Antimony Resources Faces a Data Avalanche as 1,500 Samples Head for the Lab

Antimony Resources awaits assay results from 1,500 samples at Bald Hill, launches 19,000m drill program, and advances first resource estimate amid tight antimony supply.

Antimony Resources is entering a defining period for its Bald Hill project in New Brunswick, with exploration activity reaching a fever pitch. The company has wrapped up its latest drilling campaign and is now waiting on laboratory results for more than 1,500 rock samples — a haul that will determine whether the project's early promise holds up under scrutiny.

The samples, drawn from over 1,500 drill core specimens, are currently being processed and results are expected to trickle in throughout May. That timeline overlaps neatly with the start of the company's next field campaign, turning the month into a critical data point for investors tracking the junior miner's progress.

Drilling Expands as New Targets Emerge

While the lab work proceeds, Antimony Resources is wasting no time. Drill rigs are scheduled to return to site in the second week of May for a major new programme totaling 19,000 metres across the coming six months. The bulk of that — 13,000 metres — will target the Main Zone, where the company aims to extend known mineralization both at depth and along strike.

The Main Zone currently stretches over 600 metres in length and has been traced to roughly 350 metres depth. Average true widths run between four and five metres, with antimony grades clustering around the three percent mark. The final hole of the previous campaign, BH-25-34, set a high bar: it returned 4.38 percent antimony over 7.05 metres, including a high-grade interval of 9.76 percent over 3.15 metres.

The remaining 6,000 metres of the expanded programme will test three new target areas — Marcus, BH Central and BH South — where soil sampling has already flagged anomalous antimony values. These zones represent the company's first systematic attempt to prove up mineralization beyond the Main Zone.

Resource Estimate in the Works

As the new drilling gets underway, consultancy SRK Consultants is crunching the data from past campaigns to produce the project's first official resource estimate under Canadian industry standards. To date, the company has only published a conceptual target of roughly 2.7 million tonnes at up to four percent antimony. Whether that figure holds up will become clear when the resource report lands.

The company is also preparing for what comes next. Management has begun laying groundwork for offtake discussions, with SRK working on a technical gap analysis to support the eventual permitting process. Antimony Resources expects to submit a formal mine permit application by early 2027 at the latest.

Strategic Metal, Tight Supply

Antimony's status as a critical mineral in both the US and Europe is adding weight to the Bald Hill story. The metal is essential for defence applications, including munitions, and for semiconductor manufacturing. With Chinese export restrictions set to expire in November, the project's location in a stable North American jurisdiction is drawing heightened attention from potential off-takers and strategic investors alike.

The company's finances are in reasonable shape to support the expanded work programme. A February 2026 warrant exercise brought in roughly 1.21 million Canadian dollars, following a financing round late last year that raised close to 9.45 million Canadian dollars.

Market Reaction Mixed

The stock has seen volatility in recent weeks. After trading at 1.21 Canadian dollars on the back of the accelerated exploration news, the shares have since pulled back. On the Canadian Securities Exchange, the last closing price was 0.98 Canadian dollars. On Tradegate, the stock edged up 0.40 percent to 0.506 euros on May 8.

The relative strength index sits around 40, suggesting the stock is approaching neutral territory after a correction. Over the past week, the shares have shed roughly 11.5 percent. Still, the stock remains about 58 percent above its 200-day moving average and has gained more than 470 percent over the past year. The market capitalisation stands at approximately 101 million Canadian dollars.

Whether that valuation holds depends heavily on the laboratory results now in the pipeline. The 1,500 samples will tell investors if the grade and continuity at Bald Hill justify the premium the market has already assigned.