Antimony Resources Reports High-Grade Antimony Hits as Bald Hill Drilling Program Reaches 19,000 Metres

Junior explorer Antimony Resources reports high-grade antimony up to 26.9% and extends Bald Hill mineralization to 495m; stock sees volatility amid strategic metal demand.

The junior explorer Antimony Resources has released a flurry of drilling results from its Bald Hill project in Canada, revealing antimony grades as high as 26.9% and extending mineralisation to nearly 500 metres below surface. The company has simultaneously accelerated its exploration campaign, with a 19,000-metre program now underway that targets both the main zone and three newly identified satellite zones.

Drill hole BH-26-10 returned grades of up to 26.7% antimony, while other holes intersected zones up to 15 metres thick with grades reaching 26.9%. The deepest intercepts now extend to 495 metres, and the main zone has been traced over a strike length of 600 metres, remaining open in all directions according to the company's updated 3D model. Since April 2025, Antimony Resources has completed approximately 25,000 metres of drilling, and the current campaign allocates roughly two-thirds of the footage to expanding the main zone, with the remainder testing the satellite targets.

The market is now awaiting a formal resource estimate from consultancy SRK, which is preparing the first compliant calculation under Canadian standards. An earlier, non-compliant estimate had pointed to roughly 2.7 million tonnes of ore, though that figure remains a rough guide only.

Investor sentiment has been whipsawed in recent weeks. The stock initially jumped 21% to C$0.98 on the back of the drilling news, extending year-to-date gains to over 1,000% at the peak. However, profit-taking subsequently erased those short-term gains, with the shares losing 21% in the following week and 40% over the past month. Even so, the stock still trades roughly 880% higher than at the start of 2024.

The broader macro backdrop continues to support Antimony Resources’ strategic narrative. Antimony spot prices currently sit at around US$52 per kilogram, a sharp increase since early 2024, and both the United States and the European Union classify the metal as critical. China has suspended its export restrictions on critical minerals to the U.S. until November 2026, but market participants view that as a temporary reprieve rather than a lasting solution. With antimony essential for munitions and semiconductors, North American sources remain a strategic priority.

Management is already laying groundwork for commercial production. The company is actively seeking offtake partners and plans to submit a formal permit application by late 2026 or early 2027. The next major catalyst will be the SRK resource estimate, expected to provide a firmer foundation for project economics and potential financing discussions.