An initial mapping and sampling program at Iltani Resources’ Antimony Reward project in north Queensland has returned what the company believes to be extensive antimony mineralisation.
Antimony Reward’s mineralisation includes epithermal quartz veins hosting stibnite (antimony sulphide) and minor stibiconite (antimony oxide), with a strike extent of at least 800m.
Iltani has sent 19 samples to ALS Townsville for assay, with results expected within one to two weeks.
“With the antimony price increasing to $US25,100 per tonne plus a recently announced ban on Chinese antimony exports, we have accelerated exploration at our Antimony Reward deposit,” Iltani managing director Donald Garner said.
“We await results from sampling and mapping completed at Antimony Reward, which confirmed the presence of extensive antimony mineralisation.
“We have completed the design of an initial 15 to 20-hole (1500m) RC (reverse circulation) drilling program and are working with the landowner and First Nations group to seek to commence drilling by end of September or early October.”
China, the world’s largest antimony producer, has imposed export bans on certain antimony products from September 2024, with the intention of safeguarding its strategic reserves of the critical mineral.
Antimony is used in various applications, including solar panels, electronics, and military uses.
These results come after Iltani only recently chose to recommence drilling at the Antimony Reward deposit.
Historical drilling conducted in 2008 highlighted Antimony Reward’s strong potential, with key results including 12m at 2.73 per cent antimony (Sb) from 29m and 3m at 3.49 per cent Sb from 62m, with assays reaching up to 17.30 per cent Sb over 1m.
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