What's Happening?
Red Mountain Mining has commenced metallurgical testing at its Oaky Creek antimony prospect, part of the Armidale Antimony-Gold Project in north-east New South Wales, Australia. This initiative aims to evaluate the ore's processing characteristics and concentrate potential, which is crucial for commercial validation. Previous exploration at Oaky Creek identified soil anomalies and rock samples containing up to 39.3% antimony and 1.09 parts per million gold, suggesting a significant orogenic antimony-gold vein system. The testing involves detailed mineralogical characterization and studies on crush, grind, and flotation processes for a bulk sample. This strategy is designed to demonstrate the viability of processing the mineralization before
further drilling operations. The comprehensive sampling program is complete, with assay results expected by the end of the first quarter of 2026.
Why It's Important?
The metallurgical tests at Oaky Creek are significant as they could confirm the commercial viability of the antimony-gold deposits, potentially leading to further development and investment in the project. This is particularly relevant given the strategic importance of antimony, a critical mineral used in various industrial applications, including flame retardants and batteries. The U.S. Government's recent $12 billion strategic minerals stockpile initiative underscores the importance of securing critical mineral supply chains, aligning with Red Mountain's efforts. Successful validation of the Oaky Creek deposits could enhance the project's value and reduce asset risk, contributing to the broader goal of securing essential mineral resources.
What's Next?
Red Mountain is awaiting assay results from the Oaky Creek sampling program, expected by the end of the first quarter of 2026. These results will help identify multiple targets for further drill testing in the first half of 2026. Additionally, the company is anticipating assay results from its Thompson Falls Antimony Project in Montana, U.S., due by the end of March. These developments are part of Red Mountain's broader strategy to advance its antimony projects and align with U.S. priorities for critical minerals.
