Antimony Resources Prepares for a Defining Moment as Bald Hill Moves Toward First Resource Count

Antimony Resources completes 25,000m drill program at Bald Hill, targeting first NI 43-101 resource estimate by mid-2026 amid rising antimony demand.

The transition from exploration to resource definition is rarely a clean break, but Antimony Resources is about to cross that line in a matter of weeks. The Bald Hill antimony project in New Brunswick has wrapped up its latest drilling campaign, clearing the path for the company's first-ever NI 43-101-compliant mineral resource estimate — a milestone that could reshape how the market values the asset.

Drilling Data Points to a Substantial Deposit

The company finished its definition drilling program on April 28, having punched 25,000 metres into the Main Zone. Of that total, 12,500 metres came from the current definition phase that kicked off in February. The results so far sketch out an antimony body stretching 700 metres along strike and extending at least 350 metres down-dip. Mineralized widths average 3 to 4 metres, with grades running between 3 and 4 percent antimony.

Core samples are now being processed at Activation Laboratories in Ontario. Final assay results are expected three to four weeks after the program's completion.

SRK Consulting of Toronto has been tapped to produce the initial resource estimate. The firm brings relevant experience, having recently completed a resource calculation for the former Beaverbrook deposit in Newfoundland. The formal filing is slated for late April or early May 2026.

A technical report from 2025 had outlined an exploration target of roughly 2.7 million tonnes at grades of 3 to 4 percent antimony. The company is careful to note that figure remains conceptual and does not constitute a confirmed mineral resource.

Permitting Work Runs in Parallel

While the technical team focuses on the resource count, the regulatory machinery is also grinding into gear. GEMTEC Consulting is drawing up a permitting roadmap with a concrete timeline. Both firms have already held discussions with the relevant Technical Review Committee. Baseline environmental surveys are scheduled to begin this spring. The company is still in talks with authorities to determine whether a separate federal environmental assessment will be required.

A Second Drilling Campaign Is Lined Up

Come mid-May, the company will shift its attention beyond the Main Zone. A fresh 11,000-metre drilling program is set to target satellite zones away from the primary deposit. Earlier trench sampling in the central zone returned promising antimony grades. The property now covers more than 2,000 hectares following recent land extensions.

The company has also identified a new mineralized zone called Marcus West. Surface trenching there exposed massive stibnite in bedrock, with structural features that resemble the Main Zone. Follow-up mapping and drilling are part of the exploration blueprint for 2026.

Antimony's Strategic Premium Lifts the Project's Profile

The Bald Hill project is coming together at a time when antimony markets are anything but calm. China's export restrictions have redrawn global supply lines, and the metal is classified as critical by the United States, the European Union, and China itself. It is used in batteries, alloys, and defense applications.

The spot price, while easing slightly from recent peaks, still sits roughly 171 percent above where it was at the start of 2024. Consumption in the photovoltaic sector surged about 330 percent in 2024 compared with four years earlier. The market has been in structural deficit since 2022, a trend that shows no signs of reversing soon.

GBC AG initiated coverage on the stock in April 2026 with a buy rating and a C$3.00 price target. The investment bank cited New Brunswick's mining-friendly regulatory environment as a key advantage. A financing round at the turn of the year added net proceeds of C$8.7 million to the company's treasury, providing enough runway for the upcoming work programs.

Three Catalysts Converge in May

The coming weeks will pack a lot of news flow into a short window. With outstanding lab results, the formal resource estimate, and the start of the 11,000-metre drilling campaign, Antimony Resources has three distinct operational milestones lined up. For a company that has spent years drilling in the shadow of a tight antimony market, the next few weeks will mark the moment the project starts speaking in numbers rather than targets.