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.
Comments
Latest Multimedia
Latest News
Showroom
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
