Warriedar Resources Ltd Announces Major Antimony Resource and Resource Estimate Upgrade

Warriedar Resources Limited, a resource exploration and project development company based in East Perth, Australia, has recently made significant announcements that have captured the attention of the mining industry. The company, which specializes in managing gold and copper mining projects, has unveiled a major antimony resource and upgraded its Mineral Resource Estimate (MRE) at the Ricciardo deposit. This development has led to the declaration of Australia’s largest open-pit antimony resource.

The updated MRE at the Ricciardo deposit shows a substantial increase in gold equivalent ounces, with the deposit now standing at 1.96 million ounces AuEq. This represents a 107% increase from the previous level, highlighting the potential of the Ricciardo deposit. The upgrade in the MRE underscores Warriedar Resources Ltd’s commitment to expanding its resource base and enhancing its project development capabilities.

The announcement has had a notable impact on the company’s stock performance. Warriedar Resources Ltd’s shares have experienced a significant price surge, reflecting investor confidence in the company’s growth prospects. As of May 1, 2025, the close price of the company’s shares was 0.096 AUD, up from a 52-week low of 0.041 AUD on December 18, 2024. The 52-week high for the stock was 0.1 AUD, indicating a positive trend in the company’s market valuation.

With a market capitalization of 80,380,000 AUD, Warriedar Resources Ltd continues to position itself as a key player in the metals and mining industry. Despite a negative price-to-earnings ratio of -6.19, the company’s strategic developments and resource upgrades suggest a promising future. The declaration of Australia’s largest open-pit antimony resource and the substantial increase in gold equivalent ounces at the Ricciardo deposit are pivotal milestones for Warriedar Resources Ltd, reinforcing its status as a leading resource exploration and project development company in the sector.