NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) has unveiled a significant opportunity at its Limousine Butte project in Nevada. The company announced on Jan.6 that it has identified 2.4 to 3.0 million tonnes of previously mined material in historical leach pads containing notable antimony grades.
These pads, remnants from gold mining operations in 1989-1990 when antimony was overlooked due to low pricing, average 0.27 per cent to 0.31 per cent antimony (Sb) and 0.18 to 0.34 grams per tonne gold (Au) across crushed and run-of-mine sections. Select areas show even higher grades of up to 0.81 per cent Sb.
Metallurgical tests indicate up to 92 per cent Sb recovery via acid leaching. This enables potential on-site production utilizing a technique similar to copper solvent extraction/electrowinning processes without hindering subsequent gold extraction.
CEO Brandon Bonifacio highlighted the “near-term” production potential and how it could rapidly advance. He says NevGold is aiming for cash flow within 12-24 months through sonic drilling and further test work. He also explained that the latest results have significantly de-risked the project.
“There are a number of development scenarios that become viable with the addition of leach pad material, and all scenarios are being evaluated,” Bonifacio stated. “We have the opportunity to be one of the near-term solutions to the United States building a fully vertically integrated antimony supply chain.”
This revelation builds on a string of recent advancements for NevGold, underscoring its pivot toward antimony alongside gold exploration.
NevGold’s activities are well-funded
In November 2025, the company closed a brokered private placement valued at C$10 million, providing capital to accelerate activities at Limo Butte. This funding supported Phase II metallurgical work, yielding high Sb recoveries, and ongoing drilling.
Additionally, on Dec. 2, NevGold reported its highest-grade oxide antimony intercept at the Bullet Zone: 5.51 per cent Sb over 4.6 metres within a broader 41.1-metre interval of 0.96 per cent Sb and 0.29 g/t Au. A couple of weeks later, the junior miner expanded its holdings by 6 square kilometres of outcropping antimony-gold targets at the project.
These steps, including an initial mineral resource estimate in progress, position the leach pads as a low-risk entry into production, de-risking operations at key sites within the Limo Butte property area like Resurrection Ridge and Cadillac Valley.
“In parallel with advancing the historical leach pad opportunity, we are also progressing the larger commercial gold-antimony mining operation at the project with drilling, metallurgical test work, and a planned gold-antimony MRE at Resurrection Ridge [including the high-grade antimony-gold Bullet discovery made in 2025] and Cadillac Valley,” Bonifacio added.
“This offers the company significant optionality as we look to advance Limo Butte to a production and cash-flow scenario.”
NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential In Historical Leach Pads at Limo Butte, Nevada$NAU CEO @bbonifacio1 commented, “There are a number of development scenarios that become viable with the… pic.twitter.com/UfjWQ2p5tX
— Mitchell Smith (@MitchSmithVanc) January 6, 2026
Read more: NevGold expands Limo Butte footprint by staking 90 promising antimony-gold claims
NevGold’s latest discovery brings enhanced optimism
The implications extend beyond NevGold to the broader U.S. antimony mining sector.
Antimony, vital for flame retardants, batteries, and defence applications, has seen surging demand amid AI and industrial growth. The U.S. relies heavily on imports, primarily from China, which dominates global supply but imposed export restrictions in 2024-2025 amid geopolitical tensions.
Although a U.S.-China truce in November 2025 suspended some curbs on antimony through 2026, uncertainty persists. Experts are still warning of lingering supply risks.
Domestic projects like NevGold’s could bolster U.S. self-sufficiency, aligning with executive orders promoting critical mineral production. Competitors such as United States Antimony Corp (NYSEAMERICAN: UAMY) have secured major contracts in response to these shifts, signaling a revitalized sector.
By harnessing existing infrastructure, NevGold has demonstrated how innovative re-evaluation of historical sites can accelerate output, reducing vulnerability to foreign disruptions while helping to foster economic security in strategic materials.
Read more: NevGold expands high-grade antimony discovery at Nevada’s Limousine Butte Project
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