High-grade antimony discovery puts Warriedar Resources (ASX:WA8) on the critical minerals map

High-grade antimony discovery puts Warriedar Resources (ASX:WA8) on the critical minerals map

December 3, 2024 Off By MarketOpen

In a significant stride for critical mineral exploration, Warriedar Resources (ASX:WA8) has announced a promising high-grade antimony discovery at its Golden Range Project in Western Australia.

This revelation, following assays from scout drilling at the Azure Coast group of historical pits, hints at a new chapter for a project primarily known for its gold resources.

Highlights:

  • Drillhole AZRC003 delivered assays of 8 metres at 2.17% Sb from 106m depth and 2 metres at 1.92% Sb from 122m.
  • Located approximately 4km south of the Ricciardo gold-antimony deposit, the find suggests broader antimony potential across the 70km-long Golden Range shear.
  • A systematic evaluation of historical data is underway to map the extent of antimony mineralisation.

Managing Director Amanda Buckingham commented, “The discovery of high-grade antimony mineralisation approximately 4km south of Ricciardo substantially enhances the prospectivity of the broader ‘Golden Corridor’ for this critical metal.”

This discovery not only underscores the latent potential of the Azure Coast pits but also aligns with recent metallurgical successes at Ricciardo.

Notably, the mineralisation identified in AZRC003 coincides with visible stibnite, a key indicator of antimony.

The ‘Golden Corridor’: A Critical Minerals Hub?

Traditionally a gold-focused project with a maiden Ricciardo resource estimate of 948,000 ounces, Golden Range has now emerged as a dual-frontier exploration story.

The addition of antimony, a vital component in energy storage and flame-retardant materials, adds critical minerals to its portfolio.

This pivot is timely as Australia seeks to strengthen its position in global critical mineral supply chains.

A Broader Strategy

While this antimony find is exciting, Warriedar Resources remains committed to gold exploration. Buckingham noted, “Pursuit of this opportunity will be in parallel with our growth-focused gold drilling at Golden Range, which remains our current core focus.”

The company’s holistic approach involves re-assaying historical samples and acquiring multi-element data to expedite understanding of Azure Coast’s antimony potential.

The nine-hole scout drilling program represents just the beginning of a potential re-rating of the area’s resource significance.

The Way Forward

The next steps include extending drilling to uncover lateral and depth extensions of the antimony zones.

The project’s proximity to existing gold deposits and infrastructure provides operational synergies, enhancing its economic viability.

Warriedar’s ability to marry gold exploration with the burgeoning demand for antimony sets it apart in the crowded exploration sector.

The market will undoubtedly watch closely as the company works to quantify this discovery’s scale and impact.

For Warriedar, Azure Coast’s high-grade antimony results are a reminder that even well-trodden grounds can yield new treasures with the right lens—and a bit of luck.

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