I have been quite impressed with the number of companies coming out of the woodwork with Antimony since the China news. Some districts I was already aware of but a couple of new areas too. Looks like the Ashburton basin is going to be a hotspot for exploration for it in the near future...Probably the next area to be watching IMO, as there is existing Gold processing infrastructure in place within the district that could potentially be modified to process Antimony also.
As for us, Hillgrove has always been my goto in NSW. I was aware of it long before I started investing on the ASX. Its only a few hours down the road from me. Around the time I started investing, SUM had just got the rights to the Windfall prospect down the hill from us, around Munga Creek and Tarooka, and they IPOd with rights to the historic Magwood mine, a bit more north. Also in the vicinity is the Bielsdown WIld Cattle Creek deposit, approx 130km by road to Hillgrove. Windfall was the reason I invested in SUM, and I recall at the time, I was super interested in what would become of Hillgrove, at the time it was under RVR and C+M...My interest was twofold, not just the actual resource at Hillgrove, but being the only processing plant in the area.
Following picture is from Anchor Resources announcement "Recent advances at Wild Cattle Creek Antimony Deposit", 24/9/2010.
So Bielsdown has 0.88mT resource just sitting there in ground.
Now as I look at LRV with Hillgrove...
We have realistically First Mover advantage, plant and process equipment in place.
Already have an existing resource and looking to expand it.
Potential to process others in the area ore if another local mine were to restart.
Money in bank.
Negotions in process for offtake deals.
If we can nail the processing plant, I would be keeping a hawk eye on Bielsdown/Wild Cattle Creek tenement if it becomes available. If someone were to acquire it they aren't going to build their own process plant there, and would be insane not to truck it up the hill to Hillgrove.
All the historic mines in the Magwood group and Munga Creek group are currently under EL application ELA6718 by a western Australian private company called Bullseye Gold. If they hit the ground and do something there I rekon they will come knocking.
Compare this situation here to in WA, where they a few deposits together but no dedicated process plant. Same as the handful of deposits in QLD.
Upside here IMO is incredible. GLTAH.
OP.
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