Thai Goldfields
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ANTIMONY FORECAST

February 2012

Antimony potential at Thai Goldfields’ Khao Soon ‘Rabbit Prospect’ and its Palitapan Gold Project is underlined by recent comments by major Chinese tungsten and antimony miner, Minmetals.

Metal Bulletin Minor Metals Conference, Brussels – 14 February 2012.

Antimony prices are poised to favour the upside in the medium and long term due to declining reserves, which should be depleted within just ten years, Andrew Wang, marketing manager at Minmetals, said at the Conference*.

“Antimony prices will remain on the rise and looking at the longer-term fundamentals, they will continue to grow (as) based on the quantity of reserves there are only 10 years production to go,”

“Most of China’s antimony production is exploited and (the) self-sufficient rate is going down,” he added.   *Source: minormetals.com

Antimony metal prices in February 2012 were in the US$12,000 – 12,500/t range.