Australia’s mining sector has enjoyed a stellar year, but few companies have surged quite like Resolution Minerals Ltd (ASX: RML; OTCQB:RLMLF ). With its share price soaring 187.5% over the past 12 months (as of 12 December 2025), the Company stands out as one of the ASX’s strongest performers. Backed by a rapidly escalating global race for critical minerals, a major gold discovery at Horse Heaven in Idaho, and significant strategic moves in the United States, Resolution Minerals has captured investor attention across Australia and North America.
This article examines the Company’s breakout year, the drilling results that sparked the run, and the broader market conditions driving investor enthusiasm.
Figure 1: Resolution Minerals Limited
Golden Gate Discovery: The Catalyst for RML’s Breakout
Resolution Minerals’ meteoric rise is anchored in the Golden Gate Prospect at its 100%-owned Horse Heaven Gold–Antimony–Tungsten–Silver Project in Idaho, USA. What began as a maiden drilling campaign has rapidly evolved into one of the most promising new intrusion-related gold systems (IRGS) in North America.
In its December announcement, the Company unveiled several broad, near-surface gold intercepts that confirmed mineralisation across a minimum 600m strike length, open in all directions. The results included:
- 8m @ 0.64 g/t Au from surface in HH-GG25-004C
- 5m @ 0.36 g/t Au from surface in HH-GG25-005C
- 2m @ 0.42 g/t Au from surface in HH-GG25-007C
- And a standout from earlier reports: 253m @ 1.50 g/t Au from surface, including 3m @ 3.98 g/t Au
The updated interval for HH-GG25-001C, 197.5m @ 1.26 g/t Au from 34m, also confirmed that gold mineralisation extends for the entire hole.
RML’s CEO of U.S. Operations, Mr Craig Lindsay, summarised the impact of these exceptional results:
“These latest results materially advance our understanding of Golden Gate. We now have six diamond core holes, all returning broad, continuous gold mineralisation at or near surface and several of them end in mineralisation.”
Figure 2: Drill hole location and simplified geology map of the Golden Gate 2025 drill program of the Golden Gate Prospect.
A New Gold Discovery in a Premier U.S. Mining District
The Golden Gate Prospect lies just 6 km from the fully permitted Stibnite Gold Project, operated by Perpetua Resources. Both sit within the storied Stibnite Mining District, a region historically recognised for large-scale gold, antimony, and tungsten production.
Drill results released throughout 2025 consistently supported an IRGS model, placing Golden Gate in the same geological family as several world-class deposits including:
- Fort Knox
- Donlin Creek
- Telfer
- Hemi
- Kidston
Resolution’s Lead Geologist, Dr Austin Zinsser, emphasised the scale potential: “The additional drill results from Golden Gate North, especially the step-out hole to the south, demonstrate extension of the system well beyond historical drilling, and support the definition of a significant intrusion related gold system with multiple similarities to those at Perpetua’s Stibnite Gold Project.”
With the system still open to the north, south, east and at depth, Golden Gate represents one of the most significant gold discoveries announced on the ASX during 2025.
Figure 3: The Horse Heaven Project map shows the Golden Gate and Antimony Ridge targets, along with the nearby fully permitted Stibnite Gold Project located 6 km to the east.
Market Tailwinds: Gold Price Soars to Record Highs
Resolution’s exploration success coincides with a global surge in gold prices. As of 12 December 2025, gold trades at:
- US$4,331.25 per ounce, up +49.45 (+1.15%) today
- +1.18% over 24 hours
- +24.71% over six months
- +61.64% over one year
- And an extraordinary +718.79% over 20 years
This sustained upward trajectory is driven by geopolitical instability, inflationary pressures, and heightened demand from both central banks and private investors. For a company delivering long, continuous gold intercepts at a potentially bulk-mineable scale, the timing could not be more favourable.
Figure 4: Chart showing 1-year gold price performance. [Goldprice]
Strategic Expansion: Building a U.S. Critical Minerals Hub
Beyond exploration, Resolution Minerals has strategically repositioned itself as a future U.S. critical-minerals producer.
Acquisition of Johnson Creek Processing Mill
In late 2025, the Company signed a binding agreement to acquire the Johnson Creek Tungsten & Antimony Mill, including tungsten stockpiles and critical processing infrastructure. This 25-acre site directly adjoins the Horse Heaven Project.
Senior Strategic Adviser Brett Lynch described the acquisition’s importance: “I see this as a pivotal point for RML to establish itself as a leader in solving the U.S. Administration’s immediate need to secure antimony and tungsten for its national security requirements.”
The acquisition presents several strategic advantages:
- Fast-track potential for antimony and tungsten production
- Strengthened positioning for U.S. Department of War funding
- Enhanced downstream processing capability
- A major step toward becoming a vertically integrated U.S. critical-minerals supplier
Figure 5: A location map illustrating where the Johnson Creek Mill and Antimony Camp properties sit relative to the Horse Heaven project area.
Corporate Momentum and U.S. Visibility
The Company has strengthened its U.S. leadership team, secured an OTCQB listing under ticker RLMLF, and advanced preparations for a NASDAQ dual listing targeted for 2026.
A heavily oversubscribed A$25.1 million placement, backed by global institutional investors, underpins exploration funding into 2026. The Company’s elevated U.S. visibility aligns directly with the Biden administration’s emphasis on domestic critical minerals supply chains.
Share Price Performance: A Stellar Year
Resolution Minerals has significantly outperformed its peers and the broader market:
- Last price (12 Dec 2025): $0.046
- 2025 YTD: +283.33%
- 1-year return: +187.50%
- vs Sector (1yr): +165.14%
- vs ASX 200 (1yr): +183.09%
These metrics place RML among the top-performing small-cap resource stocks on the ASX. The Company’s combination of outstanding drill results, strategic acquisitions, strong gold market conditions, and U.S. critical-minerals policy alignment has created a powerful growth narrative.
Investors Outlook
Looking ahead, several catalysts could shape RML’s trajectory in 2026:
1. Ongoing Assay Results
With four diamond drill holes and multiple RC holes still pending, investors should expect continued newsflow from Golden Gate.
2. Expanded 2026 Drilling Program
Resolution plans 45 additional holes, covering 2.5 km of the known 3 km strike.
3. Metallurgical Testing
Results will provide clarity on processing pathways for gold, antimony, and tungsten.
4. NASDAQ Dual Listing
A successful listing would broaden investor access and potentially re-rate the stock in line with U.S. critical-mineral peers.
5. Commissioning Pathway for Johnson Creek Mill
If the mill is fast-tracked, Resolution could transform from explorer to near-term producer—an exceptional milestone in the critical minerals sector.
With rising gold prices, increasing U.S. federal support for domestic critical-mineral supply chains, and a world-class growing discovery, Resolution Minerals enters 2026 with strong momentum. Investors seeking exposure to critical minerals and North American gold development will likely keep RML on their radar.
Conclusion
Resolution Minerals’ 187% surge over the past year reflects the perfect alignment of strong exploration results and a global boom in critical minerals. As demand for gold, antimony and tungsten intensifies, the Company’s Golden Gate discovery, strategic U.S. expansion, and strengthened processing capability position it as one of Australia’s standout performers in the sector. With momentum building and the critical-minerals boom far from over, Resolution is poised to remain a key beneficiary of this rapidly evolving market.
