Antimony Discovery: Retesting of 44 samples from Bailieston, yielded highly promising antimony results exceeding expectations.
Antimony is in high demand for applications in hardening alloys, munitions, and fire retardant equipment. The global production is mainly concentrated in volatile regions, making the discovery in Bailieston, Australia particularly valuable.
ECR is seeking a strategic partner to collaborate on further exploration, leveraging the exceptional antimony grades discovered. Tax Losses: The company is also exploring ways to realize and transfer accumulated tax losses from as far back as 2007 to generate additional value.
The video discusses ECR Minerals’ recent discovery of antimony at their Bailieston project in Australia. Key points include:
- Antimony Discovery:
- Retesting of 44 samples yielded highly promising results, exceeding expectations.
- Antimony is used in hardening alloys, munitions, and fire retardant equipment.
- The discovery is valuable due to global production mainly being in volatile regions like Tajikistan, Russia, China, and the Congo.
- ECR is seeking a strategic partner for further exploration.
- Grade and Market:
- The grades found at Bailieston are exceptional, with some as high as 40-44%.
- Current prices for antimony are high, making the discovery particularly significant.
- Strategic Plans:
- ECR aims to attract a strategic partner to collaborate on and fund further exploration.
- The company is also exploring ways to realize and transfer accumulated tax losses from as far back as 2007.
- Company Outlook:
- The discovery has the potential to turn around sentiment towards the Bailieston project.
- ECR is focused on a sensible, measured approach to further exploration and utilization of tax losses.
Overall, the video highlights the promising antimony discovery at Bailieston and ECR’s strategic approach to maximizing this opportunity.
