Military Metals (CSE:MILI) CEO Scott Eldridge is looking forward to de-risking the company’s flagship asset in the European Union in 2025 and capturing the value of the rising antimony price.
The company announced its first antimony property acquisition on 24 September 2024 and has since amassed a portfolio of brownfield antimony projects with high-antimony-to-gold ratios in top mining jurisdictions.
Antimony is one of the top performing commodities for 2024 beginning the year at US$13,000 per tonne and now rising to US$38,000, as investor interest in the sector rises in line with the price.
“On behalf of the company I would like to thank all of our stakeholders for a tremendous year of growth as we transitioned into a mining issuer. We accomplished a lot with our foray into the antimony space, yet our work has just begun with an exciting 2025 ahead of us,” Eldridge says.
“Several management and board level additions have strengthened our team. We look forward to de-risking our flagship asset in the European Union and capturing the value of the rising antimony price.”
Military Metals notes investing in antimony assets in Slovakia is a strategic move that leverages the country’s rich mineral resources and stable economic environment. The company’s three historical assets in Slovakia present a unique opportunity to capitalise on the growing demand for antimony, a critical mineral essential for various industrial and military applications.
Slovakia’s robust mining infrastructure, coupled with our expertise in resource management, “ensures efficient extraction and processing”.
“These assets not only provide a steady supply of high-quality antimony but also position us advantageously in the global market,” according to the company.
In 2025, Military Metals plans to conduct exploration activities across its portfolio with a focus on the Trojarová Antimony-Gold Project.
Located in western Slovakia adjacent to and on trend of one of Europe’s most significant historical antimony-gold mines (Pezinok), Trojarová in 2024 was the recipient of 63 drillholes for a total of 14,300m and 1.7km of underground development including detailed mapping at 1:200 scale and over 350 samples taken, leading to preparation of a historical resource estimate in 1991.
Digitisation and georeferencing of all historical data is currently underway so that an independent consulting firm will be able to build a three-dimensional deposit model and recommend to management the number, location and length of confirmation and infill holes necessary to classify an updated, current mineral resource.
Meanwhile, located in rural Nova Scotia, the West Gore Antimony-Gold Project was an important producer of antimony during World War I, with concentrate shipped to England to assist in the war effort.
Located just off the east edge of the historic Rawdon Hills gold camp, West Gore hosts gold along with antimony in a structural setting typical of this district. The company continues to collect and compile historical and related technical data with an aim to launch a field program in Q2 to Q3 2025.
The Last Chance Antimony-Gold Project, located near Tonopah, Nevada, was originally discovered in 1880 and produced intermittently during a few periods up to the 1950s. Host to gold mineralisation along with antimony, the property was explored for gold during the 1980s but has seen no antimony exploration in several decades.
Military Metals continues to collect and compile historical and related technical data and plans a first phase field program for Q2 to Q3 2024 after the winter snows have melted.
The company will be exhibiting at this year’s Prospectors & Developers Association of Canada (PDAC) event being held from 2-5 March in Toronto, Canada.
The annual award winning convention brings together up to 30,000 attendees from over 130 countries for its educational programming, networking events, as well as business and investment opportunities.
Mining.com.au is an official media partner for the upcoming event.
To register for PDAC 2025 click here.
Write to Adam Orlando at Mining.com.au
Images: Military Metals
