NAG 6.25% 1.5¢ nagambie resources limited

Antimony

  1. 237 Posts.
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    https://www.australianresourcesandinvestment.com.au/2023/10/23/australias-largest-antimony-deposit-is-set-for-a-reviappears val/#:~:text=The%20Hillgrove%20gold%2Dantimony%20project,50%20thousand%20tonnes%20of%20antimony.

    Australian Resources & Investment
    Australia's largest antimony resource set for a revival

    "Junior explorer Larvotto Resources will acquire the Hillgrove gold-antimony mine from collapsed Red River Resources.
    The Hillgrove gold-antimony project sits 23km east of Armidale in NSW and has been mined on-and-off since 1887.
    Throughout its life, Hillgrove has produced over 730 thousand ounces of gold and over 50 thousand tonnes of antimony.
    The mine has a JORC-compliant high-grade gold resource of 1.5 million ounces (Moz) at 6.1 grams per tonne of gold.
    Hillgrove holds a known 90 thousand tonnes of antimony, making it Australia’s largest antimony deposit, and one of the top ten largest deposits globally."


    I wonder if Larvotto would be interested in taking over NAG's deposit, if it is ever proved up, when NAG collapses.

    Or maybe they would be interested in using NAG's processing mill, when it is built in about 27.3 years.
 
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