Felix Gold dominates US domestic antimony with 9 out of 10 top drill hits

FXG’s Alaskan project hosts nine out of 10 of the top antimony drill hits in the US
Five of the top 7 global antimony drill hits sit at FXG’s Treasure Creek project
Antimony prices are soaring thanks to Chinese export bans
Project could be an in demand domestic supply of the critical mineral

Special Report: America’s antimony crisis is shaping up to be a huge opportunity for Felix Gold, with the company’s Treasure Creek project host to nine of the country’s top 10 antimony hits.

The global antimony market has undergone a dramatic transformation, with prices surging from around US$10,000 per tonne in January 2024 to over US$60,000 in March 2025.

This is thanks to China’s complete export ban which kicked off in December last year, severing access to the world’s largest antimony source, creating immediate global supply disruptions and threatening US defence industrial capabilities.

China, Russia and Tajikistan dominate the world’s antimony upstream supply chain, accounting for more than 87% of global mine production as of 2025.

Not to mention, depleting munitions stockpiles from conflicts in Ukraine, Gaza, and elsewhere are straining defence supply chains.

This has created both a crisis and an opportunity for Felix Gold (ASX:FXG), because the US has zero domestic primary production despite an 85% import dependence, creating a perfect storm for an urgent national security imperative for domestic antimony production.

Click here to hear directly from FXG Executive Director Joe Webb in their upcoming Investor Update held by Reach Markets.

Treasure Creek dominates US antimony

Antimony is essential for several defence applications, from ammunition and night vision goggles through to nuclear weapons.

It’s also critical in the use in manufacturing, the energy transition and electronics, with over 1,000 patents in the last decade within the electronic industry utilising antimony.

No surprise then that the US Department of Defense has identified the commodity as one of the most critical material shortfalls in its stockpile requirements, with the department attempting to acquire approximately 1,100 metric tonnes annually.

And as a brownfield site with historical production dating back to World Wars I and II, the company’s Treasure Creek project has previously supplied the US government during critical wartime shortages.

The project is also at the top of global rankings for strong grade-thickness values, a metric which provides the best early indicator of economic potential.

It hosts exceptional near-surface intercepts of 3m at 50.26% antimony (150.8% grade-metres) and peaks of 65.4% antimony – all at depths of less than 50m.

It’s exceptional values like these which have placed the project in nine out of the top 10 antimony drill intercepts in the entire United States.

And out of the top seven hits globally, a whopping five are from Treasure Creek.

FXG has 9 of the top 10 US antimony intercepts. Source: MDF Global.

This could mean complete dominance of the US antimony landscape for Felix Gold, especially considering most of the project’s mineralisation starts near surface – making it potentially suitable for efficient, low-cost development.

The company could even potentially become America’s first domestic antimony source, with production targeted by the end of this year.

This article was developed in collaboration with Felix Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.