Antimony Resources Doubles Down on Bald Hill as High-Grade Hits Extend Beyond the Main Zone
Published on 08/11/2026 at 18:32 | Redaktion boerse-global.de
The exploration narrative at Antimony Resources' Bald Hill project in New Brunswick is thickening, with the Canadian junior delivering another batch of headline-grabbing drill results while simultaneously pushing its drill bit into previously untested ground.
The company reported Thursday that hole BH-26-16 cut 13.0% antimony and 2.2 grams of gold per tonne over 0.65 metres, nestled inside a broader 3.05-metre interval averaging 3.29% antimony. The intercept, taken from the Main Zone, adds to a growing catalogue of high-grade intersections that management says are running well above the grade profile typical of comparable deposits.
That latest result follows hot on the heels of late-July drilling at BH-26-14, which returned 11.41% antimony over 1.5 metres within a 11.3-metre mineralized envelope grading 2.78% antimony. Taken together, the two holes underscore the continuity of the high-grade mineralization in the Main Zone, according to CEO James Atkinson.
A Second Front Opens at Central Zone
What may carry even greater strategic weight is the company's decision to open a second exploration front. The first drill program at the Central Zone — situated roughly 200 metres south of the main activity area — is now underway, with eight holes already completed. Core logging points to stibnite mineralization, the primary ore mineral for antimony, which could meaningfully expand the footprint of the deposit.
The Central Zone had previously caught the company's attention through positive trench sampling, and the current drill campaign is designed to test whether the mineralization there connects the known zones flanking it.
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All of this activity falls under an expanded 18,000-metre drill program, with the company leaning on internal AI-based data management systems and drone surveys to accelerate geological modelling. Atkinson said these tools are being used to feed results into resource planning in near real-time.
Market Response and the September Catalyst
Investors have taken notice. The stock traded at €0.3570 on the day of the announcement, up 8.18%, though the secondary report noted a pre-market gain of 14.85% with shares changing hands at €0.3790. Either way, the equity has been on a firmer footing of late, sitting 8.01% above its 50-day moving average in the latest session.
The immediate focus, however, is the updated mineral model slated for release in the first weeks of September. That model will incorporate all results from the 18,000-metre campaign and is expected to give investors a clearer picture of both the tonnage and grade profile at Bald Hill. A formal NI 43-101 resource estimate remains pending.
Commodity Context: A Market That Has Cooled
The drilling success arrives against a more sobering backdrop for antimony prices. After spiking above $50,000 per tonne last year, the strategic metal has settled into a range of roughly $20,000 to $23,000 per tonne in mid-2026. The normalization followed the temporary suspension of Chinese export restrictions to the United States in late 2025.
Bald Hill operates under an agreement with Globex Mining Enterprises Inc., which holds a 3% gross metal royalty on the project. A technical report from the prior year outlined a conceptual exploration target of approximately 2.7 million tonnes of ore grading between 3% and 4% antimony.
The Explorer's Arithmetic
The company's financial profile remains typical of an early-stage explorer. The fiscal third quarter, which ended in May, generated no revenue, with exploration spending tracking to plan. Morningstar Quant's late-July assessment assigned a fair value of C$0.39 per share while flagging very high uncertainty in the estimate.
The stock's year-to-date gain of 11.56% masks a deeper structural lag: shares remain 23.72% below their 200-day moving average, a reminder that the recent momentum has yet to reverse the broader downtrend that has weighed on the equity through much of the year.
Whether the September model update can close that gap will depend on how substantially the high-grade intercepts of the past several months translate into a larger, higher-grade resource base. The pieces are in place — the question now is how they fit together.
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