by the company as 'transformational'. The updated resource totalling 470,000oz gold and 21Moz silver along with 41,000t of zinc, 15,000t of copper and 136,000t of lead confirms Lewis Ponds as a large, high-grade gold and silver deposit. There was a 58% increase in tonnage, 18% increase in gold and 31% increase in silver with the resource standing at 9.83Mt at 1.49g/t Au, 66.15g/t Ag, 2.46% Zn, 1.38% Pb and 0.15% Cu. Importantly for future development, 5.01Mt are in the higher confidence indicated category. Alongside updating the MRE, a pit optimisation study was completed with a view to constrain the resource and demonstrate the potential for upper parts of the deposit to be mined economically by open pit methods. The open pit resource is 2.88Mt at 0.52g/t Au and 41.22g/t Ag for 48,000oz gold and 3.8Moz silver with 1.85Mt, or 64%, in the indicated category. A scoping level mining study is underway using this data, which is expected to further illustrate the potential for near-term development opportunities. Godolphin is continuing metallurgical testwork aimed at improving gold and silver recovery while additional drilling is planned to underpin further MRE growth. 'These results have considerably exceeded our expectations and highlight the exceptional potential for the Lewis Ponds project,' MD Jeneta Owens said. 'This is a major increase from our previous MRE, an exceptional milestone for Godolphin and provides a very strong foundation for the initial scoping mining study.' Green Critical Minerals (ASX:GCM) One of the most active small cap stocks was Green Critical Minerals with more than 131m shares changing hands valued at more than $4.4m while the price jumped 17.74% to 3.65c, a high of almost five years. This came after GCM advised that it had moved into the manufacturing of very high density (VHD) graphite blocks of various shapes and sizes after commissioning of Module 1 at the VHD production plant. VHD blocks are a high-performance graphite material developed by GCM and characterised by thermal and electrical properties achieved through a production process that's faster and more cost-effective than traditional methods. These blocks are designed for various applications requiring efficient heat management, including data centres, semiconductors and advanced electronics. Blocks up to 60×100×60 mm have been produced at the plant, which is ramping up production and sustaining high product quality. Production of larger blocks – up to 160 mm thick and 200 mm long – is in progress, which GCM said demonstrated improved process maturity and alignment with customer specs. In preparation for commercial sampling and prototyping, GCM is building a diverse inventory of sample stocks with first-time sample shipments to prospective customers in North America. A variety of product sizes and geometries are being manufactured, with blocks tailored for thermal management applications including heat sinks and cold plates. Production capacity has also been further strengthened through the addition of two new furnaces, increasing throughput. GCM managing director Clinton Booth said with the VHD production plant now operational, the company was shifting from initial rollout into active commercial execution, focused on fulfilling demand, scaling output and maintaining quality. 'Importantly, we're not creating a solution for a future market, we're delivering high-performance thermal products into an existing, high-demand sector that is actively searching for better, more cost-effective materials,' he said. 'What sets us apart is our ability to move now. Our multi-channel distribution strategy, which includes partnerships with online retailers, means we're not waiting for major orders to begin selling, we can expedite access to a global market fast.' Lindian Resources (ASX:LIN) Approval of the Stage 2 Mining Licence Expansion application for Kangankunde rare earths project provides strong endorsement from the Malawian government and regulatory certainty, materially de-risking the expansion development pathway, according to Lindian Resources. As a result, Lindian reached a 12-month high of 18.5c, a lift of 37.04% on the previous close. The approval from the Mining and Minerals Regulatory Authority (MMRA) Board increases the licensed area from 900 to 2,500 hectares. 'The upgrade of our Stage 2 expansion area from an exploration licence to a mining licence allows Lindian to work in parallel on our larger Stage 2 expansion whilst using the learnings from the development of our Stage 1 production facility to ensure we optimise our processing flow sheets and recoveries,' chairman Robert Martin said. 'This will also allow Lindian to capitalise on our ability to be the next rare earth producer to market and to capture a larger market share. 'The company continues to field additional inbound enquiries and is working on multiple pathways for further strategic offtake and funding agreements." Green Technology Metals (ASX:GT1) After being granted two 21-year mining leases by the Ontario Ministry of Mines in Canada for the Seymour lithium project, Green Technology Metals increased 17.65% to 4c. This significant regulatory milestone means there are now three granted leases fully encompassing the proposed mine and infrastructure area, marking a critical step in de-risking Seymour's pathway to development. The company has spent the last four years committed to permitting and development work, including ongoing engagement with indigenous communities. Since acquiring the asset in 2021, GT1 has undertaken comprehensive environmental assessment work, including a recent owl and fisheries study and has completed season-specific baseline studies. Ongoing environmental monitoring continues to inform project planning and ensure potential impacts are identified and responsibly managed. GT1 anticipates concluding the provincial environmental assessment in the upcoming quarter, marking another milestone in the project's permitting timeline. It says the accomplishment takes Seymour closer to a financial investment decision, subject to remaining permits and approvals. Southern Hemisphere Mining (ASX:SUH) Buoyed by FMR Resources (ASX:FMR) completing technical due diligence and proceeding to earn up to a 60% interest in the southern portion of the Llahuin Copper-Gold Project in Chile, Southern Hemisphere Mining improved 38% to 4c. FMR is now part of a joint venture with SUH covering four selected concessions in the southern part of Llahuin, including the large Southern Porphyry copper-gold target. 'We are delighted to welcome FMR to the Llahuin Copper-Gold Project and look forward to joint exploration success across the Southern Porphyry zone,' SUH chairman Mark Stowell said 'This strategic JV validates our long-held view of the district's latent potential, and with drilling planned for Q4 2025, our shareholders are well-positioned to benefit from upcoming catalysts in this emerging major copper story.' FMR has also completed a $2.2m placement in connection with the transaction, with respected resource investor Mark Creasy joining the register as a substantial shareholder. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Green Critical Minerals and Green Technology Metals are Stockhead advertisers, they did not sponsor this article.
The Australian
13 hours ago
- The Australian
Life360 names Lauren Antonoff CEO amid strong growth, profit upgrade
New Life360 chief executive Lauren Antonoff says the family tracking app business and its fast growth have all the hallmarks of companies that went on to rule Silicon Valley. She described the service as 'medicine for the soul' in an age of heightened anxiety. Ms Antonoff was promoted from chief operating officer to founder Chris Hulls's successor on Tuesday. Mr Hulls will become Life360's executive chairman, having led the company for almost two decades. 'I really feel like we're just getting started,' Ms Antonoff told The Australian from San Francisco. 'We're still building that base of users. 'Life360 is an incredibly important mission. As a mum, I know how important that peace of mind is, and so to lead a company with a compelling mission and a great business is the opportunity of a lifetime.' 'I like to tell my friends that I didn't come to a smaller company. I came to a big company that's just earlier in its journey.' Life360 logged 88 million monthly active users, a 25 per cent rise year on year, reporting its second-quarter results on Tuesday. The company added 136,000 new paying customers, to 2.5 million. Quarterly revenue jumped 36 per cent year on year to $US115.4m ($176.9m) as annualised revenue rose 36 per cent, to $US416.1m. The $6.5bn company also lifted full-year guidance, forecasting revenue of between $US462m and $US482m (up from between $US450m and $US480m) and adjusted EBITDA of between $US72m and $US82m (up from between $US65m and $US75m). Local shares of the Nasdaq- and ASX-listed company were up 8.9 per cent to $41.20. Citi analysts, led by Siraj Ahmed, were positive on the result, affirming a 'buy' rating and a $90 target price. User growth and a 35 per cent rise in annual revenue per paying customer were reasons for optimism, the broker said. Citi expects another profit beat, given it tends to do better in the second half, making its guidance appear conservative. Founded by Mr Hulls as a service that could help families locate each other in the wake of Hurricane Katrina, Ms Antonoff said Life360's continued success in the 'anxiety economy' and at a time of budgetary constraint showed how important the service was to its customers. 'There are things that people give up first and that people give up last, and we are proving to be in the latter category,' she said. 'We are not a luxury, we are medicine for the soul.' Ms Antonoff, 55, has an 18-year-old son who has just qualified for his driver's licence and a 26-year-old daughter living interstate. Ms Antonoff, who has worked at Microsoft and GoDaddy, said she was introduced to tracking devices after the family dog ran away (it was found two days later). 'I started to research trackers, and actually said to my husband … made an offhand comment about how I should go work on something like that. About a month later, Life360 called.' The new pet-specific tracking products and advertising business – where Life360 struck a deal with Uber to ping Life360 customers with Uber ads when at the airport, for example – will hopefully one day become key pillars of the company, she said. 'Brands are interested and hungry for the (ad) product. It's building from the ground up,' she said. 'I'm excited about the trajectory that we're on and the things that we're doing, whether it be ads on the revenue side or pets on the member side. There's no end in sight to the value that we can create for members and shareholders.' Life360 has taken 'remote work to the next level', according to Ms Antonoff, at a time of intense discussion over proposed work from home laws being introduced in Victoria. 'After the pandemic, I got to experience how it really could be productive, and I liked it for myself,' Ms Antonoff said. 'I think that the key that a lot of people don't understand is that the thing that makes remote work work so well for us is that we believe in in-person, face-to-face time. 'It's not all about being on Zoom, which is important. But we also invested a lot of expense we used to use on physical real estate to make sure teams can get together and build relationships.' Joseph Carbone Digital Producer - Business Joseph Carbone is a producer for The Australian Business Network after serving as Acting Digital Editor for The Weekly Times, Australia's foremost rural news source. Technology The taxpayer-funded telco has cut its losses after receiving $1.19bn from the Albanese government, as its CEO hails network upgrades success despite industry criticism. Technology National Renewable Network's CEO claims household solar ownership has driven up power bills, as his company secures $67.2m to expand its 'Netflix-style' energy model.
News.com.au
15 hours ago
- News.com.au
Media exec stole $413,000 from company card to fund lavish life
A successful media executive in New York stole over $413,000 AUD from her former employer to fund her lavish lifestyle, including designer clothing, expensive restaurants, boutique gyms, and luxury holidays. Shannon Muldoon, 38, swindled her bosses at Food52, a recipe and lifestyle website, out of the staggering sum while flaunting her luxurious purchases on social media. Muldoon had been the head of Studio 52 at the company, which managed the production for brand partnership deals. According to The Cut, which published an exposé about her this week, she gained access to the company credit card in this role, as per court documents. Muldoon was indicted last August for one count of second-degree grand larceny and accepted a plea deal for five years' probation this year, the outlet reported. She has already paid approximately $23,000 AUD in restitution but could face additional penalties of up to approximately $400,000 and will be sentenced in September. Her former colleagues have shared how they noticed a quick change in her appearance after she was promoted to head of the studio. 'She would talk about it, she would wear it, she would tell us about her couch that's vintage from Italy,' one former colleague told the publication. Between 2021 and 2023, Muldoon stole more than $413,818 from Food52, with court documents suggesting the amount could have been even higher. Her spending included $193,153 on clothes from high-end retailer Net-a-Porter and over $26,000 on flights. Muldoon was initially hired at Food52 in early 2020 for a more junior role, having had experience at Bon Appétit and The New York Times. Later that year, Muldoon was promoted to director of the newly formed Studio 52 department, overseeing the budget for brand campaigns. This role came with a corporate card for expenses like props, food, drinks, and approved travel. 'Her clothes started getting better; her nail art was crazy, she got a lot of (cosmetic surgery). You could just tell she was going through a transformation,' said one former staffer. Despite her role mainly requiring her to be in-studio, she often worked remotely, once hopping on a Zoom call from a beach bungalow with a Chanel clip in her hair. 'She'd sent me links for crazy Gucci jackets and be like, 'Should I do it? I might!'' recalled another former employee. 'Shannon was very brazen with her purchases'. People started questioning how she funded her lifestyle, which she constantly posted about on Instagram, and included trips to Copenhagen, a tropical wellness retreat and to Malibu. 'I mean, we work in media. What the f**k?' one colleague recalled thinking. However, people didn't question Muldoon because she was apparently 'kind' and 'generous,' often buying gifts for her colleagues and taking them out to fancy dinners. But behind closed doors, some began thinking she was using her credit card for everything. One staffer, who worked remotely, was told by Muldoon to come to New York, even though it wasn't part of their contract, and was told to put their hotel on the company card. Initially, Muldoon's theft was subtle and involved vendors the company regularly worked with. However, the charges later became unrelated, such as payments to the LIV Method, a private training gym popular among influencers. According to internal records, Muldoon spent nearly $30,000 at Net-a-Porter in just one month, even though Food52 did not require dressing talent. After Studio52 shut during the pandemic as part of a restructure, Muldoon was moved to oversee talent management, but her spending didn't stop. A former employee said: 'She kind of goes off to the brand-partnerships team, but her credit card is still attached to all of our production. 'We were like, 'Why are our videos so expensive? We didn't have access to her personal credit-card statements – that was just her boss and the finance department.' The company used a software to track expenses which assigned specific job codes to each advertising campaign. As long as the team stayed within budget and expenses were correctly coded, the reports were approved. Muldoon allegedly coded her fraudulent expenses as related to the advertising campaigns she managed. Plus, brand partnerships was a major business, and the department continued to meet its margins and goals often enough despite her personal spending. By 2023, Muldoon seemingly sensed the jig was up, and her colleagues heard less and less of her. In March that year, she took medical leave for a month, telling work she was suffering from migraines and that doctors thought she might have multiple sclerosis. In her absence, colleagues had to process her expenses and noticed suspicious charges, including $2435 to sneaker reseller StockX. One staffer mentioned this transaction in a workplace Slack channel, to which Muldoon replied from medical leave, saying she had flagged it with someone from accounting. But this response raised alarm bells for her colleagues, who were shocked she was replying to work messages while supposedly on medical leave. Muldoon's new manager spotted other discrepancies and escalated the issue to finance. They soon realised they were hundreds of thousands out of pocket. Just before Muldoon was set to return from her leave, she told a colleague she had asked for more time off, but the company refused. When she returned, she was let go for misusing company funds. Three months later, she flew to Mexico with flights she had previously bought using the company card. In February 2024, she was hired at Substack, but worked there less than 90 days. The situation was then brought to the Manhattan district attorney's office, which started preparing its case. Court records show that, although Muldoon was caught, she managed to get away with much more. 'The $413,000 in unauthorised purchases is a very conservative estimate as to Ms Muldoon's theft,' the statement of facts reads. 'Her last purchase could've been her smartest – a one-way flight to some place far away,' said a former colleague. 'She should've fled the country when she had the chance.'
