Bindi Metals (ASX:BIM) has acquired the Lisa Antimony-Gold Project and the Mutnica Antimony-Copper Project in Serbia, Europe pursuant to a binding tenement sale agreement. The Lisa Project tenure is currently in application and covers approximately 30km2 and the Mutnica Project tenure is granted and comprises 50.5km2.
Mutnica Antimony-Copper Project:
- Historical rock assay data with up to 4.5% and 2.7% antimony
- Recent soil data with elevated copper and other base metals never followed up
Lisa Antimony-Gold Project:
- Historical data confirms the presence of historical high-grade antimony mines with reported mined grade of 5% to 20% antimony where approximately 60,000 tonnes of ore from shallow pits were produced between 1932 and 1951.
- Both projects display classic geological characteristics of carbonate replacement or Carlin style deposits.
- Strategically located near major European markets and with well-established modern infrastructure and a robust, skilled local mining workforce.
- China’s recent export ban on antimony has fuelled market disruption. China controls 55% of global antimony mining and most downstream processing, while Europe lacks domestic production, raising national security concerns.
Bindi Metals Chairman, Eddie King said: “We are excited to confirm the historical high-grade antimony mining within the Lisa permit and also high grades of antimony present at Mutnica. These historical antimony-rich regions, with evidence of shallow past production, is ideally situated to assist Europe as it faces growing supply chain vulnerabilities for critical metals. With antimony playing a critical role in both defence and renewable energy technologies, the acquisitions of these projects aligns with our focus to secure essential mineral resources.”