Antimony glitters alongside gold for Bryah Resources at Golden Pike

Bryah Resources has highlighted the antimony potential of the Golden Pike gold project in New Brunswick, Canada, during a due diligence review.

Antimony has significant industrial and technology importance and is in strong demand for defence and military applications. Pic: Getty Images

• Due diligence highlights antimony potential alongside gold at Golden Pike

• Bryah has exercised an option to acquire the project in New Brunswick, Canada

• Previous sampling recovered boulders grading up to 53% antimony

Special Report: Bryah Resources is joining the rush to secure Western supplies of critical minerals, after highlighting the antimony potential of the Golden Pike gold project in New Brunswick, Canada, during due diligence.

ASX-listed Bryah Resources (ASX:BYH) has completed a comprehensive review, pointing to the project’s rich antimony exploration potential in addition to its known high-grade gold deposit.

Soil sampling by Rockport Mining in 2008 recovered boulders grading up to 53% Sb – that’s extraordinarily high grade.

Drilling by Globex Mining Enterprises from May 2016 to February 2017, which targeted gold, later identified antimony mineralisation.

One hole encountered 0.5m at 12.5% Sb from 76.5m as well as 37.15m at 0.91g/t Au from 71.35m. Another hole returned 0.3m at 4.74% Sb and 2.38g/t Au from 17.7m.

Antimony mineralisation is interpreted to be vein-style and associated with a northwest trending fault zone.

Golden Pike project location in New Brunswick, Canada. Pic: BYH

Historical work on Golden Pike, including soil sampling and exploration drilling, provides a wealth of geological data to guide future exploration programs with numerous prospective areas identified.

The success of due diligence has seen BYH exercise its option to acquire the 3292ha project in south-central New Brunswick, about 90km north of the port city of Saint John.

“With supply constraints and geopolitical dynamics creating a surge in the price of antimony, it is exciting to explore the antimony potential identified at the Gold Pike gold project in addition to the excellent gold opportunity provided by the project," Bryah’s CEO Greg Hill said.

Antimony recognised as a critical mineral

Antimony is recognised as a critical mineral by many countries, including Canada, the US, Australia, Japan and the EU, due to its essential role in manufacturing and national security.

It has significant industrial and technology importance and is in strong demand for defence and military applications. It is primarily used in:

• PV cells, as an additive to glass, it enhances clarity and improves solar panel efficiency
• Flame retardants, combined with materials used in consumer products to reduce flammability
• Metal alloys, added to lead to improve hardness and mechanical strength; and
• Semiconductors, used in infrared detectors, diodes and magnetic sensors.

The price of antimony in the West skyrocketed in 2024, roughly quintupling to levels of US$60,000/t, where it still sits today.

That came after China, the world’s top producer of refined antimony metal, placed export controls on the metal in response to a trade dispute with the US.

It has sparked a mad rush to find and develop new and existing antimony deposits in the West.

Given antimony deposits’ typical association with gold, that boom has handily dovetailed with a record run for gold prices to over US$3300/oz.

This article was developed in collaboration with Bryah Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Antimony glitters alongside gold for Bryah Resources at Golden Pike