General Chat, page-7928

Several tons of bulk sample on antimony rich material is being collected at Stibium for metallurgical test work at laboratories in Alaska and Australia

An approximately 2,500 kilogram bulk sample of a >2m wide quartz breccia vein is also actively being collected at Stibium where sample E408569 from 2023 returned 12.7 g/t Au and 2.1% Sb (Antimony) (ASX5Nova Minerals Ltd | ASX AnnouncementAnnouncement: 10 October 2023). This bulk sample will be sent out for metallurgical test work at laboratories in Alaska and Australia and results reported when they are received. Massive stibnite (Antimony) veins elsewhere on the property have yielded Sb values as high as 60.5%.

Surely a 1m3 sample will trump any drill results. What are lab turnaround times like nowadays?

This could really pop on a good result.

DoD funding/grant tp Perptua (PPTA nasdaq) has totaled $59m USD

According to Perpetua’s January 2021 FS, the project has total proven and probable mineral reserves of 104.6 million metric tonnes grading 1.43 grams per tonne gold. The mineral reserves include 14.2 million tonnes of high-antimony ore grading 0.42% antimony.

The average annual metal production during the first four years of operation is expected to be approximately 463,000 ounces of gold and 18.4 million pounds of antimony per year.
https://www.mining.com/perpetua-resources-receives-increased-dod-funding-for-stibnite-gold-project-in-idaho/

Using 2204 pounds to a metric ton, Perpetua (PPTA) plans to mine apprx 8,300 metric tons of Antimony a year. The US demand as per below is around 26,000 metric tons pa, of which 4,000 comes from recycling. PPTA would only account for 1/3 of the shortfall. So yes, there is a HUGE opportunity for us here and the DoD fundiing could be substaintial

https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-antimony.pdf&ved=2ahUKEwjM7fDn1peIAxXMklYBHcOSCQwQFnoECBkQAQ&usg=AOvVaw0kdXAEhWY5CGhL59py2EXv

GAME ON!!!