Miner to anchor at creek
A MINING operation at Wild Cattle Creek has been successful for Anchor Resources Ltd.
It is estimated that 900,000 tonnes of the metal antimony has been mined by Anchor Resources. It is a mineral fetching similar prices on the world market to copper and is used in such things as a lead additive in wet cell batteries and in the growing market for fire retardants.
The current market value of antimony is US $6600.
Managing director Trevor Woolfe said that the results of the second round of drilling were promising and resulted in a quantity of antimony being released to the market last week.
“The mine at Wild Cattle Creek is about 12 metres wide, which is excellent. There are only two other mines of this type in Australia. One is near Armidale and the other is in Victoria and they both have shafts about four metres wide, so we are very pleased with the findings at Wild Cattle Creek,” he said.
Over the coming months, Anchor Resources Ltd will drill 14 holes at Wild Cattle Creek and hope to release more antimony to the market.