Marquee Resources (ASX:MQR) started its second phase drilling program at the Eastern Hills project in Western Australia, intending to drill about 3,500 meters over 15 holes, according to a Friday filing with the Australian bourse.
The exploration target at the project is between 3 million tonnes and six million tonnes with antimony grades of about 0.4% to 0.8%, the filing said.
The company is preparing to prioritize its downstream discussions following strong inbound interest from potential off-takers, per the filing.
Shares rose 5% in midday trade on Friday.