Warriedar Resources - Promising Antimony Discoveries at Ricciardo - 1 October 2024
WA8 (WA8) Share Update September 2024 Monday 30th
Warriedar Resources Unveils Promising Antimony Findings at Ricciardo
Warriedar Resources Limited (ASX: WA8) has announced promising results from its review of antimony potential at the Ricciardo deposit, part of the Golden Range Project in Western Australia.
Instant Summary:
- Significant antimony mineralization confirmed below Ardmore and Copse-Silverstone pits.
- Multiple high-grade antimony intervals identified, including 12.7m at 6.0% Sb and 0.36 g/t Au.
- Antimony zones remain open at depth, indicating potential for further discoveries.
- Only 11% of historical drill samples were assayed for antimony; further testing is underway.
- 100kg high-grade antimony sample dispatched for metallurgical testwork.
Review and Findings
Warriedar Resources has completed a review of the antimony potential at the Ricciardo deposit, confirming significant antimony mineralization below both the Ardmore pit and the newly identified Copse-Silverstone pits. The combined strike length of the mineralized zone is approximately 1km.
Key intervals include 12.7m at 6.0% Sb and 0.36 g/t Au from 229m in hole RDRC067, and 36m at 1% Sb and 0.85 g/t Au from 294m in hole SSDD008. These findings suggest the presence of a substantial volume of antimony mineralization.
Metallurgical and Economic Potential
Most of the antimony mineralization is located above the main gold zone, which is a positive factor for future processing and economic potential. Initial metallurgical testing has commenced to explore the feasibility of processing and recovering antimony.
Only 11% of historical drill samples at Ricciardo were assayed for antimony. Retained pulp samples from historical holes are currently being tested with portable X-ray fluorescence (pXRF), and those with significant antimony will undergo laboratory multi-element assay.
Next Steps
An approximate 100kg high-grade sample of antimony mineralization from Ricciardo has been dispatched for scoping-level metallurgical testwork. Warriedar Resources plans to continue its exploration efforts in parallel with its core focus on gold drilling at the Golden Range Project.
The discovery of significant antimony mineralization at Ricciardo could positively impact Warriedar Resources' stock as it indicates potential for a valuable by-product alongside gold. The separation of antimony and gold zones is beneficial for metallurgical processing, potentially enhancing the economic viability of the project.
Investor Reaction:
Analysts are likely to view the antimony findings as a positive development, given the strategic importance of antimony as a critical mineral. The market reaction may be favorable, particularly if metallurgical testing confirms the feasibility of antimony recovery.
Conclusion:
Investors should keep an eye on Warriedar Resources' upcoming metallurgical test results and further exploration updates. The company's ability to capitalize on the antimony potential at Ricciardo could significantly enhance its project portfolio and market position.