Bindi Metals (ASX:BIM) has confirmed the presence of antimony sulphide mineral stibnite in rock samples taken from the Kreva prospect at its Mutnica project.
The Mutnica project, an antimony-copper play – like its cousin Bindi acquired also, the Lisa antimony-gold project – is located in Serbia. Company geotechs are currently working with Serbian geologists in early-stage activity at Mutnica.
Outcrop samples pulled and reported on Wednesday were from a 5m wide zone of variable stibnite veins observed at the Kreva prospect. On the radar are historical antimony occurrences at both Mutnica and Lisa.
“The area is characterised by intermittent outcrop of vuggy quartz breccia with visible variable 1-5% stibnite (antimony sulphide) together with arsenopyrite (1%) in places,” the company wrote on Wednesday.
“The outcropping zone appears to be approximately 5m wide in thickness but evidence for further antimony sulphide was exposed over a 50m strike zone of intermittent outcrop.”
Antimony recently came to the fore as a hotly watched mineral following Chinese export curbs on the product which is mainly used in fire retardants but also high-end critical applications.
“We are pleased to have hit the ground running confirming impressive antimony potential at Mutnica and to continue the work Apollo Minerals started on an interesting copper target,” Bindi Director Eddie King said.
“In addition, we have formally engaged with in-country advisors to facilitate granting of the Lisa Antimony-Gold Project which was the focus on the transaction with Apollo and considered our key focus in Serbia.”
Fieldwork remains ongoing.
BIM last traded at 10cps.
Join the discussion: See what HotCopper users are saying about Bindi Metals and be part of the conversations that move the markets.