Resolution Minerals Ltd (ASX: RML) (the ‘Company’ or ‘Resolution’), an emerging supplier of U.S. defense-critical minerals, is rapidly progressing its flagship Horse Heaven Antimony-Gold-Silver-Tungsten Project in Idaho, USA. The Company is taking a significant leap toward aligning itself with U.S. strategic interests through high-level appointments.
Resolution’s recent strategic developments, including the appointments of senior industry advisors, the naming of a U.S. CEO, reinforce its positioning as a serious contender in the North American critical minerals supply chain.
Advancing the Horse Heaven Project: A Critical Mineral Powerhouse
The 100%-owned Horse Heaven Project remains at the center of Resolution Minerals’ strategy to become a reliable supplier of critical minerals essential to defense, clean energy, and industrial applications. Located in Idaho’s Valley County, an established mining jurisdiction, the project boasts a significant antimony endowment, supported by meaningful Gold, Tungsten, and Silver mineralisation.
Resolution Minerals is advancing preparations for a major deep drilling campaign at its Horse Heaven Antimony-Gold-Tungsten Project in 2025. The program targets sulphide gold mineralisation at depth, building on historical shallow drilling that confirmed surface mineralisation across key zones, Golden Gate and Antimony Ridge, both of which host past-producing mines for Gold, Antimony, and Tungsten.
Location map of the Horse Heaven Project
Recent surface sampling has returned strong assays of up to 5.9 g/t Gold, 19.15% Antimony, 367 g/t Silver, and 230 g/t Tungsten, highlighting the project’s high-grade, multi-commodity potential. Resolution describes Horse Heaven Project as a rare confluence of high-grade, high-value, and high-tonnage across four U.S.-designated critical minerals. Notably, the U.S. has no current primary production of Antimony, and its Tungsten and Rare Earth supply chains remain critically exposed to foreign control.
Following a comprehensive review of 2022 RC drilling and historic datasets, the Company has integrated new satellite imagery and hyperspectral analysis to refine high-priority drill targets. The upcoming program will test deeper mineralised zones along strike from known surface anomalies and aims to deliver the geological control required for future resource modelling.
Idaho: A Strategic Location for Critical Minerals Development
Horse Heaven Antimony-Gold-Tungsten Project’s location offers significant advantages from both a logistical and strategic perspective. The site is accessible year-round, situated just 8 km off a major U.S. highway and within trucking distance of several processing facilities. The Project is adjacent to Perpetua Resources’ Stibnite Gold Project (market cap ~A$2.8 billion). The Stibnite Gold Project encompasses a world-class mineral resource base, featuring 4.8 million ounces of gold reserves complemented by major Antimony and Tungsten deposits.
Location of Horse Heaven Project and Perpetua Resources Stibnite Gold Antimony Project
Resolution is actively engaging with various government bodies and U.S. stakeholders to explore grant funding and strategic partnership opportunities aimed at advancing Horse Heaven’s development. The current geopolitical climate, rising demand for critical minerals, and the U.S. Government’s prioritisation of domestic supply resilience create a compelling backdrop for the project’s growth.
Strategic Appointments to Drive U.S. Critical Minerals Strategy
Resolution Minerals Limited is pleased to announce a series of high-impact leadership and advisory appointments as it accelerates its U.S.-focused critical minerals strategy, centered around the historically significant Horse Heaven Antimony-Gold-Silver-Tungsten Project in Idaho.
CEO – U.S. Operations: Mr. Craig Lindsay
The Company has officially appointed Mr Craig Lindsay as CEO – U.S. Operations, formalising his leadership ahead of the maiden drill program at the Company’s flagship Horse Heaven Project in Idaho. Mr. Lindsay brings over 30 years of experience in natural resources and corporate development, including leading roles in projects acquired by Energy Fuels Inc. (NYSE: EFR), Excellon Resources Inc. (TSXV: EXN), and Tom Group Limited (SEHK: 2383). His track record includes advancing the Kilgore Gold Project in Idaho through to a Preliminary Economic Assessment and sale and founding Otis Gold Corp. Under his leadership, Lindsay will spearhead government relations, engaging with the Department of Defense, Department of Energy, and White House, as well as oversee all U.S.-based exploration, technical management, and capital markets positioning.
Mr Craig Lindsay, CEO, U.S. Operations, Resolution Minerals Limited
He describes Horse Heaven as a strategically located Antimony-Gold-Silver-Tungsten Project with a legacy of supplying Antimony and Tungsten to the U.S. Government during World Wars and the Korean War. Adjacent to the A$2.6 billion Stibnite Mine, the Project is set to benefit from infrastructure upgrades, including a new access road and high-voltage power line. Mr. Lindsay’s role includes leading exploration efforts, managing U.S. contractors, and reporting to the board. As part of his engagement, subject to shareholder approval, he will be granted equity incentives aligned with key project and corporate milestones. The appointment adds significant strength to Resolution’s leadership bench. It reflects the Company’s commitment to executing a U.S.-centric strategy to fast-track the development of critical minerals assets aligned with federal priorities.
Strategic Advisors: Mr. Steve Promnitz and Mr. Brett Lynch
Resolution has also appointed renowned mining executives Mr. Steve Promnitz and Mr. Brett Lynch as Senior Strategic Advisors. With a combined track record of generating over $7 billion in market capitalisation through the leadership of ASX-listed critical minerals companies, their appointments mark a pivotal step in Resolution’s U.S. expansion.
Mr Steve Promnitz and Mr Brett Lynch, Senior Strategic Advisors, Resolution Minerals Limited
Mr. Promnitz previously built Lake Resources Ltd (ASX: LKE) from a $1 million market cap explorer into a $3 billion critical metals company via the Kachi Lithium Project. Mr. Lynch transformed Sayona Mining Ltd (ASX: SYA) into a multi-billion-dollar U.S. critical minerals producer through the restart of North American Lithium.
Both executives offer invaluable U.S. and international investor networks, deep technical expertise, and direct experience in navigating the U.S. regulatory and capital markets environment. Their involvement strengthens RML’s positioning ahead of an imminent, fully permitted drill campaign at Horse Heaven.
ESG and Community Engagement
Resolution continues to prioritise sustainability and community engagement as part of its project development approach. The Company has initiated a Phase 1 archaeological and cultural heritage survey in collaboration with a professional U.S.-based archaeological consultant and local stakeholders. The survey has identified two small sites with no impact on the current exploration plans. The Company will proceed with a complete Phase 2 heritage survey, demonstrating its commitment to responsible exploration.
Resolution is also progressing internal reviews for potential partners and has ongoing discussions with several U.S.-based strategic groups. This includes evaluating possible off-take and investment opportunities that could de-risk the Horse Heaven development, while certainly.
Investor’s Outlook
Resolution Minerals is gaining momentum as a serious U.S.-focused critical minerals explorer, uniquely positioned to benefit from the geopolitical drive toward mineral sovereignty. Its flagship Horse Heaven Project in Idaho hosts Antimony, Tungsten, Gold, and Silver minerals on the U.S. Government’s Critical Minerals list, vital for defense, clean energy, and supply chain security.
Corporate Activity and Capital Management
As of 30th June 2025, the Company held A$1.171k in cash with no corporate debt, reflecting its lean, low-overhead structure.
Beyond equity markets, Resolution is actively pursuing non-dilutive funding avenues, including government grants, mineral subsidies, and strategic partnerships, demonstrating sound fiscal discipline in a capital-intensive sector.
Why This Matters: The Strategic Importance of U.S. Mineral Sovereignty
Over 80% of U.S. Antimony imports currently come from China, and the Tungsten supply is similarly concentrated. Resolution’s Horse Heaven Project is thus not just a resource play, but a national interest story. With growing bipartisan support for reshoring mineral supply chains, Horse Heaven’s U.S. location, infrastructure access, and advanced exploration history make it a standout.
Market Performance and Valuation
Resolution’s share price has surged in 2025, delivering a +375% return over the past year, as investor sentiment strengthens around its ambitions and U.S. mineral focus. Despite this rally, the Company’s market cap remains modest at A$93.92 million, indicating room for further upside as milestones are met.
Resolution Minerals Ltd share price chart
Key Stock Metrics
- Share Price: A$0.076
- Volume (30 July): 7.94M
- 52-Week Range: A$0.007 – A$0.093
- Shares on Issue: ~667.8M
- Cash (30 June): A$1.17M
Catalysts Ahead
- Exploration results and maiden resource
- Federal support and grant outcomes
- Strategic U.S. partnerships
With its dual-track strategy, exploration momentum, and North American capital access, Resolution Minerals offers early-stage investors leveraged exposure to the U.S. critical minerals renaissance.
