Antilles (ASX:AAU) adds critical antimony to La Demajagua resource
April 12, 2023Antilles Gold has added antimony, Australia’s most critical mineral, to its exciting upcoming scoping study for the proposed La Demajagua open pit mine in Cuba.
The versatile niche metal used in electronics, flame retardants, and glass manufacturing is relatively small compared to other metals, but demand has been increasing steadily in recent years.
Antimony prices experienced a significant incremental productionina’s ongoing environmental crackdown on metal production.
As China is the primary producer of antimony, this resulted in a global supply shortage. However, prices have since moderated, and the market has stabilised.
Antilles Gold is set for exceptional growth potential from participating in significant copper projects in Cuba.
Meanwhile, a joint venture with Minera La Victoria SA sees near-term development of the La Demajagua open pit mine on the Isle of Youth in southwest Cuba to produce gold, silver, and antimony concentrates for nine years is expected to be followed by underground operations.
Meanwhile, Its Los Llanos Exploration Agreement includes the extensive El Pilar copper-gold porphyry system in central Cuba, where aeromagnetic, ground magnetic, and IP surveys have been interpreted as a cluster of intrusives, the largest of which, El Pilar and Gaspar, present a total exploration target of over [500]Mt to a depth of 800m
The area has three highly prospective concessions, La Cristina, Vega Grande, and Buey Cabón, totalling 53,700 ha within the Sierra Maestra copper belt in southeast Cuba along a strike to the west from the El Cobre copper mine, which has operated since 1540.
Pre-development stage of the El Pilar gold-copper oxide deposit in central Cuba aimed at a low cap-ex open pit mine to produce gold and copper-gold concentrates.
An initial drilling program will commence on the El Pilar and Gaspar deposits in May 2023 and be followed by La Cristina.
$0.005Please note the following valuable information before using this website.
Independent Research
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.
