GreenX Metals discovers high-grade antimony

GreenX Metals (ASX:GRX) has announced significant findings of high-grade antimony mineralization at its Eleonore North project in Greenland. The discovery is based on historical data from the Geological Survey of Denmark and Greenland. This comes at a time when China has imposed export restrictions on antimony, causing prices to soar.

Exploration strategy and market potential

The recent findings at Eleonore North indicate a promising high-grade antimony-gold mineral system. With antimony prices escalating due to China's export restrictions, GreenX Metals' project could become highly lucrative. The company plans to focus on both gold and antimony exploration, aiming to utilize historical data for targeting. Key mineralization findings include antimony concentrations as high as 23% and gold up to 4g/t. The company's strategy aligns with global demand for critical minerals, positioning them to potentially capitalize on rising market needs.

Executive insights on antimony discovery

These findings at Eleonore North are crucial given the current market dynamics with antimony being a critical raw material. The ongoing export restrictions by China have highlighted the need for alternative sources. Our exploration program will leverage these historical results to further explore the antimony and gold potential at Eleonore North.