Critical Resources hunts for antimony in NSW
Australian junior Critical Resources (CRR) has confirmed strategic antimony prospects within its Halls Peak project area, in New South Wales.
Given recent discoveries in the area and a global shift in antimony supply dynamics, the company recently initiated a targeted desktop study at the Hillgrove South prospect at Halls Peak.
This initiative has initially focused on the Hall Peak tenements staked in 2021, strategically located about 6 km south-east of Larvotto Resources’ Hillgrove deposit, which currently hosts a total resource of 7.264-million tonnes at 1.3% stibnite for 93 000 t of contained antimony.
"We are thrilled to confirm antimony showings within the Halls Peak project area. Our recent desktop studies have unveiled significant opportunities close to the Hillgrove antimony/gold mine, highlighting several historic prospects that have yet to be explored with modern techniques,” says nonexecutive director Nigel Broomham.
CRR has engaged consultant geologists Paul Degeling and Michael Leu, both with many years on-the-ground field experience in the Halls Peak/Hillgrove area, to continue to undertake a detailed desktop study.
The global antimony market is navigating a period of significant disruption, driven by China's recent decision to impose export controls on antimony ore, metal, oxides, and associated smelting and separation technologies starting from September 15. As the world’s dominant producer, supplying nearly 50% of global antimony, China’s actions have tightened market conditions and pushed prices to recent highs of $23 500/t.
These controls are expected to further increase market volatility and underscore the strategic importance of antimony, classified as a critical mineral by the UK, the EU, the US, Japan, and other key economies due to supply concentration risks.
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