Baru Gold identifies antimony, revises drilling program

Executive Summary

• Baru Gold Corp. identified antimony mineralization in 20 drill holes across the Bawone and Binebase orebodies within its Sangihe contract‑of‑work area.
• The discovery prompts a revision of the drilling program to expand both gold resources and delineate antimony zones, adding a new critical‑metal component to the project’s value proposition.
• Management emphasizes that antimony is a strategic, high‑demand metal, positioning Baru for participation in global critical‑minerals supply chains as it moves toward production.

Key Details

• Antimony Detection: Significant drill intercepts showing antimony were found in 20 holes on the Bawone and Binebase orebodies.
• Drilling Program Revision: The existing gold exploration program is being expanded to systematically evaluate and delineate the newly identified antimony mineralization.
• Strategic Rationale: Antimony demand has surged due to its use in flame retardants, batteries, semiconductors, and military alloys; it is listed as a U.S. critical mineral.
• CEO Statement (Terrence Filbert): “We are moving decisively toward gold production while uncovering a potential antimony opportunity that could position us within the global critical minerals supply chain.”
• Chief Geologist Comment (Frank Rocca): Historical assays did not flag antimony; renewed focus reflects market and strategic interest.
• Project Context: The Sangihe gold project covers ~25,000 ha with a NI 43‑101 resource on a 65‑ha target area; only ~10 % of the gold‑bearing area has been explored to date.
• Ownership & Tenure: Baru holds a 70 % interest in the Sangihe contract‑of‑work through PT Tambang Mas Sangihe (TMS); the CoW term is 30 years from production start.
• Regulatory Status: All Indonesian government requirements met; environmental permit granted.

Notable Quotes

“This revision to the exploration drill program, to prioritize the evaluation of the interval concentrations of antimony, will add a new dimension to our project.” – Terrence Filbert, CEO & Chairman

“Historically, exploration programs did not focus on elements like antimony … the demand for antimony has increased dramatically.” – Frank Rocca, Chief Geologist

Materiality Assessment: Material – Positive (the discovery adds a potentially valuable critical‑metal component to an advancing gold project, likely to affect future valuation and strategic positioning).