Drilling Concluded at Bald Hill: Antimony Resources Sets Sights on June Resource Estimate Amid High-Grade South Zone Discovery
Published on 06/14/2026 at 13:54 | Redaktion boerse-global.de
The drill rigs have fallen silent at the Bald Hill antimony project in Canada, but the pressure on Antimony Resources is only building. On April 28, the company finished its 25,000-metre definition program in the Main Zone, with 12,500 metres coming from the current phase that kicked off in February. Now all eyes turn to Toronto-based SRK Consultants, which is working around the clock to deliver the project’s first formal resource estimate under NI 43-101.
Originally pencilled in for late April or early May, the report was pushed back to June — a delay that has already crimped investor patience. The stock closed Friday at €0.42, up around 2% on the day but still nursing a 27% loss over the past 30 days. From its March high of €1.05, the shares have shed roughly 60%. On a year-over-year basis, however, the picture is dramatically different: the equity has soared about 490% from its depressed levels a year ago, though year-to-date the advance has been trimmed to roughly 30%. Technical indicators flash oversold — the relative strength index sits at 38.2 — while the 50-day moving average looms overhead at €0.62.
The drilling data that SRK is crunching paint a compelling picture. The Main Zone antimony body extends 700 metres along strike and at least 350 metres downdip, with mineralised widths averaging 3 to 4 metres and grades between 3% and 4% antimony. CEO Jim Atkinson goes further, estimating the overall grade of the deposit at 4% to 5% antimony and calling Bald Hill “probably the highest-grade antimony deposit in North America.”
Yet it is the South Zone, roughly 900 metres south of the Main Zone, that has produced the most eye-catching numbers. Surface sampling across a 200-metre strike returned an average grade of 19.5% antimony from 38 samples, with a peak assay of 44.2%. While still early-stage, these results underscore the broader potential of the Bald Hill land package.
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Earlier testing of waste dumps yielded metallurgical recoveries of up to 92% antimony, boosting confidence that processing economics could prove favourable. The company had previously flagged a conceptual estimate of up to 124,000 tonnes of antimony, and the incoming SRK report will either confirm or adjust that number.
On the permitting front, GEMTEC Consulting Engineers and Scientists has been retained to draw up a formal regulatory roadmap. Discussions are already underway with provincial authorities, the local council and the Ministry of Indigenous Affairs. Management expects to submit a formal application for a mining permit sometime between late 2026 and early 2027. In parallel, Antimony Resources has opened preliminary talks with metal traders regarding potential offtake agreements.
The geopolitical tailwind remains formidable. China imposed export restrictions on antimony in two tranches — September and December 2024 — and while a full export ban to the United States has been suspended until November 27, 2026, exporters still need licences from Beijing. With no primary antimony producer currently operating in North America, the strategic gap is glaring. The seriousness with which Western governments view this vulnerability was underscored in May 2026, when the US Export-Import Bank granted Perpetua Resources a secured loan of roughly $2.9 billion for its Stibnite antimony-gold project in Idaho.
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Against that backdrop, spot antimony prices have stabilised near $34 per kilogram. For Atkinson, Canada has a rare opportunity to step into the supply void.
The stock’s near-term fate now hinges entirely on SRK’s next deliverable. If the resource estimate meets or exceeds market expectations — and the grade data from the Main and South Zones suggest it could — the shares may finally have the catalyst needed to close the gap with the 50-day moving average and reverse the correction. If it disappoints or is delayed further, the selling pressure is likely to intensify.
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Antimony Resources Stock: New Analysis - 14 June
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