Nanocap Marquee Resources (ASX:MQR) has jumped nearly +20% in intraday trades heading into Friday afternoon after being the latest stock to declare a high-grade antimony intercept on-site its Mt Clement Project in WA.
Headline results included an 8m intercept at 1.05% antimony from 137m depth and another 8m intercept at 1.02% Sb from 81m in an RC drill run that collected a total of 1,346m core equivalent. Grades “outperform comparable size ASX listed Company peers,” Marquee wrote on Friday, adding that the company’s already got a maiden JORC MRE due in the next two weeks.
Those two things put together, Marquee could be a company that enjoys a heightened profile of awareness in the coming weeks. Especially given Phase 2 drilling is to kick off in the last week of September “targeting depth and strike extensions” – suggesting that the company’s maiden MRE could soon be the subject of at least one upgrade, if not multiple.
The company also flagged on Friday its proximity to a Black Cat Syndicate-owned project, Marquee called the ‘Eastern Hills JORC deposit’, which it says is “quoted as” the country’s largest undeveloped antimony play. As for itself, Marquee expects these antimony results to become a “cornerstone asset.”
“Antimony remains our core focus for the rest of 2025 and with global markets finally recognising its critical status, Marquee is advancing Mt Clement at the right time, in the right commodity and now with strong tail winds behind us for exploration and resource definition at Mt Clement,” Executive Chairman Charles Thomas said.
Global markets may only be ‘finally’ realising antimony’s value, though, it hasn’t really been that long since the mineral came to the fore of everybody’s radar. The $9.5M capped company has 733M shares on issue.
MQR last traded at 1.3cps.
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