(MENAFN - ABN Newswire) Resolution Minerals Ltd (ASX:RML) is pleased to announce it has received firm commitments for a placement of fully paid ordinary shares in the Company to sophisticated investors to raise a total of $3.25 million (before costs) at an issue price of $0.028 per Share (Placement) to progress the Company s gold 64North Project in Alaska and the Company s copper-cobalt projects in Australia at the Wollogorang and Benmara Projects in the Northern Territory. Resolution is very pleased to have cornerstone support of $2m from Fresh Equities.
Managing Director Duncan Chessell Commented:
The funds will be directed to drill testing large-scale potential gold and copper prospects across the Company s portfolio of projects in Alaska and Australia. We will also be generating new targets on the copper-cobalt Wollogorang and Benmara Projects in Australia. Global uncertainty and volatility retain gold s attractiveness and the voracious appetite for copper, cobalt, nickel, a
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Resolution Minerals Ltd (ASX:RML) Quarterly Activities and Cashflow Report 31 December 2020
Quarterly Activities and Cashflow Report 31 December 2020Adelaide, Jan 28, 2021 AEST (ABN Newswire) - Resolution Minerals Ltd (
ASX:RML) locked in a 30% interest in the 64North Project by successfully completing the Stage 1 expenditure requirements and issuing 10m shares and US$50,000 cash to Millrock (Vendor).
The Company has taken charge as Operator of the 64North Project Alaska removing the requirement to pay the 8% Operator fee to Millrock which totalled US$480K in 2019-20.
The Company has appointed Ms Rebecca Gower as VP Exploration Alaska. Ms Gower is relocating to Fairbanks, Alaska, permanently from Perth. Ms Gower has been working in gold and nickel exploration for the past eight years in based in Western Australia. Ms Gower is a US citizen and has previously worked in Alaska across multiple seasons and elsewhere in the Americas through a 15-year career in the mineral ex
Resolution Minerals Ltd (ASX:RML) New Copper Project Acquired - Northern Territory
New Copper Project Acquired - Northern TerritoryAdelaide, Dec 15, 2020 AEST (ABN Newswire) - Resolution Minerals Ltd (
ASX:RML) is pleased to announce that it has signed a binding term sheet with Strategic Energy Resources Ltd (
ASX:SER) (Vendors) as an Option to Purchase a 100% interest in EL32228 which covers approximately 663km2 in the NT on Benmara Station (Tenement). Upon completion, Resolution will hold a 100% unencumbered interest in the Tenement.
Binding term sheet to acquire 100% of Benmara Project covering 663km2 along-strike from the Walford Creek Cu-Ag-Pb-Zn-Co and Westmoreland U Deposits on the Fish River Fault