Major boost in mineral resource estimate

Resource Development Group (ASX:RDG) has revealed a substantial increase in the mineral resource estimate for its Ant Hill Manganese Project. Located near Nullagine, Western Australia, the resource has grown from 3.1 million tonnes to 8.58 million tonnes. This expansion reflects the continuity of mineralization, opening up potential opportunities for direct shipping ore.

Strategic implications of updated resource estimate

The significant increase in mineral resources at the Ant Hill Manganese Project positions Resource Development Group (ASX:RDG) to capitalize on the growing demand for manganese, vital for steel and electric vehicle batteries. The company is focusing on commercialisation studies for both Ant Hill and Sunday Hill projects, aiming to confirm direct shipping ore opportunities. With plans for further infill drilling and a dedicated pilot plant for high-purity manganese sulfate production, RDG is poised to enhance its market presence and meet potential off-take partner needs. Future work will focus on extending and upgrading resource classifications to further boost the project's economic viability.

Executive insights on resource upgrade

The updated mineral resource estimate has been based on comprehensive geological mapping and drilling data. This increase not only confirms the continuity of mineralization but also enhances our strategic positioning in the manganese market.