Announcement • Apr 29
Antimony Resources Corp Reports Assay Results from Bald Hill Antimony Property Antimony Resources Corp. has provided assay results from the final hole of their 8,000 metre, 2025 drilling program on the Bald Hill Antimony property in New Brunswick which is under option from Globex Mining Enterprises Inc. Hole BH-25-34 returned antimony assays of 9.76% Antimony (Sb) over 3.15 metres. This hole extends the Main Zone both to the north and to depth. Assay Results: Drill Hole BH-25-34: Hole Number BH-25-34, Location 732589E/5066129N, Sample Number 2303086, From (m) 280.50, To (m) 280.95, length (m) 0.45, Sb % 48.30; Sample Number 2303087, From (m) 280.95, To (m) 281.95, length (m) 1.00, Sb % 3.30; Sample Number 2303088, From (m) 281.95, To (m) 282.70, length (m) 0.75, Sb % 3.65; Sample Number 2303089, From (m) 282.70, To (m) 283.65, length (m) 0.95, Sb % 3.14; Total 3.15m 9.76%. Drilling continues and is projected to terminate by the end of April with 12,500 metres completed. To date, a total of 25,000 metres has been drilled on the Bald Hill Main Zone. A 11,000-metre drill program is planned to commence in Mid May to focus on the newly discovered mineralised zones outside of the Main Zone, including the Marcus Zone, previously identified Central Zone and South Zone. Historical and Current Exploration has exposed these additional zones as follows: Marcus West Zone – exposed for approximately 100 metres. Stibnite in outcrop over thickness of up to 11 metres. BH Central – exposed approximately 150 meters south of the Main Zone and may be an extension of the Main Zone. Trenching recovered 2.8% Sb over 8.1 metres in channel sampling. BH South – located approximately 1 km along trend to the Southeast of the Bald Hill deposit. Discovered in 2014 and returned 9.04% Sb over 2.6 m and 12.32% Sb over 1.7 m. Long-Section Detail of the Bald Hill Main Zone with the location of Drill H BH-25-34. Note that Drill Hole BH-25-36 was not completed. New Risk • Apr 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.7m free cash flow). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (173% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (19% average weekly change). Significant insider selling over the past 3 months (CA$5.9m sold). 
