Marquee Resources reported progress and discoveries at its Sa Pedra Bianca Project in northern Sardinia, Italy.
Recent explorations at the Sa Pala deposit have identified antimony grades of up to 6.5%, with historical data revealing the presence of critical metals that were previously overlooked.
Findings from the recent channel sampling include notable results such as 5m @ 0.6% Sb from 2m, including 1m @ 1.16% Sb, and 3m @ 0.7% Sb from 8m, including 1m @ 1.4% Sb.
Drilling efforts have shown 0.6m @ 6.5% Sb from 137.55m, among other promising results.
Marquee Executive Chairman, Charles Thomas, stated, "The dedicated team at Marquee Resources, in collaboration with Tim Spencer and Francesco Manca, has been diligently working on the preparation of the necessary documentation for the submission of the Research Permit for the Sa Pedra Bianca Project."
"During this process, the team has made a significant discovery—previously unrecognised antimony results from the Project. This discovery is particularly exciting as it opens up new possibilities for the potential of the Project moving forward," Thomas added.
Marquee holds options to acquire 100% of the Sa Pedra Bianca Gold and Silver Project through an agreement with a newly incorporated Italian private company.
The research permit application is in its final preparation stages and will be lodged in September.
Approval is anticipated within three to six months, allowing for drilling activities to commence in early 2025.
Further review and analysis of historical data highlight the presence of more critical minerals within the project extents, suggesting substantial potential for antimony and other critical metals at the Sa Pedra and Pedra Bianca deposits.
At the time of reporting, Marquee Resources’ share price was $0.019.