Military Metals Hits Strong Gold & Antimony - Resource Update Coming

Military Metals Corp. (CSE: MILI | OTCQB: MILIF) put out a strong drill update this morning from its flagship Trojárová Antimony–Gold Project in Slovakia, and in my view this materially de-risks the upcoming resource update expected by the end of Q1.

Key highlights from hole 25-TVA-003:

• 23.5m of 3.3 g/t gold (true width ~20.2m)

• Including 4.0m of 10.52 g/t gold

• Plus 1.9m of 2.53% antimony

This is exactly what you want to see at this stage of the story:

• Grades that confirm historical antimony data

• Gold grades that are coming in higher than expected

• Broad, continuous mineralization that supports a meaningful modern resource

What’s especially important here is context. Trojárová is not an early-stage discovery, it’s a historically defined deposit with:

• 63 historical drill holes

• 1.7 km of underground workings

• A historical estimate of ~60,000 tonnes of antimony in situ at ~2.47% Sb (plus gold)

Military Metals’ current drill program is designed specifically to validate and modernize this data, with SLR Consulting working toward a current mineral resource estimate. Today’s results strongly support that effort.

Management also confirmed that all drilling is now complete, samples are at the lab, and additional results are pending. In other words, we’re entering the final stretch before the resource update, which is typically where these stories start to get re-rated.

Putting the Results in Perspective: Trojárová vs. Stibnite

To frame these results properly, it’s worth comparing Trojárová to Perpetua Resources, whose Stibnite Gold Project in Idaho is widely considered the Western world’s next major source of antimony. The two projects, however, represent very different investment profiles.

Perpetua is a massive, multi-billion-dollar project with long timelines and permitting complexity. Military Metals, by contrast, is emerging as a high-grade antimony specialist. In some intercepts, Trojárová’s antimony grades are nearly an order of magnitude higher than average grades at Stibnite.

For investors looking for pure-play antimony exposure, the grade-to-market-cap disconnect at Military Metals is becoming very difficult to ignore.

Stepping back, the macro backdrop for antimony has rarely been stronger:

• China controls the majority of global supply

• Antimony is classified as a critical mineral by Western governments

• Europe has very few credible antimony projects and Trojárová stands out

Overall, this drill release strengthens the investment case and increases confidence going into the upcoming resource estimate. In my opinion, this is an attractive window to build or add to a position before that update hits the market.

As always, this is a high-risk junior mining stock and position sizing matters but the risk/reward setup here continues to improve.

More to come as additional assays are released.

^{DISCLAIMER: The author did not receive any compensation for publishing this article. The author holds a position in MILITARY METALS CORP and may choose to buy or sell shares of the company at any time without notice. The author does not hold positions in any of the other companies mentioned. While reasonable efforts have been made to ensure the accuracy and reliability of the information provided, readers are encouraged to conduct their own research and seek independent financial advice before making any investment decisions related to the companies discussed.}