Antimony Revenue Potential
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Canagold Announces Positive Antimony Concentrate Production Results for the New Polaris Project Grading 59.1% Sb and 98.3 gpt. Au
Newsfileยท 2025-10-01 11:30
Core Viewpoint - Canagold Resources Ltd. announced positive results from antimony flotation testing at its New Polaris gold-antimony project, indicating the potential for significant additional value beyond the already favorable economics demonstrated in the feasibility study [1][2]. Group 1: Project Overview - The New Polaris project is located in northwest British Columbia and is 100% owned by Canagold [1]. - The feasibility study completed in July 2025 showed exceptional economics with low capital expenditures (Capex) and all-in sustaining costs (AISC) [2]. Group 2: Flotation Testing Results - The antimony flotation testing yielded a concentrate grading 59.1% Sb and 98.3 gpt Au, with a recovery rate of 93.1% for Sb and 91.8% for Au in combined concentrates [2][5]. - The testing utilized a 110-kilogram composite sample from 47 diamond drill core samples across 17 drill holes in the high-grade antimony zone [3]. Group 3: Economic Implications - Although the feasibility study did not account for any revenue from antimony, the new results suggest that including antimony could enhance the project's overall economics [2][8]. - The economic importance of antimony has increased due to global supply constraints and rising prices, prompting further metallurgical test work and economic assessments [8][9]. Group 4: Future Considerations - Should future studies confirm the viability of including antimony revenue, it could significantly improve project economics, as mining costs are largely supported by gold production [9]. - The company plans to continue evaluating the potential for antimony revenue in its financial model [8].