RML - RESOLUTION MINERALS LTD
Investment Thesis
Arsenopyrite-pyrite association in sheared, brecciated granite with intense silica-sericite alteration is consistent with an intrusion-related or orogenic gold system; these pathfinder assemblages are legitimate indicators but prove nothing without assays. 2025 intercepts were geologically encouraging but downhole widths only — true widths and structural orientation not disclosed, flagging potential grade dilution risk.
What No One Else Is Seeing
No assays — visual geology only (pyrite 2–10%, arsenopyri...
Also: 2025 comps: 197.5m @ 1.26 g/t Au; 253m @ 1.50 g/t Au (downhole widths, true widths unconfirmed). Resource: No JORC resource declared — early-stage discovery
Golden Gate, Horse Heaven Project — Idaho, USA
Arsenopyrite-pyrite association in sheared, brecciated granite with intense silica-sericite alteration is consistent with an intrusion-related or orogenic gold system; these pathfinder assemblages are legitimate indicators but prove nothing without assays. 2025 intercepts were geologically encouraging but downhole widths only — true widths and structural orientation not disclosed, flagging potential grade dilution risk.
Fair Value Assessment
Zero assay data from these three holes means no in-situ value can be calculated; A$118M market cap is entirely priced on geological analogues and 2025 results. Assays 6–8 weeks away are the only meaningful catalyst.
Key Concerns
This announcement contains zero grade data — it is pure visual core logging dressed as a result; all three holes drilled from a single pad (same collar coordinates), raising questions about spatial coverage; arsenopyrite association flags potential refractory gold metallurgy; US jurisdiction adds permitting complexity adjacent to Perpetua/Stibnite.
Key Drill Intercepts
| Hole | From | Width | Grade | Comment |
|---|---|---|---|---|
| Best | - | - | No assays — visual geology only (pyrite 2–10% | 2025 comps: 197.5m @ 1.26 g/t Au; 253m @ 1.50 g/t Au (downhole widths, true widths unconfirmed) |
Valuation & Price Target
Zero assay data from these three holes means no in-situ value can be calculated; A$118M market cap is entirely priced on geological analogues and 2025 results. Assays 6–8 weeks away are the only meaningful catalyst.
Key Risks
This announcement contains zero grade data — it is pure visual core logging dressed as a result; all three holes drilled from a single pad (same collar coordinates), raising questions about spatial coverage; arsenopyrite association flags potential refractory gold metallurgy; US jurisdiction adds permitting complexity adjacent to Perpetua/Stibnite.
Key Catalysts
| Date | Event |
|---|---|
| Near-term | Pending drill results / assays |
| Medium-term | Resource estimate update |
Pre-assay hype announcement with no numbers — at A$118M market cap, you're paying for optionality on holes that may or may not deliver; wait for assays before forming a view.
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AI-Generated Analysis - This report was produced using Clubroom Stocks' proprietary AI engine, built on our own curated databases, custom training pipelines, and specialist prompting frameworks developed exclusively for ASX resource sector analysis. This is not financial advice. Always do your own research before making investment decisions.
Mine Sites(1)
Rating History — 34 alerts
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