Resolution Minerals is a publicly listed Australian resources company focused on the exploration and development of battery mineral projects.
A$2.66 million at 27 May 2019
Resolution Minerals Ltd
Mr Duncan Chessell
T. +61 414 804 055
To find out more about Investment Attraction in the Northern Territory contact the:
Minerals and Upstream Energy Investment
Australia’s Northern Territory Government
Department of Trade, Business and Innovation
T: +61 8 8999 1385
Located on the Northern Territory-Queensland border near the Gulf of Carpentaria, the multi-mineral Wollogorang project offers a potential source of battery metals from a supportive mining jurisdiction in a developed economy.
In addition to growing the project area by more than 340% through additional granted exploration licenses since it acquired the project in 2017, Resolution Minerals has expanded the project’s potential through an active drilling and geophysics program.
In 2018 the company announced an 88% increase to the JORC resource at Stanton, bringing the Indicated and Inferred Mineral Resource estimate to 942,000 t @ 0.13% Co, 0.06% Ni and 0.12% Cu, for 1,200 t contained cobalt.
The 100%-owned project area covers 4,986km2 of pastoral land, and includes numerous untested exploration targets as well as the Stanton deposit, the Running Creek prospect and the GregJo prospect.
The Wollogorang project lies within the extensive Palaeo–Mesoproterozoic McArthur Basin in the northeastern Northern Territory. The sedimentary basin forms the western extension of the Carpentaria Zinc Belt, which includes the Mount Isa region in Queensland. The Stanton and Running Creek deposits at Wollogorang comprise manganese-cobalt oxides such as asbolane, transitioning to cobalt-copper-nickel sulphides such as siegenite, within a matrix of the brecciated basalt of the Gold Creek Volcanics in the Basin.
Mineralisation in the area was first discovered by Mount Isa Mines Ltd which mined secondary copper from a small open pit in the 1930s. The prospects at Stanton and Running Creek were identified in the 1970s, and the area was subject to extensive drilling (257 drill holes for 21,468m) and exploration in the 1990s by CRA.
Since acquiring the project in 2017 Northern Cobalt has completed 127 reverse circulation and 10 diamond drill holes for 11,083m and 773m respectively. Significant results included 20m @ 0.31% Co from 27m.
2017 drilling intersected mineralisation outside the current Stanton resource boundary, and mineralisation remains open to the NW and S – SE. A second, deeper zone of mineralisation has also been defined. The company has acquired 3685 line-km of high quality magnetic and radiometric data.
Wollogorang is located 180km to the south-east of the town of Borroloola and 150km from the world-class McArthur River mine. Bing Bong, the major port servicing the McArthur River mine, lies approximately 200km from the project area. Access to the project is via a network of maintained unsealed roads.
The company is open to discussions with potential equity investors, farm-in or joint venture partners to progress the Wollogorang project to development.
The indicated and inferred mineral resources at Stanton reported on 9 April 2018 at a 0.3% cut-off comprised:
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This document includes information provided by third parties. The information is general in nature and is for information purposes only. The Northern Territory Government makes no representation about the veracity or accuracy of information provided by third parties. You must rely on your own due diligence before proceeding. You should consider seeking independent professional advice.
© Northern Territory Government, February 2020.