Black Cat Syndicate may have a new antimony deposit to add to its Kal East and Paulsens gold projects, with new drilling results from its Mt Clement project showing visible traces of the critical mineral.
The wholly owned Mt Clement project located around 30km from Paulsens, hosts one of Australia’s largest and highest-grade antimony deposits. It estimates a current resource of 13,200 tonnes at 1.7 per cent antimony with credits of gold, silver, and lead and an exploration target of up to 103,000 tonnes at 1.2 to 1.9 per cent antimony.
The company notes that the exploration target is conceptual only, as there has been insufficient exploration to formally estimate a resource. It is not yet certain if further exploration will result in a resource estimation.
Still, the first four diamond holes, totalling 727m, have been completed as part of of a 6,000m program. Full assays are expected in November, but on-site scanning of the first three holes confirmed the the presence of antimony mineralisation. This was found within a stockwork zone of quartz-sulphide veining up to 14m width.
Two additional diamond rigs have now been mobilised, in order to work on two co-funded drill holes targeting multiple lodes and the depth extent of the mineralised system. Additional infill and extensional drilling are also planned.
Black Cat has appointed a dedicated project manager for the Mt Clement exploration program. The new recruit, John Burgess, has been charged with ensuring the technical aspects of the project are advanced promptly and systematically. He will also be responsible for ensuring commercial relationships are formed and maintained with government stakeholders and potential offtake parties.
These will be factored into an economic study for Mt Clement which is planned for completion in the September 2026 quarter.
Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.
