Lode Resources Ltd (ASX: LDR) has secured additional antimony (Sb) prospects including the historic Magwood antimony mine, a former primary producer of antimony.
19 antimony prospects have been recently identified within Lode’s EL9662 and EL9319, with a combined area of 1,914 km2, forming a strategic antimony exploration portfolio in an area of significant historical antimony production.
The Magwood mine was in production mainly between 1941 and 1970 with recorded yearly production grades ranging from 4% to 62% Sb and was Australia’s primary antimony producer at the time.
Magwood has never been drilled and there is almost no historical drilling within Lode’s antimony project area despite the geology being considered highly prospective for orogenic structurally controlled Sb mineralization. Detailed surface work here is almost nonexistent.
Lode has now commenced field activities which is expected to ramp up in December and beyond.
Antimony is considered by most western nations to be a critical metal. The main uses of antimony are in fire-retardants, photovoltaic solar cells, and military equipment – the last two being of high strategic importance.
To find out more, please visit www.loderesources.com
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