https://newsletter.mw.creamermedia.com
Export|Gold|PROJECT|Resources
Export|Gold|PROJECT|Resources
export|gold|project|resources

Critical Resources hunts for antimony in NSW

12th September 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

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.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (04/10/2024)
Updated 3 hours ago By: Martin Creamer

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 October 2024
Magazine round up | 04 October 2024
4th October 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.18 0.258s - 126pq - 2rq
Subscribe Now