NevGold Drills Historical Leach Pads to Fast-Track Antimony Production at Limo Butte
Event summary
- NevGold mobilizes drill rig to test historical gold heap leach pads for antimony at Limo Butte, Nevada.
- Objective: Advance leach pads to near-term antimony production scenario, targeting 2027.
- Phase 1 sampling results show antimony grades of 0.74% to 0.81% in certain areas.
- Metallurgical testwork indicates antimony recoveries of up to 92% using acid leaching.
- Mineral Resource Estimate (MRE) expected by Q2 2026 to define antimony quantities.
The big picture
NevGold's drilling program at Limo Butte aligns with U.S. efforts to secure domestic supply of critical minerals like antimony, which is essential for military applications and clean energy technologies. The project's brownfield status and Nevada's favorable mining jurisdiction position NevGold to capitalize on government incentives and financing opportunities. The strategic importance of antimony, coupled with China's export restrictions, underscores the urgency of developing alternative supply sources.
What we're watching
- Regulatory Tailwinds
- Whether U.S. Executive Order and Defense Production Act can expedite permitting and secure financing for domestic antimony projects.
- Execution Risk
- The pace at which NevGold can deliver the Mineral Resource Estimate and advance to antimony production by 2027.
- Market Dynamics
- How China's export restrictions on antimony will impact global supply chains and domestic production efforts.
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