What Marquee Resources does

Marquee Resources Limited (ASX:MQR) is an Australian junior mining exploration company headquartered in Subiaco, Western Australia, focused on the identification, acquisition, and advancement of critical mineral assets across Australia and the United States. The portfolio comprises six core projects: the flagship West Spargoville Lithium Project in the Southern Yilgarn Lithium Belt (75% MQR, 25% Mineral Resources Limited under a sole-funded JV); the 301km2 Yindi Lithium Project acquired in 2023 in the Kurnalpi Terrane; the 398km2 Mt Clement Antimony-Gold Project in the Ashburton Basin; the 108km2 Redlings Rare Earth Element Project near Leonora with historical rock-chip samples up to 7.8% TREO; the Clayton Valley Lithium Project in Nevada including Kibby Basin with drill results up to 924 ppm lithium over thicknesses exceeding 450 metres; and the Lone Star Copper-Gold Project in Washington State with a 13.2Mt @ 0.58% CuEq maiden Mineral Resource Estimate. A pending acquisition of a Nevada high-grade tungsten project was announced in June 2026 alongside a concurrent capital raise.

The company's technology stack is rooted in conventional mineral exploration methods: reconnaissance mapping, geophysics (aeromagnetic surveys, magnetotellurics), geochemistry, and diamond drilling, augmented by an exclusive 24-month Research and Development Patent License and Option Agreement with UT-Battelle LLC (operator of Oak Ridge National Laboratory) covering NEAREAST rare earth separation technology and adjacent lanthanide separation methods across Australia and the United States. The licensed technology targets proof-of-concept testing by September 2026, prototype development by June 2027, and a commercial license decision by February 2028.

Marquee's business model is a project-portfolio model with no current revenue. The go-to-market motion is enterprise field sales into the mining and resources sector: Marquee acquires mineral tenements, advances them through exploration to resource definition, and monetizes either through joint venture partnerships with major mining companies who sole-fund development (exemplified by the West Spargoville arrangement with Mineral Resources) or through future production, sale, or partnership of mineral assets. Capital is sourced via ASX-listed equity issuance, including a September 2025 capital raise led by Ignite Equity for the Mt Clement project. The intended end customers are B2B commodity buyers in defense, aerospace, semiconductor, and clean energy industries seeking domestic critical mineral supply amid geopolitical supply chain vulnerabilities. The company also lists a peripheral consumer product, the Zynth Pro Mixer audio device at $960 sale price, on its corporate website, though this appears incidental rather than a core line of business.

Name

Marquee Resources

Legal name

Marquee Resources Limited

Website

https://marqueeresources.com.au

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Marquee Resources Limited (ASX:MQR) is a pre-revenue Australian junior mining exploration company advancing a diversified portfolio of critical mineral projects (lithium, rare earths, antimony, copper-gold, tungsten) across Western Australia, Nevada, and Washington State, partnering with major miners such as Mineral Resources Limited to fund development.

Ownership category

akta.pro rank

Product category

Mining Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)

akta.pro secondary industry

Rare Earths Separation & Refining (Oxides/Metals) (IMAKAFAH)

Keywords

• Mining exploration
• Critical minerals
• Lithium exploration
• Rare earth elements
• Mineral exploration

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Mineral Asset Development: The company is a pre-revenue exploration-stage mining company. Revenue will be generated through development and sale of mineral assets, joint venture payments, and/or future mining operations. Projects are advanced through exploration to resource definition, then either partnered via joint ventures or advanced to production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Marquee Resources is an ASX-listed mineral exploration company that acquires, explores, and develops tenements prospective for critical minerals including lithium, rare earth elements, antimony, tungsten, copper, and gold across Western Australia, Nevada, and Washington State. The company advances projects through exploration drilling, joint venture partnerships (notably with Mineral Resources Limited), and licensed rare earth separation technology (NEAREAST) from Oak Ridge National Laboratory.

Product overview

Marquee Resources is an Australian-listed (ASX:MQR) resources exploration company with a diversified suite of mining projects across Australia and the USA. The company operates as a project portfolio rather than a unified software product platform. Its core assets include: the West Spargoville Project (flagship lithium exploration in Western Australia, 75%-owned via joint venture with Mineral Resources Limited); the Yindi Lithium Project (301km2 lithium ground acquired in 2023); the Mt Clement Antimony-Gold Project (398km2 greenfields gold-antimony exploration); the Redlings REE Project (108km2 rare earth exploration enhanced by an Oak Ridge National Laboratory technology license for NEAREAST rare earth separation); the Clayton Valley Lithium Project (Nevada brine lithium, including Kibby Basin with drill results up to 924 ppm Li); and the Lone Star Copper-Gold Project (Washington State, USA, with 13.2Mt resource). The company also operates a consumer product line (Zynth Pro Mixer). Marquee Resources also recently announced a pending acquisition of a high-grade tungsten project in Nevada, alongside a capital raising initiative.

Differentiator

Problem solved

Functional benefit

Brands

• ZYNTH: Zynth Pro Mixer - a product offered by Marquee Resources (appears to be a diversified product line)

Products and services

• West Spargoville Project (WSP) The flagship lithium exploration project located within the core of the Southern Yilgarn Lithium Belt in Western Australia, comprising 80km2 of highly prospective tenure. Mineral Resources Limited (ASX:MIN) holds a 25% joint venture interest, with Marquee holding 75%. Mineral Resources sole-funds all exploration and development costs until a mining or processing investment decision.
• Yindi Lithium Project Lithium exploration project comprising 301km2 of highly prospective ground in the Kurnalpi Terrane of the Eastern Goldfields, Western Australia, located 90km east of Kalgoorlie.
• Mt Clement Antimony-Gold Project A greenfields exploration opportunity spanning 398km2 prospective for syngenetic gold-antimony mineralisation, located 30km SW of Black Cat Syndicate's Paulsens gold mine at the western end of the Ashburton Basin in Western Australia.
• Redlings REE Project A rare earth element exploration project covering approximately 108 square kilometres located approximately 40km west of Leonora in Western Australia, with historical rock-chip samples up to 7.8% TREO. Enhanced by an R&D license agreement with Oak Ridge National Laboratory for advanced rare earth separation technologies.
• Clayton Valley Lithium Project (including Kibby Basin) Located in Nevada, USA, in the Clayton Valley region which hosts the sole North American producing lithium mine (Silver Peak Lithium) owned by Albemarle. Drill results confirmed mineralised intervals containing up to 924 ppm lithium with over 300 ppm lithium over thicknesses exceeding 450m. Fully permitted for water extraction for brine processing.
• Lone Star Copper-Gold Project A former producing copper-gold mine located in Washington State, USA, comprising 234 hectares centred 40km north-north-west of Republic. Features a Mineral Resource Estimate of 13.2Mt @ 0.42% Cu & 0.23 g/t Au for 0.58% CuEq, with high-grade mineralisation open at depth.
• ZYNTH Pro Mixer A consumer audio mixer product sold through the company's website at $960 sale price (original $1,200). Product details on the website are placeholder content.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Mineral Resources Limited (ASX:MIN)coreStrategic or Co-development PartnerJoint venture partnership at West Spargoville Project in the Southern Yilgarn Lithium Belt, Western Australia. Current ownership: MQR 75%, MIN 25%. Mineral Resources (a top 50 ASX diversified resources company) is a recognized leader in hard rock lithium mining and sole funds all exploration and development costs until a mining or processing investment decision is made. Partnership accelerated in June 2023 in recognition of Mineral Resources' commitment. The JV focuses on exploring and potentially developing, mining, processing and producing lithium from WSP.
• UT-Battelle LLC (Oak Ridge National Laboratory)coreTechnology or IntegrationResearch and Development Patent License and Option Agreement secured access to advanced rare earth separation technologies for the 11Mt Redlings REE Project in Western Australia. Licensed patent portfolio includes NEAREAST technology and methods for separating adjacent lanthanide elements, covering Australia and the United States over a 24-month term. No minimum funding obligations during the research phase.
• Golden Dawn Minerals Inc.minorStrategic or Co-development PartnerAdjacent property owner at Lone Star Copper-Gold Project in Washington State, USA. Golden Dawn is actively developing the Lexington-Grenoble deposit on the British Columbia side of the Canada-USA border, adjacent to Marquee's project. The proximity suggests potential for future consolidation or technical collaboration.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Black Cat Syndicate: ASX-listed gold producer operating the Paulsens gold mine in Western Australia - located 30km NE of Marquee's Mt Clement Antimony-Gold Project. Directly relevant regional peer for the Mt Clement asset's geological and infrastructure setting.

Direct peers

• Pilbara Minerals: ASX-listed hard-rock lithium miner with operating Pilgangoora mine in Western Australia. Direct lithium exploration/production peer in the same Southern Yilgarn belt geography as Marquee's West Spargoville and Yindi projects.
• Liontown Resources: ASX-listed lithium developer with Kathleen Valley project in WA. Closely comparable junior-to-mid-tier lithium peer pursuing hard-rock lithium production in the same regional system as Marquee's lithium projects.
• Core Lithium: ASX-listed lithium producer/developer operating Finniss mine in Northern Territory. Comparable Australian-listed lithium pure-play with similar exploration-to-development trajectory.

Broad incumbents

• Mineral Resources Limited: Top-50 ASX diversified miner and Marquee's JV partner at West Spargoville. Operates Mt Marion lithium, Wonmunna iron ore and multiple mining services businesses; comparable as both partner and broader benchmark for Western Australian hard-rock lithium developers.
• Albemarle Corporation: World's largest lithium producer and operator of the Silver Peak mine in Nevada's Clayton Valley - the same basin where Marquee's Kibby Basin project sits. Key strategic peer and potential acquirer/partner for Clayton Valley assets.
• Lynas Rare Earths: Largest non-China producer of separated rare earth oxides (Mt Weld mine + Malaysian processing). Comparable as the only public Western REE integrated miner, directly relevant as benchmark for Marquee's Redlings project and NEAREAST separation ambitions.
• MP Materials: US-listed owner/operator of Mountain Pass, the only operational large-scale REE mine in the United States. Comparable as a Western-aligned REE producer and the most likely strategic benchmark/acquirer for Marquee's Redlings project.

Emerging players

• Patriot Battery Metals: ASX/TSX-V-listed lithium developer with the Shaakichiuwaanaan (Corvette) project in Quebec. Comparable emerging lithium peer with similar exploration-stage profile and Tier-1 location thesis.
• Vital Metals: ASX-listed rare earth developer with the Nechalacho project (Canada) and past Bissett Creek gold. Comparable small-cap diversified critical minerals peer pursuing non-China REE supply, similar profile to Marquee's Redlings/NEAREAST strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/marquee-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marquee Resources