What's Happening?
Resolution Minerals, an Australian mineral exploration company, is advancing its tungsten exploration efforts at the Horse Heaven Project in Idaho, USA. The project spans over 5,644 hectares and includes 699 federal lode mining claims. This initiative is driven by historical data evaluations and recent drilling successes. Tungsten prices have reached a record high of $900 per tonne, with expectations of further increases in 2026. The company has appointed David Hembree, a former mine geologist, to lead the exploration efforts. Hembree will analyze historical data, conduct fieldwork, and oversee a drill program set for June 2026. Additionally, Resolution is acquiring the Johnson Creek Mill, which includes processing facilities and approximately
2,000 tonnes of tungsten ore stockpiles. The company aims to expedite tungsten resource development and expand mineralization along the Golden Gate Fault and other targets.
Why It's Important?
The advancement of tungsten exploration at the Horse Heaven Project is significant due to the rising demand and prices for tungsten, a critical mineral used in various industries, including electronics and aerospace. The project's success could enhance the U.S. supply of tungsten, reducing reliance on imports and strengthening domestic mineral resources. The involvement of experienced geologist David Hembree is expected to accelerate the development process, potentially leading to increased economic activity and job creation in the region. Furthermore, the acquisition of the Johnson Creek Mill could streamline processing operations, enhancing the project's overall efficiency and output.
What's Next?
Resolution Minerals plans to continue its exploration and development activities at the Horse Heaven Project, with a drill program scheduled for June 2026. The company will also finalize the acquisition of the Johnson Creek Mill, which is expected to enhance processing capabilities. As tungsten prices are anticipated to rise further, the company may explore additional opportunities to expand its resource base and increase production. Stakeholders, including local communities and industry partners, will likely monitor the project's progress and its potential economic impact on the region.
