Tag #Antimony

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smh.com.au

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Sep 25, 10:21

Locksley Resources Appoints Industry Veterans to Lead US Antimony Project

Locksley Resources, an ASX-listed company, appointed Kerrie Matthews as CEO and Danny George as COO to spearhead the restart of its Desert antimony mine in California, aiming to capitalize on the US's critical mineral needs and China's export ban.

Locksley Resources Appoints Industry Veterans to Lead US Antimony Project

Locksley Resources, an ASX-listed company, appointed Kerrie Matthews as CEO and Danny George as COO to spearhead the restart of its Desert antimony mine in California, aiming to capitalize on the US's critical mineral needs and China's export ban.

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How does the Locksley project aim to address the US's antimony supply chain vulnerabilities?

Locksley's strategy involves not only restarting the dormant Desert antimony mine but also developing downstream processing technologies like DeepSolv, in partnership with Rice University. This aims to create a fully integrated US antimony supply chain, reducing reliance on China and securing domestic supply.

smh.com.au

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Aug 13, 10:18

Locksley Resources to Drill High-Priority Rare Earth and Antimony Targets in California

Locksley Resources is initiating drilling and geological mapping at its Mojave project in California, targeting rare earth elements and antimony near the Mountain Pass mine, aiming to contribute to US critical minerals independence.

Locksley Resources to Drill High-Priority Rare Earth and Antimony Targets in California

Locksley Resources is initiating drilling and geological mapping at its Mojave project in California, targeting rare earth elements and antimony near the Mountain Pass mine, aiming to contribute to US critical minerals independence.

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What is the immediate impact of Locksley Resources' drilling program on the US rare earth supply chain?

Locksley Resources is preparing to drill for rare earth elements (REEs) and antimony in California's Mojave desert. The project is adjacent to Mountain Pass, the only operating rare earths mine in the US, significantly increasing its potential. Drilling is expected to begin soon, following geological mapping.

smh.com.au

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Jul 31, 10:20

Larvotto's Hillgrove Project: \$140 Million Antimony-Gold Mine to Begin Production in 2026

Larvotto Resources commenced development of its \$140 million Hillgrove antimony-gold project in NSW, Australia, securing \$161 million in bonds and \$60 million in equity, aiming for first production by Q2 2026 to become a key non-Chinese antimony supplier.

Larvotto's Hillgrove Project: \$140 Million Antimony-Gold Mine to Begin Production in 2026

Larvotto Resources commenced development of its \$140 million Hillgrove antimony-gold project in NSW, Australia, securing \$161 million in bonds and \$60 million in equity, aiming for first production by Q2 2026 to become a key non-Chinese antimony supplier.

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What is the global significance of Larvotto Resources' Hillgrove antimony-gold project and its immediate impact on the market?

Larvotto Resources has initiated development of its \$140 million Hillgrove antimony-gold project in NSW, Australia, aiming for first production in Q2 2026. This follows a \$161 million bond issue and \$60 million equity raising, transforming an \$8 million acquisition into a potentially billion-dollar asset.

smh.com.au

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Mar 18, 10:15

Larvotto Resources buys homestead to house Hillgrove mine workforce

Larvotto Resources purchased Echidna Gully, a NSW homestead and wedding venue, for $3 million cash and $600,000 in shares to house its growing workforce at the Hillgrove antimony-gold project, aiming for production in early 2026.

Larvotto Resources buys homestead to house Hillgrove mine workforce

Larvotto Resources purchased Echidna Gully, a NSW homestead and wedding venue, for $3 million cash and $600,000 in shares to house its growing workforce at the Hillgrove antimony-gold project, aiming for production in early 2026.

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How does the acquisition of Echidna Gully address the challenges faced by Larvotto in expanding its workforce at the Hillgrove mine?

The acquisition of Echidna Gully is directly linked to Larvotto's strategy to ramp up operations at the Hillgrove mine. The existing housing shortage presented a significant challenge to workforce recruitment; this purchase solves that problem and allows the company to avoid costly camp construction. This also facilitates the faster restart of operations.

smh.com.au

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Dec 2, 10:44

Larvotto Resources Secures $14.1 Million in Funding for Hillgrove Mine Development

Larvotto Resources received $14.1 million in funding, including a $6.1 million prepayment and an offtake agreement with Wogen Resources for antimony from its Hillgrove mine, boosting exploration and accelerating its definitive feasibility study (DFS).

Larvotto Resources Secures $14.1 Million in Funding for Hillgrove Mine Development

Larvotto Resources received $14.1 million in funding, including a $6.1 million prepayment and an offtake agreement with Wogen Resources for antimony from its Hillgrove mine, boosting exploration and accelerating its definitive feasibility study (DFS).

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What factors contributed to Larvotto Resources' recent success, including the share price increase and the offtake agreement?

The funding significantly boosts Larvotto's exploration program and expedites the Hillgrove mine DFS, expected in early 2025. This follows China's antimony export ban, which has driven up prices and increased global demand for alternative sources, benefiting Larvotto.

smh.com.au

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Sep 22, 07:22

Locksley Resources Achieves 85.9% Antimony Recovery in Mojave Project

Locksley Resources announced exceptional antimony recovery rates (82.9-85.9%) from its California Mojave project, potentially solving the US's antimony supply shortage and marking a significant development in domestic critical minerals production.

Locksley Resources Achieves 85.9% Antimony Recovery in Mojave Project

Locksley Resources announced exceptional antimony recovery rates (82.9-85.9%) from its California Mojave project, potentially solving the US's antimony supply shortage and marking a significant development in domestic critical minerals production.

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What is the significance of Locksley Resources' high antimony recovery rates for the US?

The 82.9-85.9% antimony recovery rates from Locksley's Mojave project are significant because the US currently lacks domestic antimony production. This breakthrough could establish a domestic supply chain, reducing reliance on China, which controls 80% of the global supply. This addresses US national security concerns and reduces dependence on foreign sources for a critical mineral used in various applications.

smh.com.au

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Aug 4, 07:16

Locksley Resources to Expand Antimony Exploration in California

Locksley Resources announced plans to significantly expand drilling at its Desert antimony prospect in California's Mojave Desert to 2180 meters following a successful capital raise and positive geological survey results, aiming to develop a major US antimony source near the Mountain Pass rare earth...

Locksley Resources to Expand Antimony Exploration in California

Locksley Resources announced plans to significantly expand drilling at its Desert antimony prospect in California's Mojave Desert to 2180 meters following a successful capital raise and positive geological survey results, aiming to develop a major US antimony source near the Mountain Pass rare earth...

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What is the significance of Locksley Resources' expanded exploration program for US antimony production and national security?

Locksley Resources plans to significantly expand its exploration activities at the Desert antimony prospect in California, aiming to increase drilling to 2180 meters. This follows a successful capital raise, boosting their cash position to over \$6.5 million, and is expected to unlock the critical minerals potential of the Mojave project. The increased exploration is driven by recent geological surveys revealing three stibnite-rich vein systems.

smh.com.au

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Jul 25, 10:18

Larvotto Resources Secures \$60M to Restart Hillgrove Antimony Mine

Larvotto Resources secured \$60 million in equity and \$159.6 million in debt to restart its Hillgrove antimony-gold mine in NSW, aiming for mid-2026 production, driven by high demand for critical minerals and projected to generate significant annual revenue.

Larvotto Resources Secures \$60M to Restart Hillgrove Antimony Mine

Larvotto Resources secured \$60 million in equity and \$159.6 million in debt to restart its Hillgrove antimony-gold mine in NSW, aiming for mid-2026 production, driven by high demand for critical minerals and projected to generate significant annual revenue.

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What is the significance of Larvotto Resources' \$60 million equity raise for its Hillgrove antimony-gold mine?

Larvotto Resources secured \$60 million in equity funding to restart its Hillgrove antimony-gold mine in NSW, aiming for mid-2026 production. This follows a recent \$159.6 million bond issue, fully funding the project with a 70:30 debt-to-equity ratio, exceeding initial expectations.

forbes.com

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Dec 10, 19:06

China Bans Key Mineral Exports to US, Exacerbating Trade Tensions

China banned exports of gallium, germanium, and antimony to the US on December 3, 2024, escalating trade tensions and potentially disrupting US industries reliant on these minerals; the US may be able to partially offset this by reopening the Stibnite mine to produce antimony.

China Bans Key Mineral Exports to US, Exacerbating Trade Tensions

China banned exports of gallium, germanium, and antimony to the US on December 3, 2024, escalating trade tensions and potentially disrupting US industries reliant on these minerals; the US may be able to partially offset this by reopening the Stibnite mine to produce antimony.

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Affordable and Clean Energy

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How did past US policy decisions contribute to the current reliance on China for these critical minerals?

China's dominance in mining and processing these minerals, stemming from US policy decisions in the 1970s that hindered domestic mine approvals, leaves the US vulnerable. The current situation exposes the risks of relying on single-source supply chains for critical materials, particularly in a time of heightened geopolitical tensions. The ban directly affects US military readiness and the renewable energy transition.

Showing 1 to 9 of 9 results