The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Equinox Resources (ASX:EQN) has reported finding “ultra high grade” antimony on-site its Canadian Alturas project.

Assayed samples flagged on Friday included two just shy of 70%; and several hovering just under 50%. The samples come from pure Stibnite rock; around half a dozen other samples ranged between 10% and 30%.

The company has staked targets of interest across some 3.3sq.km “to the east and west of the property” nearby where the samples were discovered. Geotechs are hoping they can find more antimony along trend.

Originally on the hunt for copper at Alturas – the company’s MD Zac Komur noted a “discovered copper zone” on-site Alturas, a project some 6.3sq.km in size – the company has now discovered some of the “world’s highest reported natural stibnite” grades.

“Rock chip samples have returned grades as high as 69.98% antimony, establishing some of the world’s highest reported natural stibnite grades,” Komur said.

“Considering that pure stibnite contains 71.4% antimony, these findings confirm Alturas as a truly unique and valuable asset.” The company pointed to historical antimony mining on-site Alturas at the same time it highlighted high prices for the critical mineral.

Per Equinox’s sources, antimony metal is currently worth US$36K a tonne. That’s an increase of around a third since the company first acquired the project, which was only in late September.

EQN last traded at 0.6cps.

Join the discussion: See what HotCopper users are saying about Equinox Resources and be part of the conversations that move the markets.

EQN by the numbers
More From The Market Online
A man with a copper nugget in his hands

IP anomaly thrills Cannidah with project extension hopes in QLD

Cannidah Resources Ltd has carried out geophysical work at its flagship project in Queensland which highlighted…
Two Symal Group workers.

Quiet day one for Symal Group but slow ASX start no real surprise

Civil construction company Symal Group (ASX:SYL) had a relatively quiet first day after
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Aussie market to leap on best ‘Trump trade’ bump since election day | November 22, 2024

The ASX 200 is tipped to rise as much as 1% at open today after Wall Street enjoyed another major “Trump trade” surge
The Market Online Video

ASX Market Close: Bourse closes flat after Min Res AGM | November 21, 2024

Besieged Mineral Resources (ASX:MIN) Managing Director Chris Ellison told its AGM he deeply regrets his dodgy…