Antimony Resources Shares Rebound on High-Grade South Zone Hits as Broader Correction Deepens

Antimony Resources clawed back nearly 4 percent on Tuesday, rising to €0.46 after releasing drill results that showed antimony grades of up to 44.2 percent from its Bald Hill project in New Brunswick. The gains punctuated a week of heavy selling that had driven the stock down more than 7 percent to €0.41 just days earlier, underscoring the extreme volatility gripping the junior miner.

The company said 38 rock samples from a winter trenching programme at the South Zone, located roughly 900 metres south of the main deposit, returned an average grade of 19.5 percent antimony. That marks a sharp contrast with the Main Zone, where typical grades run between 3 and 4 percent. A follow-up drilling programme has already been launched to better define the extent and geometry of the South Zone mineralisation.

Tuesday's bounce did little to reverse a punishing correction. The shares have lost more than 60 percent of their value since hitting a spring peak of €1.05, and they currently sit 56 percent below that 52-week high. Yet on a one-year view the stock still boasts a staggering gain of 609 percent, and year-to-date it remains about 25 percent higher.

Should investors sell immediately? Or is it worth buying Antimony Resources?

The turbulence reflects a tug-of-war between bullish fundamentals for antimony and the harsh realities of a small-cap equity market. The metal, essential for the defence and solar industries, has been driven to record highs by Chinese export restrictions and production hiccups in Tajikistan. Antimony metal touched nearly $60,000 per tonne on July 4, 2025, before cooling to around $51.80 per kilogram in recent weeks.

Technically, the stock is testing key support levels. After the selloff, the relative-strength index fell to near 34 — just shy of oversold territory — before recovering to 39 on the drill-fuelled bounce. The 200-day moving average at €0.44 is now being tested from below; a decisive break above it would signal a stabilisation. Support around €0.40 will be watched closely in the coming sessions, especially as the shares approach the anniversary of their 52-week low of €0.06, set on June 25.

Meanwhile, exploration activity is picking up beyond New Brunswick. The miner has also launched drilling programmes in Nevada as part of a broader push to reduce dependence on Asian supply chains. Antimony Resources holds the Bald Hill project through an option agreement with Globex Mining Enterprises, and the South Zone results add to a growing picture of high-grade potential across the asset.

With the antimony market still tight and a new drilling campaign underway, the next catalyst may come from operational updates in the field. For now, investors are watching whether the €0.40 floor holds or gives way to another leg lower.

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