Zeus Resources Uncovers High-Grade Antimony Targets at Casablanca Project

Strategic Acquisition and Exploration Momentum

Zeus Resources Limited (ASX, ZEU) marked a significant milestone this quarter by completing the acquisition of the Casablanca Antimony Project in central Morocco. This portfolio of six exploration licenses covers a substantial stibnite-bearing quartz vein system along the Smaala–Oulmès Fault Zone, extending over 4 kilometres. The acquisition, finalized in July 2025, positions Zeus to tap into a critical mineral in high demand globally, supported by Morocco’s stable mining framework and investment-friendly environment.

Following the acquisition, Zeus swiftly engaged Ashgill Australia Limited to support in-country operations and initiated permitting processes. A comprehensive geophysical program employing dipole–dipole resistivity and induced polarization surveys was completed, revealing compelling subsurface anomalies indicative of high-grade antimony mineralisation. These anomalies, characterized by strong chargeability and resistivity signatures, correlate with surface rock chip samples exhibiting antimony grades up to 46.52% Sb, underscoring the project's exploration potential.

Advancing Exploration with Trenching and Drilling Plans

The geophysical results have laid a robust foundation for the next phase of exploration. Zeus plans to commence a trenching program aimed at testing the surface expressions of the identified anomalies, providing critical geological and structural insights. This will be followed by a drilling campaign designed to intersect the sub-vertical mineralised structures at depth, leveraging inclined and vertical drill holes to maximize resource delineation.

Strengthening US Engagement and Strategic Partnerships

In a strategic move to accelerate development and attract investment, Zeus appointed US Ambassador (Ret.) Christopher Dell as its US Business and Strategic Development Advisor. Mr Dell brings over three decades of diplomatic and business experience, including ambassadorial roles and leadership in major infrastructure projects. His role will focus on navigating US critical minerals policy, facilitating high-level introductions, and positioning Zeus as a reliable supplier amid global supply chain challenges, particularly given China’s dominant role and export restrictions in antimony markets.

Leveraging Newmont’s Data and Portfolio Optimization

Zeus also secured a five-year non-exclusive license agreement with Newmont Venture Limited, granting access to extensive exploration datasets covering Morocco’s Anti-Atlas and Central Meseta regions. This data package enhances Zeus’s ability to generate targets and assess regional potential efficiently. Concurrently, the company streamlined its portfolio by divesting the Mortimer Hills Project to Delta Lithium and allowing the Wiluna Project licenses to lapse, enabling a sharper focus on priority assets like Casablanca and ongoing projects in South and Western Australia.

Financial Position and Outlook

Financially, Zeus ended the quarter with a healthy cash balance of A$1.965 million and no debt, reflecting prudent capital management amid active exploration. The company reported exploration expenditure of approximately A$141,578 for the quarter, aligned with its strategic priorities. With trenching approvals underway and drilling plans on the horizon, Zeus is well-positioned to advance its critical minerals agenda and deliver value to shareholders.