Close up of antimony in rock
Source: Adobe Stock
The Market Online - At The Bell

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

Warriedar Resources (ASX:WA8) has achieved an antimony recovery of 83% from its Ricciardo deposit – the largest in its Golden Range project – with a saleable concentrate grade of 38.5% also yielded from metallurgical work.

The news – which at time of writing, is the most talked about on the HotCopper forums – shows a marketable antimony concentrate can be produced from the Western Australian project, with Warriedar looking ahead to consolidating Ricciardo with a maiden mineral resource estimate for antimony in the first quarter of 2025.

The company’s confidence in the mineral had begun earlier in the year, when diamond drilling showed intercepts such as 1.9 metres at 28.5% antimony (Sb) could be yielded from Ricciardo. This, plus a review of historical drill data, showed significant potential for antimony there.

The resulting metallurgical test work was built around diamond core from the 2024 program, which achieved an 83% recovery from single-stage closed-circuit flotation with grinding size 65% passing 75 microns (μm).

Warriedar managing director and CEO Amanda Buckingham said, “These initial met results for the primary antimony mineralisation at Ricciardo are undeniably exciting.”

“The context to them is the significant volume of antimony at Ricciardo, including high-grade zones that appear relatively discrete from the higher-grade gold mineralisation, that are not yet well-defined but show serious scale and grade potential.

“While we are excited about this emerging opportunity at Ricciardo, I want to emphasise again however that pursuit of this opportunity will be in parallel with our growth-focussed gold drilling at Golden Range, which remains our current core focus.”

Warriedar shares have moved up today, and at 13:26 AEDT, they were trading at 6 cents – a rise of 1.7% since the market opened.

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

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

wa8 by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX 200 rallies as risk appetite returns, but business confidence weakens

The Australian sharemarket finished firmly higher today with the S&P/ASX 200 adding 106.50 points, or 1.18%, to close at 9,136.20.

EVE Health Group signs Australian compounding agreement for rapidly rising Men’s Health issue

EVE Health Group has signed an agreement with Optimal Pharmacy Plus Stafford aimed at the Australian…

Nanoveu’s EMASS signs DigiKey as Global Distributor for ECS-DoT-22

Nanoveu's wholly-owned subsidiary EMASS has signed DigiKey as its global distributor for ECS-DoT-22 system.
The Market Online Video

Wealth Within: Wall Street Tech Sinks While ASX Tech Soars

Wall Street’s technology stocks have been hammered, with the Nasdaq plunging 5.5 per cent in a single session and Nvidia falling more tha…