Warriedar Resources Ltd: Major Antimony Resource Unveiled at Ricciardo Deposit

Warriedar Resources Limited, a resource exploration and project development company based in East Perth, Australia, has made significant strides in the metals and mining industry. Specializing in gold and copper mining projects, the company recently announced a major development at its Ricciardo deposit.

Key Developments at Ricciardo Deposit

On May 1, 2025, Warriedar Resources unveiled a substantial antimony resource and an updated Mineral Resource Estimate (MRE) at the Ricciardo deposit. The company reported a maiden antimony MRE of 12.2 million tonnes at 0.5% antimony, containing 60.3 thousand tonnes of antimony. This update marks a significant milestone, positioning Ricciardo as Australia’s largest open-pit antimony resource.

The total Ricciardo MRE now stands at 1.96 million ounces of gold equivalent (AuEq), reflecting a 107% increase from previous estimates. The average AuEq grade is reported at 2.5 grams per tonne. The open-pit MRE includes 11.4 million tonnes at 3.3 grams per tonne AuEq, containing 56.8 thousand tonnes of antimony and 331 thousand ounces of gold, with 37% classified as Measured and Indicated resources.

Financial Overview

As of April 29, 2025, Warriedar Resources’ share price closed at 0.086 AUD, with a 52-week high of 0.091 and a low of 0.041. The company’s market capitalization is valued at 82,291,853 AUD.

Industry Context

Warriedar Resources operates within the materials sector, focusing on metals and mining. The company is listed on the ASX All Markets and conducts its financial operations in AUD.

Conclusion

The unveiling of the major antimony resource at the Ricciardo deposit underscores Warriedar Resources’ commitment to expanding its portfolio and enhancing its resource base. This development not only strengthens the company’s position in the antimony market but also highlights its potential for future growth in the metals and mining industry.