Resolution weighing options for gold project as critical minerals call
PERTH (miningweekly.com) – ASX-listed Resolution Minerals is weighing its critical minerals future, and will look at "multiple strategic alternatives" for its 64North gold project, in Alaska.
The company on Tuesday told shareholders that during 2023, Resolution would sharpen its focus on critical and energy metals, taking advantage of the global energy transition to a carbon-neutral economy.
Resolution currently holds a number of Australian projects prospective for copper, cobalt, manganese, lead, zinc and uranium, and holds a 5% stake in Midwest Lithium. The company is also in an earn-in agreement with copper major Oz Minerals over its Wollogorang and Benmara copper projects, where Oz Minerals is earning a 51% interest by spending A$9-million on the project areas.
“Resolution evolves, grows and strengthens, now with a sharper focus for commodities that are part of the super-cycle for critical energy metals. Looking forward we aim to deliver shareholder value through technical excellence resulting in discovery success, both using our own funds and joint ventures with the right project partners and via less conventional methods - such as demerging assets,” said founding director Duncan Chessell.
To accompany the focused direction, Resolution has announced a number of board changes, including the resignation of MD Steve Groves, and chairperson Craig Farrow, who will resign at the conclusion of the company’s annual general meeting later this month.
At the conclusion of the meeting, Chessell will become the nonexecutive chairperson of the company.
Meanwhile, Dr David Rawlings has joined the company’s technical team as a consultant. He has extensive lithium and uranium exploration expertise, and is the exploration manager for ASX-listed Core Lithium and Toro Energy.
“Strengthening technical excellence is a critical part to adding shareholder value. Rawlings is a strong addition to the technical firepower of the team with his discovery track record with Core Lithium and expertise across both uranium and battery metals,” said Chessell.
“We have built an excellent technical team led by exploration manager Christine Lawley, hold good projects in the right commodities and all in excellent jurisdictions. I have faith Resolution will be successful in our aspirations to make a world-class discovery and add significant shareholder value. I look forward to assisting in that process and contributing to Resolution’s success and believe persistence, technical expertise, project selection and shareholder support will create success."
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