Bald Hill Drilling Delivers 13.9% Antimony as Western Supply Jitters Intensify

Antimony Resources has unravelled a set of drilling results that underscore both the geological promise and the geopolitical urgency of its Bald Hill project in New Brunswick. The company reported a narrow but exceptionally high-grade intercept of 13.9% antimony over 0.25 metres at a depth of 248.35 metres in hole BH-26-04, alongside a broader intersection of 4.38% antimony over 7 metres — the sort of composite that mine planners tend to favour over isolated spikes.

The deeper intercept came from the same hole that also delivered 8.1% antimony over 0.60 metres, reinforcing the view that mineralisation is not a one-off event but may extend across a more coherent system. Further support came from BH-26-01, which returned 6.20 metres at 1.67% antimony, and BH-26-05 with 3.80 metres at 0.71%. The current campaign has traced the mineralised footprint down to 495 metres vertically, a depth that puts the system's continuity front and centre in the company’s planning.

Chief executive James Atkinson said the latest figures align with historical data showing grades of roughly 3–4% antimony over intervals of several metres. Those earlier results underpin the conceptual resource target of 2.7 million tonnes that Antimony Resources is working toward under NI 43-101 standards, a goal backed by a technical report published in March 2026.

None of that is a formal resource yet. The company acknowledges that drill density, continuity and geometry must each reach a defensible threshold before a compliant estimate can be declared. That is exactly what the ongoing programme is designed to deliver: three rigs are turning on the 37-square-kilometre land package, with 19,000 metres of drilling planned in total. Roughly 13,000 metres are earmarked for the Main Zone to expand and tighten the known mineralisation, while the remaining 6,000 metres will probe new targets including Marcus, BH Central and BH South.

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The strategic backdrop to this work has grown more urgent by the month. China, which for years dominated global antimony supply, throttled exports in 2024, sending prices into a near-vertical climb. A tonne of antimony that once traded at around $13,500 now hovers close to $60,000. For Western defence contractors such as Rheinmetall and Renk — whose supply chains depend on the metal for munitions and battery systems — the squeeze has turned into a full-blown crisis. The United States, which imported vast quantities of antimony without any domestic primary production of its own, is now scanning for alternative sources.

That gap is the opening Antimony Resources aims to fill. The company is well capitalised for the task: cash on hand stood at C$8.24 million at the end of February, a sharp increase from less than C$2 million six months earlier. Management says the current exploration programme is fully funded.

The stock has not been immune to the wider volatility in the junior mining space. After a period of dramatic swings — weekly moves of 20% were not uncommon — the share price found a technical floor around C$0.80 and has since recovered to C$1.03 on the Canadian Securities Exchange. Next week, on 20 May, the management team will present at the International Investment Forum, where investors will be listening for a clear timeline toward production.

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The eventual ambition is a small underground mine capable of producing roughly 5,000 tonnes of antimony concentrate per year. If the drilling now underway can convert the conceptual target into a measured resource, North America would gain its first independent antimony supply chain in decades.

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