Antimony Resources Limited (ASX: ANT) (“Antimony Resources” or the “Company”) is pleased to announce that its US subsidiary, Strategic Minerals, Inc., has been accepted into the US Defense Industrial Base Consortium (“DIBC“), providing the Company with a platform to engage with US Defense Critical Minerals Supply-Chain initiatives.
DIBC supports collaboration between industry, government, and research institutions across sectors considered strategically important to the United States, including critical minerals. Membership provides Antimony Resources with opportunities to engage with US Government Agencies, the Defense Industry, processors and Strategic Partners supporting efforts to strengthen secure critical-minerals supply chains.
Antimony Resources is advancing a North American antimony supply strategy centred on the:
- Tecomatlán Processing Plant in Mexico, which is progressing toward first antimony concentrate production;
- Los Lirios Antimony Project in Mexico; and
- Dollar and Milton antimony projects in Nevada.
Together, these assets position the Company as a potential supplier of Antimony into US and allied supply chains.
Antimony Resources Executive Chairman, Shane Menere, commented:
“DIBC acceptance is an important step in positioning ANT within the United States’ critical-minerals and defence supply chain. It provides us with a recognised platform to pursue funding, procurement, offtake and strategic partnership opportunities as the US urgently seeks to secure sources of antimony.
This membership directly supports our strategy. We are advancing the Tecomatlán Proof-of-Concept campaign towards the production of a marketable Antimony Concentrate, progressing Los Lirios towards a Maiden JORC Mineral Resource, and preparing our Nevada projects for their first drilling programs. Together, these activities give ANT a credible pathway to become an important North American supplier of antimony.”
Significance
Antimony is designated as a critical mineral by the United States and is used in Defense applications, munitions, energy storage, flame retardants and advanced manufacturing. DIBC membership provides the Company with an additional platform to pursue opportunities focused on critical-minerals and processing. DIBC membership does not, of itself, guarantee the award of any contract, funding or offtake.
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This announcement was authorised for release by the Board of Antimony Resources Ltd.
For further information, please contact:
Shane Menere
Executive Chairman
Tel: +61 8 6489 0600
E: [email protected]
About Antimony Resources
Antimony Resources Limited (ASX: ANT) is a critical minerals exploration and development company focused on securing the North American antimony supply chain.
We are rapidly transitioning from a diversified explorer to an expected near-term antimony producer. Antimony is a designated critical mineral by the US, EU, and Australia, with applications in energy storage, battery technology, defence, and high-tech applications.
Our asset portfolio is strategically positioned in mining-friendly jurisdictions:
Tecomatlán Processing Plant (Mexico): ANT’s regional antimony processing hub and centrepiece of its near-term Proof-of-Concept strategy. ANT is completing plant integration while establishing regional third-party feedstock supply, targeting the production of a marketable antimony concentrate and demonstrating the Tecomatlán processing model.
Los Lirios Antimony Project (Mexico): ANT’s high-grade antimony project located approximately 50km from Tecomatlán. Work is progressing towards a maiden JORC Mineral Resource, with Los Lirios being advanced in parallel as a potential future proprietary feed source complementing ANT’s regional third-party feedstock supply.
US Antimony Projects – Dollar and Milton (Nevada): ANT’s 100%-owned US antimony assets provide direct exposure to the US critical minerals supply chain and complement the Company’s Mexican processing and feedstock strategy as it builds an integrated North American antimony platform.
Integrated North American Antimony Strategy
ANT is building an integrated North American antimony value chain, combining regional feedstock supply and processing at Tecomatlán, potential future proprietary feed from Los Lirios and direct US exposure through its Nevada assets.
ANT is funded through its planned Proof-of-Concept phase and is targeting production of a marketable antimony concentrate. Beyond Proof-of-Concept, the Company intends to pursue select strategic and offtake partnerships to accelerate its objective of supplying antimony into the North American market.
Forward Looking Statements
Forward Looking Statements regarding ANT’s plans with respect to its mineral properties and programs are statements that are not historical facts. Words such as “expect(s)”, “feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)”, “potential(s)” and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to statements regarding future produc:on, resources or reserves and exploration results, the timing and outcome of the planned Proof-of-Concept processing campaign, and the production of a marketable antimony concentrate. All of such statements are subject to certain risks and uncertain:es, many of which are difficult to predict and generally beyond the control of the company, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. There can be no assurance that ANT’s plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that ANT will be able to confirm the presence of additional mineral resources, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of ANT’s mineral proper:es. The performance of ANT may be influenced by a number of factors which are outside the control of the Company and its Directors, staff, and contractors.
These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations, (ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in exploration or development activities or the completion of feasibility studies, (iv) risks related to commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in the completion of development or construction activities, and (vi) other risks and uncertainties related to the company’s prospects, properties and business strategy. Our audience is cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof, and we do not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of or non-occurrence of any events.
Source: Antimony Resources Limited
Original Press Release: https://api.investi.com.au/api/announcements/ant/ef0c0381-ce1.pdf
