The Tungsten Mountain Project is Marquee’s Nevada tungsten project located in Churchill County, USA. The project covers the historic Tungsten Mountain Mine, a brownfield scheelite skarn system with documented historical production, underground development and multiple modern validation targets.

Marquee has entered into a binding agreement to acquire 100% of the Tungsten Mountain Property in Churchill County, Nevada. The acquisition comprises six unpatented lode mining claims, CAN #99 to CAN #104, which completely cover the historic Tungsten Mountain Mine, formerly known as the Hilltop Mine, in the Clan Alpine Mountains of western Nevada.
Tungsten Mountain is located in a long-established US mining jurisdiction, approximately 90 miles northeast of Fallon and 154 miles east of Reno. The project is accessible on maintained gravel roads to within approximately one mile of the historic workings, and the broader area benefits from relevant mining infrastructure, including a nearby grid-connected geothermal power plant.

Historical production from Tungsten Mountain totalled 6,978 dry tons of ore averaging 1.16% WO3, confirming a historically mined, high-grade scheelite skarn system. Historical underground workings total approximately 3,127 feet of drifts, crosscuts and raises across multiple levels, providing a substantial platform for modern mapping, sampling and verification work.

Historical technical material also records a non-JORC historical estimate of 250,000 tons averaging 1.0% WO3. Marquee is not treating this historical estimate as a current Mineral Resource or Ore Reserve. The historical estimate is relevant to Marquee’s exploration review because it provides context for the project’s prior work, production history and validation targets.

Tungsten mineralisation is hosted in skarn-altered Triassic-age carbonate sediments intruded by the Tungsten Mountain Stock. Historical information records scheelite-dominant mineralisation with associated sulphides and high-grade tungsten occurrences, including samples reported up to 7.32% WO3. Historical aeromagnetic surveys also indicate possible buried apophyses of the Tungsten Mountain Stock to the west and north of the mine area at shallow depths, creating priority exploration targets beyond the historic workings.

Marquee’s initial work program is verification-focused. The program will comprise modern geological mapping, sampling, review of historical geophysics, target ranking and drilling designed to determine whether the historical mineralisation can be advanced toward a modern JORC-compliant resource pathway.