Sun Silver Discovers High-Grade Antimony at Maverick Springs Project

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Sun Silver Ltd

  • ASX Code: SS1
  • Market Cap: $119,926,909
  • Shares On Issue (SOI): 178,086,922
  • Cash: $10,788,000 (as of 30 June 2025)
  • Sun Silver Reveals Extensive Antimony Mineralization at Maverick Springs

    Sun Silver's latest batch of re-assays from its Maverick Springs Project in Nevada has revealed significant antimony zones, including impressive intercepts of 41 meters at 0.1% Sb and 18 meters at 0.1% Sb. These results highlight the potential for the company to establish a domestic source of antimony, a critical mineral essential for defense, energy storage, and high-tech manufacturing applications. The Sun Silver Maverick Springs antimony discovery represents a significant development in the critical minerals sector.

    Consistent High-Grade Antimony Zones Confirm System Scale

    The ongoing multi-element re-assay program at Maverick Springs continues to demonstrate substantial antimony mineralization throughout the existing silver-gold resource. The latest results reveal broad and consistent antimony zones with grades exceeding those found at Perpetua Resources' Stibnite Project, which hosts average grades of approximately 0.06-0.07% Sb.

    Key intercepts from the most recent batch of re-assays include:

    • MR122: 41m at 0.1% Sb from 240.2m, including 9.1m at 0.2% Sb
    • MR097: 18m at 0.1% Sb from 230m

    "The latest batch of re-assays continues to confirm broad and consistent antimony zones at Maverick Springs, further strengthening our confidence in the scale and continuity of the system," said Sun Silver Managing Director Andrew Dornan.

    These results build upon previous findings that identified antimony mineralization in all five historic holes tested in 2024 over a 1.3km strike, with values up to 1.32% Sb. To date, over 35 historical holes have been submitted for multi-element assay, significantly expanding the potential scale of critical mineral distribution across the project. In fact, recent high-grade antimony discovery at Ricciardo has shown similar promising results in the sector.

    Strategic Significance of Antimony as a Critical Mineral

    Antimony has been classified as a critical mineral by the U.S. government due to its essential applications in defense, energy storage, and high-tech manufacturing. With increasing focus on securing domestic supply chains for strategic materials, Maverick Springs is emerging as a potentially significant North American source.

    The U.S. government has been actively pushing to secure domestic supply chains for critical minerals "within the four walls" of the country, making domestic antimony sources increasingly valuable. Sun Silver's Maverick Springs project could potentially help reduce U.S. dependence on foreign sources of this strategic mineral. Additionally, companies like Warriedar Resources have recently uncovered high-grade antimony at their gold deposits, further highlighting the growing interest in this critical mineral.

    "With the U.S. government actively pushing to secure domestic supply chains for critical minerals 'within the four walls' of the country, antimony remains a key strategic commodity," noted Dornan. "Maverick Springs is emerging as a potentially significant domestic source of this critical mineral, and we're focused on fast-tracking the data and technical work required to support its development."

    Understanding Antimony: A Critical Mineral with Strategic Applications

    Antimony is a brittle, silvery-white metalloid that has become increasingly important due to its diverse applications. It's primarily used as a flame retardant in various products, but also serves critical functions in ammunition, lead-acid batteries, and as a catalyst in the production of PET plastic.

    The strategic importance of antimony has grown significantly in recent years as it's used in military applications including night-vision devices, infrared sensors, and precision guidance systems. Furthermore, its role in energy storage applications makes it valuable for the renewable energy transition. Many companies have taken strategic positions near rare earth mines following antimony discoveries to capitalise on this growing demand.

    The United States currently has limited domestic production of antimony, making projects like Sun Silver's Maverick Springs potentially vital to reducing import dependence and securing supply chains for critical industries.

    The Maverick Springs Project: A Multi-Commodity Opportunity

    Sun Silver's Maverick Springs Project is located in Nevada, just 85km from the fully serviced mining town of Elko and surrounded by several world-class gold and silver mining operations, including Barrick's Carlin Mine. Nevada was rated as the number one mining jurisdiction in the world by the Fraser Institute in 2022.

    The project already hosts a substantial JORC Inferred Mineral Resource of 218Mt grading 42.2g/t Ag and 0.31g/t Au for 296.5Moz of contained silver and 2.2Moz of contained gold (480Moz of contained silver equivalent). The deposit remains open along strike and at depth, with multiple mineralized intercepts located outside the current resource model.

    Now, with the Sun Silver Maverick Springs antimony discovery, the project's value proposition has expanded considerably. The antimony mineralization appears to be closely associated with the established silver-gold mineralization, potentially adding a valuable byproduct to any future mining operation.

    Future Plans and Timeline

    Sun Silver is advancing several key initiatives at Maverick Springs:

    1. Ongoing Re-assay Program: The company continues to analyze historic pulp samples, drill core, and coarse rejects to build a comprehensive understanding of antimony distribution throughout the deposit.

    2. Maiden Antimony Resource: With mineralization modeling set to commence imminently, Sun Silver is working toward establishing a maiden antimony Mineral Resource estimate.

    3. Further Results Expected: Additional re-assay results are anticipated throughout Q3 2025, which should continue to expand the understanding of antimony distribution across the project.

    4. Validation Drilling: The company plans to complement the re-assay program with validation drilling to further confirm the distribution and continuity of antimony mineralization.

    Investment Thesis: A Unique North American Critical Minerals Opportunity

    Sun Silver offers investors exposure to a compelling combination of precious metals and critical minerals in one of the world's premier mining jurisdictions. The company's Maverick Springs Project presents several key investment attractions:

    1. Established Silver-Gold Resource: The project already hosts a substantial precious metals resource with 296.5Moz of contained silver and 2.2Moz of contained gold.

    2. Critical Mineral Upside: The emerging antimony potential adds a strategic dimension to the project that aligns with U.S. government priorities for secure domestic supply chains.

    3. Premier Location: Nevada's status as a top-tier mining jurisdiction reduces permitting and operational risks compared to many other global mining regions.

    4. Exploration Upside: The deposit remains open along strike and at depth, suggesting potential for resource expansion beyond the current estimate.

    5. Infrastructure Advantages: Proximity to Elko provides access to skilled labor, suppliers, and transportation infrastructure essential for efficient development.

    Why Investors Should Follow Sun Silver

    Sun Silver represents a unique opportunity in the critical minerals space, with several compelling reasons to follow the company's progress:

    1. Strategic Resource Portfolio: The combination of precious metals and critical minerals provides diversification and exposure to both monetary metals and technology-driven commodities.

    2. U.S. Critical Minerals Focus: With increasing government emphasis on secure domestic supply chains, Sun Silver's Nevada antimony project could attract strategic interest and potential development support.

    3. Resource Growth Potential: The ongoing re-assay program and future drilling campaigns offer numerous catalysts for resource expansion and project valuation uplift.

    4. Experienced Leadership: The management team has demonstrated a strategic approach to unlocking value from an established resource through targeted exploration and development programs.

    As the global focus on critical mineral supply security intensifies, Sun Silver's Maverick Springs Project stands out as a potential domestic source of antimony with the added benefit of substantial precious metals content. With ongoing work to define the antimony resource and multiple catalysts ahead, the company represents an intriguing opportunity for investors seeking exposure to both precious and critical metals. In the broader market, companies like Trigg Minerals have been acquiring high-grade antimony gold projects while others have reported high-grade mineralisation in Brazil, highlighting the growing interest in this critical mineral globally.

    Want to Catch the Next Major Mineral Discovery?

    Discovery Alert's proprietary Discovery IQ model offers real-time notifications on significant ASX mineral announcements, helping investors identify opportunities like Sun Silver's antimony discovery before the broader market reacts. Explore how historic discoveries have generated substantial returns by visiting Discovery Alert's dedicated discoveries page.

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