HIGHLIGHTS:
- Metallurgical check work has commenced for the Oaky Creek Antimony Prospect to speed up progress at Purple Mountain’s 100% owned Armidale Antimony-Gold Undertaking in New South Wales
- Detailed mineralogical characterisation and a complete crush, grind and flotation research of a ~20kg consultant bulk pattern of quartz-stibnite vein materials will probably be undertaken to outline the processing conduct and focus potential of the ore, which is a key step in direction of commercially validating the asset
- Initiating metallurgical testing now, in parallel with ongoing exploration, is a deliberate accelerated technique to exhibit processing viability of the Oaky Creek mineralisation forward of deliberate drilling, materially de-risking the asset and maximising the worth of every exploration milestone as it’s reached
- The beforehand reported giant coherent soil anomalies and rock pattern outcomes of as much as 39.3% Sb and 1.09ppm Au for Oaky Creek point out the presence of a large-scale orogenic antimony- gold vein system with a strike extent of ~3km at floor, which is analogous to Larvotto Sources’ Hillgrove undertaking, Australia’s largest recognized antimony deposit
- Complete sampling program has simply accomplished with assay outcomes for this system at Oaky Creek anticipated to be acquired earlier than the top of Q1 2026
- The Oaky Creek outcomes are anticipated to outline a number of Antimony and Gold targets for drill testing in Q2 2026
- Assay outcomes from the not too long ago acquired Thompson Falls Antimony Undertaking in Montana, USA are pending and anticipated to be acquired earlier than the top of March
- The US Authorities not too long ago launched a $12 billion strategic minerals stockpile initiative, aimed toward securing Crucial Mineral provide chains. Purple Mountain’s Thompson Falls Antimony Undertaking, positioned 4.2km from the operations of NYSE: UAMY, is properly positioned in Antimony and Silver – each federally designated Crucial Minerals aligned with US provide chain priorities
With a number of samples from the prospect returning excessive grade outcomes of as much as 39.3% Sb, Purple Mountain has commenced an economical program to generate an in depth mineralogical characterisation and a complete crush, grind and flotation research of a ~20kg consultant bulk pattern of quartz-carbonate-stibnite vein and breccia materials (Determine 1) collected from a number of historic pits at Oaky Creek North (Determine 2). The work is designed to outline the processing behaviour and focus potential of the ore, which is a key step in direction of business validation of the asset.
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