Antimony Resources: Bald Hill Drilling Hits 26.9% Antimony as Market Whipsaws Ahead of Key Resource Estimate

The trading pattern in Antimony Resources shares over the past week has been anything but smooth. After sliding more than 11% on Thursday to close at C$0.70, the stock bounced back 8.57% on Friday to finish at C$0.76 — the same level where it started the new trading week. Volume on the recovery day reached around 186,420 shares, with the intraday range stretching from C$0.71 to C$0.83. Yet the rebound only partly erased Thursday’s losses, and the stock now sits below its opening level from the beginning of the previous week.

That choppiness reflects a market caught between near-term technical anxiety and the build-up of fundamental catalysts at the company’s Bald Hill project in New Brunswick. The most immediate support sits at last week’s low of C$0.69, while resistance has formed around C$0.83–C$0.84. A decisive break above that zone would reopen the upper end of the May trading range; a failure risks another leg down toward the prior week’s trough.

Underneath the price swings, Antimony Resources is pressing ahead with one of its most active exploration campaigns. A 19,000-metre drilling programme kicked off in May 2026, split between 13,000 metres aimed at expanding the Bald Hill main zone at depth and along strike, and 6,000 metres dedicated to three newly defined targets — Marcus, BH Central and BH South. The work follows an earlier 10,000-metre resource-definition campaign, the final assays from which were expected three to four weeks after drilling wrapped up in April. Some of the early results from the current phase have been striking: individual drill intervals have returned antimony grades as high as 26.9%. Surface samples from the recently acquired Second Run claims, south of the main zone, have also shown high-grade values.

Should investors sell immediately? Or is it worth buying Antimony Resources?

The real prize remains the maiden mineral resource estimate for Bald Hill, now being prepared by SRK Consultants of Toronto. An NI-43-101-compliant number would mark the first formal, certified inventory for the project. A 2025 technical report by JPL Geoservices had already pointed to potential tonnage of nearly 28 million tonnes grading between 3% and 4% antimony, but the company stressed that those figures had not yet been validated by its own work. All eyes are now on SRK’s estimate, which could dramatically reshape the valuation narrative.

The company’s cash position provides a comfortable runway for now. As of 28 February 2026, Antimony Resources held C$8.24 million in liquid assets against total assets of C$13.06 million and liabilities of just C$917,302. With no revenue and a half-year net loss of C$10.73 million, the business is funded entirely through equity. Management believes the current cash is sufficient to maintain operations and hit the near-term milestones, though accelerated growth may require additional capital.

Beyond the company-specific story, the macro backdrop is increasingly supportive. China has approved only 11 companies for antimony export in 2026 and 2027, a structural supply squeeze that shines a spotlight on Western developers. Both the US and the EU classify antimony as a critical mineral, used in flame retardants, semiconductors and defence technology. The first week of June brings a slate of US economic data — the Job Openings and Labor Turnover Survey on 2 June, the Beige Book on 3 June, and the May jobs report on 5 June — any of which could shift interest-rate expectations and, in turn, risk appetite for small-cap resource stocks.

Despite the strategic progress and high-grade drill hits, the share price remains about 54% below its all-time high of C$1.65 set on 17 March. The sole analyst covering the stock maintains a buy rating with a C$3.00 12-month target, implying nearly 300% upside — a reflection of the pre-revenue, pre-resource nature of the company. Whether the pending SRK estimate begins to close that gap depends on the tonnage and grades it formally confirms. For now, the market is waiting, and the stock is bouncing.

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Antimony Resources Stock: New Analysis - 31 May

Fresh Antimony Resources information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.

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