Antimony Resources Shifts Gears at Bald Hill as Drilling Ramps Up and Offtake Talks Loom

Antimony Resources begins 19,000m drill program at Bald Hill, appoints metal marketers for offtake, with maiden NI 43-101 resource estimate expected from SRK Consultants.

Antimony Resources is entering a pivotal stretch as it prepares to launch its largest drill campaign to date while simultaneously taking the first steps toward commercializing the Bald Hill project in New Brunswick. The company has announced it will appoint metal marketers to evaluate potential offtake agreements for future product from the antimony deposit, a clear signal that the project is transitioning from pure exploration toward a market-facing trajectory.

The 19,000-metre program, scheduled to begin in the second week of May, splits neatly into two objectives. Around 13,000 metres are earmarked for expanding the Main Zone along strike and at depth, while the remaining 6,000 metres will test three newly identified mineralisation zones — Marcus, BH Central and BH South — all located close to the main body. This campaign follows a furious pace of definition drilling that has already delivered 77 holes and 25,000 metres since April 2025.

While the drills turn, the company is eagerly awaiting the next batch of assay results. More than 1,500 core samples are currently at the laboratory, with first returns expected during May. These data points will feed directly into the maiden NI 43-101 resource estimate being compiled by SRK Consultants — the single most important catalyst on the calendar for the year. Until that report lands, the market is pricing the project on expectation rather than measured reserves.

The Main Zone itself is shaping up as a substantial target. It stretches for more than 600 metres along strike, plunges to depths exceeding 400 metres, and averages four to five metres in width. A standout intercept from a deep hole on the northern side returned 4.38% antimony over 7.05 metres, with a higher-grade interval of 9.76% over 3.15 metres. Conceptually, the company has outlined a target of roughly 2.7 million tonnes at grades of 3% to 4% antimony — though this remains an exploration target, not a confirmed resource.

On the commercial side, formal permit applications are expected in the fourth quarter of 2026 or early 2027, with Antimony Resources already engaging GEMTEC and New Brunswick regulators to structure the environmental review process. The offtake discussions, still exploratory in nature, mark a notable shift in tone for a project that until now has been solely about discovery.

The stock has priced in a great deal of this optimism. Shares closed at C$1.45, representing a gain of more than 1,000% over the past twelve months, though they have retreated from the all-time high of C$1.65 hit in mid-March 2026. The underlying commodity supports the narrative. Antimony currently trades at US$51.80 per kilogram, down roughly 36% from the June 2025 peak but still more than 170% above the level at the start of 2024. Chinese export restrictions, rising defence spending, and limited refining capacity outside the country continue to underpin prices structurally, even after China temporarily suspended curbs on critical minerals to the United States until November 2026.

Adding another layer of potential, the company has identified a new antimony anomaly on the recently acquired Second Run claims, approximately three kilometres south of Bald Hill. Soil sampling there has revealed three zones of elevated values, one of which remains incompletely delineated and will require further work. The combination of an expanding drill program, imminent assay data, a pending resource estimate, and early commercial moves means the next few months will test whether Antimony Resources can turn geological promise into a measured, bankable story.