Marquee Resources Limited (ASX: $MQR) Exploration Update

Marquee Resources Limited (ASX: $MQR) has released an update on the ongoing exploration activities at its Redlings REE Project. The company received final results from a regional geochemistry campaign, refining targets for ongoing drilling. The latest auger programme yielded up to 7,675ppm TREO assay results, indicating significant surficial REE anomalism spatially associated with interpreted carbonatites at the Redlings Project. The first drill hole, MQRC167, has been completed to a depth of 500m, with samples now sent to the laboratory. Drill holes MQRC168 and MQRC169 were also completed, intersecting interpreted carbonatite intrusions with associated fenitic alteration. The final drill hole, MQRC170, has commenced and is expected to take 1 week to complete.

Executive Chairman's Commentary

Drilling progress at Redlings continues as the company systematically tests the shallowest gravity anomalies over the project extents. The first batch of samples has arrived at the lab, and the second batch is being sent for assays. The company is encouraged by the results from the latest auger programme, which identified up to 7,675ppm TREO at Redlings.

Exploration Update Summary

Marquee Resources Limited (ASX: $MQR) has made significant progress in the exploration activities at the Redlings REE Project. The company's aggressive exploration strategy aims to fully test the potential of the project to host an economic REE mineral resource. The ongoing drilling program, planned to consist of approximately 1,500m RC drilling, targets dense pipe-like bodies at the Redlings Project, interpreted to represent carbonatite intrusions extending to significant depths. The company is buoyed by the encouraging results from the latest auger programme, which identified up to 7,675ppm TREO at Redlings. The completion of drilling is expected to take a further 1 week, with the first batch of assays expected 6-8 weeks following the completion of drilling. A further drilling campaign is planned to commence post receipt of assays should this exploration campaign be successful. The Redlings Project, 100% owned by Marquee, is strategically located and the company is utilizing recent advancements to drill test targets with the aim of making a significant REE discovery.