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Marquee Resources

Capitalizing on the Electric Revolution with a Diverse Battery Metal Portfolio

This Marquee Resources profile is part of a paid investor education campaign.*

MQR:AU
ASX:MQR


Overview

Electric vehicles (EVs) are rapidly becoming commonplace worldwide. Global EV sales rose by 80 percent in 2021 as automakers embraced zero-emission goals, and there are no signs of slowing down. In fact, the rapid adoption of EVs has made lithium demand skyrocket worldwide.

Lithium is prized for its highly conductive properties and strong energy storage performance. As a result, it has become a critical element in the electrification revolution. It’s not the only metal with growing demand, however. Lithium leads the charge, followed by other critical metals such as copper, vanadium and cobalt. Mining companies that target these critical metals are poised to capitalize on the transition to clean energy, from EVs to clean energy technologies.

Marquee Resources (ASX:MQR) is a fully-funded junior exploration company focused on its diverse portfolio of battery metal assets. The company has projects in hotbed areas for battery metals throughout Western Australia and the United States, and many of its assets are in advanced exploration stages. Its diversified portfolio includes assets containing lithium, copper, gold, and rare earth elements.

Diversified Battery Metals Portfolio

The company’s flagship project is the West Spargoville Lithium Project, located in the prolific Southern Yilgarn Lithium Belt in Western Australia. The project has already yielded encouraging exploration results. Recently, Marquee Resources entered into a partnership Mineral Resources Limited (ASX: MIN) to explore and develop the project. Mineral Resources has extensive experience operating hard-rock lithium mines and brings technical and operational expertise to the project.

Marquee Executive Chairman, Charles Thomas, commented, “After much deliberation on which Partner to select to help us advance the West Spargoville Lithium Project, I am extremely happy to announce we are partnering with one of the most innovative and leading mining service companies and one of the world’s largest lithium producers. Mineral Resources has an excellent track record and reputation and I am very pleased that a company of their caliber sees the same potential at WSP as the team at MQR and I do. With the RC rig currently turning at the Project we look forward to rapidly generating drilling results from the highly prospective WSP Project and sharing them with our shareholders.”

Marquee has encouraging lithium assets. Clayton Valley Lithium is in the same region as Kibby Basin and builds additional excitement for lithium potential. West Spargoville is located in another lithium hotbed in Western Australia and recently began exploration drilling. While Clayton Valley and Kibby Basin contain lithium brine, West Spargoville contains hard-rock lithium deposits.

Marquee Resources’ other projects target other critical battery metals, such as rare earth elements and copper. For example, its Lone Star Copper and Gold project is currently undergoing a ~6,000-meter diamond drilling program. Historical diamond and percussion drill hills indicate high-grade deposits of copper and gold.

The company is led by strong management with experience in natural resources and corporate administration. Charles Thomas, executive chairman, has over 15 years of experience in capital markets and structuring corporate transactions. Dr. James Warren, chief technical officer, has worked in leadership roles managing technical operations. George Henderson, non-executive director, has extensive experience in equity capital markets dating back to 2004. Anna Mackintosh, company secretary, has 26 years of commercial experience in compliance and finance roles for natural resource companies.

Company Highlights

  • Marquee Resources is an Australian fully-funded exploration company targeting battery metals with multiple assets in advanced exploration stages.
  • The company’s flagship project is the West Spargoville Lithium Project and has already yielded encouraging exploration results.
  • Marquee Resources has entered into a partnership with Mineral Resources Limited (ASX: MIN) to explore and develop the West Spargoville Lithium Project. Mineral Resources has extensive experience operating hard-rock lithium mines and brings technical and operational expertise to the project.
  • The company’s Kibby Basin project is located near the only producing lithium mine in the United States and contains encouraging geologic properties that indicate the presence of lithium brine. Additionally, the asset is fully permitted for water extraction.
  • The company has additional projects that target lithium and other battery metals, such as copper, gold, and rare earth elements. Historical and current exploration assays indicate high-grade deposits of target metals.
  • A management team leads Marquee Resources with directly relevant experience in natural resource markets, corporate administration and corporate finance.

Key Projects

West Spargoville Lithium

West Spargoville Lithium

The Western Australian flagship project is located in the prolific Southern Yilgarn Lithium Belt. The asset is near multiple producing lithium mines, including the Bald Hill Mine and Mt. Cattlin Mine. Historical exploration data indicates a 2.4 kilometer long anomaly rich in lithium deposits. The project has slated non stop exploration drilling until the end of 2022.

Project Highlights:

  • Encouraging Exploration Results: Deep Ground Penetrating Radar results indicated significant potential for lithium-bearing pegmatites. Interpretation of these has helped identify targets for follow-up drill testing.
  • Auger Program Awaiting Lab Results: An auger geochemistry drilling campaign consisting of approximately 3,200 holes was recently completed.
  • RC Drill Campaign: An RC drill campaign is underway and expected to continue until the end of 2022
  • Near World-Class Lithium Deposit: The Earl Grey deposit is located west of the deposit and contains similar geological formations as the primary West Spargoville project area.

Lone Star Copper & Gold

Lone Star Copper & Gold

The company's copper and gold project is located in Washington State and contains a 3-kilometer-long mineralization trend of copper-gold deposits. The project has multiple past-producing mines and previous exploratory drill holes. In addition, the ~6,000-meter Phase 1 diamond drill program has now completed which should result in a JORC-compliant resource estimate being in Q3 2022.

Project Highlights:

  • Robust Infrastructure: The project has road access and water access and is located only minutes away from a community.
  • Exiting Mill Being Refurbished: A mill located 11 kilometers away is undergoing refurbishment before commencing operations.
  • Encouraging Historical Data: Previous exploration data indicates copper deposits up to 2.4% from 19 meters and 1.4 g/t gold at 7.6 meters.

Kibby Basin Lithium

Kibby Basin Lithium

Kibby Basin is located in Nevada, 60 kilometers north of Ablemarle's operating lithium mine. The project covers 2,560 acres, and Marquee has full water extraction permits necessary for lithium-brine extraction. The project is in advanced explorations stages and has a drill rig carrying out 24/7 exploration currently.

Project Highlights:

  • Geological Structure Indicative of Lithium Brine Deposits: Kibby Basin contains a 7.4 kilometer long structure with a similar geological structure as Ablermarle’s prolific lithium mine.
  • Basin May Contain Layers: Early exploration results indicated an extensive enough basin to potentially contain multiple layers of aquifers, which is favorable for high-grade lithium brine. Additionally, the project has substantial water resources available.
  • Fully Permitted and Exploration Underway: The project has received all necessary permits, and the company is currently carrying out a robust drilling program. The company suspects that this project will complement its nearby Clayton Valley Lithium Project.

Clayton Valley Lithium

Clayton Valley covers 12 square kilometers in Nevada and contains both lithium brine and clay. Like Kibby Basin, Clayton Valley is near Albemarle’s productive lithium mine. Kangari Consulting LLC completed a comprehensive review of the project and surrounding area, prompting Marquee to commence a two-phase exploration project.

Project Highlights:

  • Cater to U.S. Lithium Consumption: The asset is located in a great location to service the U.S. domestic market with scalable, staged development that can be developed to cater to increasing demand.
  • Near Tesla’s Gigafactory: Clayton Valley is 3.5 hours away from Tesla’s Gigafactory Number 1, a significant producer of lithium-ion batteries.

Encouraging Exploration Results: Existing data indicates the presence of high-grade lithium ranging from 2.9 mg/l at 10 feet to 11.6 mg/l at 110 feet. Additionally, the project has substantial water resources to support lithium extraction and processing.

Redlings Rare Earths

Redlings Rare Earths

The Redlings Project is located in Western Australia, 150km away from Lynas’ (ASX:LYC) Mount Weld Project. The 100 percent owned project covers an area of approximately 108 square kilometres of tenure with historical samples of up to 7.8 percent TREO.

Auger sampling recently completed identified additional rare earth element bearing dykes. According to executive chairman Charles Thomas, "There is a very good potential to identify a part of the system that hosts an economic deposit."

Project Highlights:

  • Historic sampling results: Rock-chip samples up to 7.8 percent TREO.
  • Location: In proximity to Lynas’ Mount Weld Mine where a new exploration program has been established after samples returned high grade REE assays.
  • Promising exploration strategy: Recent drilling identified structures on the location of known REE-bearing carbonatitic dykes; drilling intersected a 25km structural zone of pink, frenetic, alteration intruded by multiple carbonatitic dykes.

Management Team

Charles Thomas - Executive Chairman

Mr. Thomas is the founding director of Marquee Resources and was the Managing Director of the Company until 2019, when he then assumed the role of Executive Chairman. Mr. Thomas is also an Executive Director and Founding Partner of GTT Ventures, a leading boutique corporate advisory firm based in Australia. Mr. Thomas holds a Bachelor of Commerce from UWA majoring in Corporate Finance. Mr. Thomas has worked in the financial service industry for more than 15 years and has extensive experience in capital markets as well as the structuring of corporate transactions. Mr. Thomas has significant experience sitting on numerous ASX boards spanning the mining, resources and technology space. Mr. Thomas’s previous directorships include among others AVZ Minerals Ltd (ASX:AVZ), Force Commodities Ltd (ASX:4CE) and Liberty Resources Ltd (ASX:LBY), where he was responsible for the sourcing and funding of numerous projects. Mr Thomas is currently None-executive Chairman of Viking Mines Ltd (ASX:VKA) and Non-executive director of Chase Mining Corporation Ltd (ASX:CML).

Dr. James Warren - Chief Technical Officer

Dr. Warren is a geologist with extensive experience in the mineral resources sector and has held a variety of technical, operational and leadership roles spanning from greenfield target generation to production.

Dr. Warren commenced his career in the Eastern Goldfields working at Gold Fields’ ST Ives operation in exploration and underground positions. Dr. Warren then completed his PhD, focusing on Kunanalling and Zulieska shear zones, while working at Phoenix Gold Limited (previously ASX: PXG). Dr. Warren was a key member of their exploration team until their takeover by Evolution Mining Limited. Dr. Warren then worked in the Mineral and Hydrothermal Geochemistry team at the CSIRO, when he was appointed as exploration manager of Echo Resources Ltd (Echo). At Echo, Dr. Warren oversaw the exploration strategy and growth of Echo’s resource base to over 1.8Moz and was involved in the development of their corporate strategy and promotion.

Over the previous 2 years, Dr. Warren had been working in private enterprise with Tali Resources Pty Ltd where he has been instrumental in generating geological frameworks and driving project acquisition, whilst overseeing exploration and company promotion.

George Henderson - Non-Executive Director

George Henderson is a corporate lawyer and founding partner of AGH Law.

Mr. Henderson primarily acts for clients in relation to capital raisings (including IPOs, back door listings and secondary offerings), mergers and acquisitions (including takeovers and private share or asset sales), and ASIC and ASX compliance. George has particular experience in the resources and technology sectors, for both local and international clients.

Mr. Henderson graduated from the University of Western Australia with degrees in Law and Commerce (Corporate Finance and Financial Accounting). Since graduating, George has also obtained a Graduate Certificate in Applied Finance at Kaplan Higher Education.

Daniel Moore - Non-Executive Director

Daniel Moore (BEcon/LLB) was formally the CEO of Centenario Lithium. He has extensive experience in equity capital markets since 2004, previously with Wilson HTM and Morgan Stanley, focused on emerging companies. He has held Non-Executive Director roles at iCollege (ASX:ICT), Coronado Resources during its RTO with Race Oncology (ASX:RAC) and Stratum Metals during its RTO with Locality Planning Energy (ASX:LPE).

Anna Mackintosh - Company Secretary

Anna Mackintosh, B.Com (UWA) CPA also serves as Company Secretary of TAO Commodities Ltd (ASX:TAO) and Global Vanadium Ltd (ASX:GLV).

Mrs. Mackintosh has over 26 years of commercial experience including 11 years with BHP, 10 years with AFSL holder Kirke Securities Ltd as Compliance Manager, Finance Manager and Responsible Executive. Mrs. Mackintosh was previously the Company Secretary/CFO of Kalia Limited (ASX:KLH) (2009 -2018 formerly GB Energy Limited), Applabs Technologies Ltd and Financial Controller at Force Commodities Ltd.

*Disclaimer: This profile is sponsored by Marquee Resources ( MQR:AU ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Marquee Resources in order to help investors learn more about the company. Marquee Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Marquee Resources and seek advice from a qualified investment advisor.

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