West Cobar Metals (ASX:WC1) reported results from its latest drilling at the Bulla Park Copper-Antimony Project, 110km west of Cobar, New South Wales.
A diamond drill hole (BPD09) has confirmed broad and consistent mineralisation, intersecting 190m at 0.23% copper and 0.08% antimony from 128m.
The highlight of the drilling includes specific intersections such as 66m at 0.34% copper and 0.13% antimony from 200m, and 13m at 0.45% copper and 0.17% antimony from 239m.
Gravity and aeromagnetic surveys suggest potential mineralisation along a 1.8km strike length, with intersected thicknesses up to 60m.
Managing Director Matt Szwedzicki commented, "The Bulla Park Project is shaping up to have the potential for a major copper-antimony-silver deposit. The antimony content is exceptional and with the global prices of antimony trading at nearly 2.5 times the price of copper, it is a good time to have drilled through a major intercept of antimony mineralisation. We are now planning the next drill program to follow the deposit along strike."
Antimony, a designated critical mineral in both Australia and the US, is experiencing strong macroeconomic conditions with prices of approximately US$22,700 ($33,224) per tonne.
This reinforces the project's significance given the mineral's applications in the military, solar cells, and other industries.
The company plans further drilling to enable a maiden antimony-copper resource estimate.
The intersections have bolstered confidence in the project's long-term viability and indicated additional mineralisation south of the current drill sites.
At the time of reporting, West Cobar Metals' share price was $0.042.