What Resolution Minerals does

Resolution Minerals Ltd (ASX: RML; OTCQB: RLMLF) is an Australian-domiciled, pre-revenue mineral exploration and development company advancing the Horse Heaven Gold-Antimony-Tungsten-Silver Project in Valley County, Idaho, USA. The 5,644-hectare project hosts multiple historical mines (Golden Gate, Antimony Ridge) and is adjacent to Perpetua Resources' Stibnite Gold Project, which contains a 4.8M ounce gold reserve alongside antimony and tungsten endowment. In March 2026, the company completed the acquisition of the Johnson Creek Tungsten & Antimony Mill — a processing facility on 25 acres of private land directly adjoining Horse Heaven, including approximately 2,000 tonnes of historical tungsten ore stockpiles — providing in-house downstream processing capability. The technical approach combines 3D vein swarm modeling (with over 100 high-grade antimony-silver veins identified across a 1,000m x 700m area at Antimony Ridge), pyrometallurgical and hydrometallurgical test work (via Kingston Process Metallurgy and ANSTO), and a Phase 2 drilling program of 45 holes / 13,700 metres at Golden Gate targeting a maiden JORC-compliant Mineral Resource Estimate in Q1 2027.

The business model is pre-revenue commodity development with a vertically integrated pathway: planned production of antimony, tungsten, gold, and silver for sale primarily to US federal government agencies (Department of Defense, Defense Industrial Base Consortium) and industrial consumers seeking to reduce import dependence on Chinese-controlled supply chains (China processes approximately 70% of global antimony). The company has secured White House FAST-41 permitting designation (April 2026) and US Defense Industrial Base Consortium membership (June 2026) as customer-access mechanisms. Distribution is via capital markets — dual-listed on ASX and OTCQB with a planned NASDAQ listing (Form F-20 confidentially submitted February 2026) — supported by institutional placements totalling approximately A$47.1M between September 2025 and April 2026 from Tribeca Investment Partners, L1 Capital, John Hancock Family Office, and Astrotricha Capital. Once in production, revenue mechanics will be commodity sales (hardware sales model) at prevailing market prices; tungsten APT was referenced at US$900–2,200/mtu and antimony at record highs.

Name

Resolution Minerals

Legal name

Resolution Minerals Ltd

Website

https://resolutionminerals.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Resolution Minerals (ASX: RML) is a pre-revenue Australian mineral exploration company developing the Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho, USA, with the Johnson Creek Mill providing in-house processing capability. It targets US defense and industrial buyers seeking domestic, non-Chinese critical minerals supply.

Ownership category

akta.pro rank

Product category

Critical Minerals Exploration & Development

NAICS

Mining (except Oil and Gas) (212)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Surface Mine Development & Pre-Strip (Earthworks, Overburden Removal, Haul Roads) (IMAKAOAD)

Keywords

• Critical minerals mining
• Antimony exploration
• Tungsten processing
• Gold exploration
• Defense minerals supply

Headquarters

HQ city

Wayville

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Critical Minerals Sales (Future): Once in production, the company plans to sell antimony, tungsten, gold, and silver commodities to US government and industrial buyers. Target customers include US Department of Defense, defense contractors, and industrial consumers of critical minerals. The company has secured FAST-41 status to accelerate permitting and positioning for domestic supply to US defense sector.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Resolution Minerals is an Australian mineral exploration and development company focused on the Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho, USA, aiming to provide domestically produced critical minerals to the US defense and industrial sectors. The company acquired the Johnson Creek Tungsten & Antimony Mill to provide in-house downstream processing capability, and also holds Australian exploration projects including Drake East (antimony-gold), Neardie (antimony), and Spur South (gold-copper).

Product overview

Resolution Minerals is a mineral exploration and development company operating as a multi-commodity developer. The company's core offering is the Horse Heaven Gold-Antimony-Tungsten-Silver Project in Idaho, USA, which represents the primary focus for near-term development. Supporting this are Australian exploration projects including Drake East (antimony-gold), Neardie (antimony), and Spur South (gold-copper). The company has also acquired the Johnson Creek Tungsten & Antimony Mill to provide in-house downstream processing capabilities. The portfolio is unified by a strategy to supply US domestic critical minerals (antimony, tungsten, gold) to defense and industrial sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Horse Heaven Gold-Antimony-Tungsten-Silver Project Flagship exploration and development project in Valley County, Idaho, USA, covering over 5,644 hectares. Hosts multiple historical antimony, tungsten, and gold mines including the Golden Gate and Antimony Ridge prospects. The project aims to provide domestic critical minerals supply to the US defense industry, with FAST-41 federal permitting designation for accelerated development.
• Johnson Creek Tungsten & Antimony Mill Past-producing processing facility located on 25 acres of private land adjoining the Horse Heaven Project in Idaho. Includes processing mill, storage buildings, industrial water rights, electrical power, and approximately 2,000 tonnes of tungsten ore stockpiles from the Golden Gate Tungsten Mine. Positions the company for in-house downstream processing of antimony, tungsten, and gold.
• Drake East Antimony-Gold Project Australian exploration project in northeastern NSW hosting high-grade antimony, gold, and silver mineralisation with a strike length of over 15km, including a placer gold deposit.
• Neardie Antimony Project Queensland-based exploration project including 3 past-producing antimony mines with peak values of 19.5% Sb.
• Spur South Gold-Copper Project Exploration project located within the Macquarie Arc region in NSW, Australia, prospective for porphyry-skarn mineralisation with a large magnetic anomaly.

Quantifiable outcome

• Exceptional tungsten grades of 1.85% WO3 from stockpiles, with potential for simple low-cost processing due to low impurities
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• US Defense Industrial Base ConsortiumcoreGTM or Marketing Partner · 22 June 2026Resolution Minerals accepted into membership of the US Defense Industrial Base Consortium (DIBC), established by US Department of Defense in 2024 to accelerate domestic supply of critical minerals. Membership positions the company to strengthen supply chains for antimony, tungsten, and gold for US defense and industrial sectors.
• Kingston Process Metallurgy (KPM)coreTechnology or Integration · 22 October 2025Engaged to undertake analytical, mineralogical and bench-scale concentration test work on high-grade Antimony Ridge samples. Defining optimal concentration and processing pathway for antimony ore.
• Evolve Exploration Inc.coreImplementation/ SI/ Consulting PartnerDrilling contractor engaged to execute Phase 2 drilling program using two MP1500 core diamond drill rigs. Contracted for 45-hole, 13,700 metre program at Golden Gate.
• ANSTO (Australian Nuclear Science and Technology Organisation)coreTechnology or IntegrationConducting hydrometallurgical processing test work on Antimony Ridge samples for antimony extraction.
• IMO Labs (Perth)coreTechnology or IntegrationAdvancing test work on options to concentrate antimony ore, tungsten and gold from Horse Heaven material.
• Thorn Run Partners & Clewett Global ServicescoreImplementation/ SI/ Consulting PartnerEngaged to expedite permitting approvals and secure various US federal government programs and incentives for Horse Heaven critical metals project development.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Westwater Resources: US-listed graphite developer pursuing Defense Production Act funding for domestic battery mineral supply — comparable positioning as a US critical minerals junior with government funding strategy.
• Snow Lake Resources: NASDAQ-listed (LITM) lithium and critical minerals company that made an unsolicited A$225M bid for RML's Horse Heaven Project, demonstrating direct strategic interest and comparable exposure to US critical minerals themes.
• Perpetua Resources: Direct neighbor and most comparable peer — Perpetua owns the adjacent Stibnite Gold-Antimony-Tungsten Project in the same Idaho mining district, holds a 4.8M oz gold reserve, and is similarly pursuing US Defense Production Act and EXIM Bank funding for domestic critical minerals supply to the DOD.
• Trilogy Metals: US-focused critical minerals developer (copper, cobalt, zinc, germanium, gallium) at the Upper Kobuk Mineral Projects in Alaska — comparable as a junior pursuing US government backing for domestic strategic mineral supply.

Broad incumbents

• USA Rare Earth: US-focused critical minerals developer pursuing government offtake for rare earths and other strategic minerals — comparable as a publicly listed US-domiciled company targeting defense and industrial customers for domestic supply.
• MP Materials: US-listed (NYSE: MP) critical minerals producer and the flagship US-listed rare earths company pursuing government partnerships for domestic strategic mineral supply — comparable as a US critical minerals champion and likely NASDAQ co-resident for RML.
• Energy Fuels: US uranium and rare earths producer with diversified critical minerals processing — comparable for processing infrastructure ownership, government partnerships, and a strategy of becoming a US critical minerals hub.

Regional players

• Lake Resources: ASX-listed lithium developer previously led by RML adviser Steve Promnitz — comparable as a junior Australian-listed critical minerals company with US strategic relevance.
• Sayona Mining: ASX-listed North American lithium producer previously led by RML director Brett Lynch — comparable as an Australian-listed critical minerals company with North American operations and institutional backing.

Emerging players

• Trigon Metals: Junior mining company with US copper-cobalt assets and African operations pursuing critical minerals supply — partial overlap in critical minerals themes and US strategic positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Resolution_LTD
• Facebookfacebook.com/ResolutionMinerals
• LinkedInlinkedin.com/company/resolution-minerals-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors2 records

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 Resolution Minerals