NevGold's Limousine Butte: A Critical Antimony & Gold Play in the U.S. Domestic Mining Boom

The U.S. government's push to secure domestic supply chains for critical minerals has created a rare investment opportunity in Nevada's goldfields. NevGold Corp.'s Limousine Butte Project stands at the intersection of geopolitics, geology, and government policy—a trifecta positioning it to deliver outsized returns as the antimony market tightens. Recent drill results, regulatory clarity, and strategic timing make this a must-watch story for investors seeking exposure to a resource sector primed for growth.

Strategic Positioning in a Critical Minerals Era

The U.S. Executive Order of March 2025, prioritizing domestic production of critical minerals, has elevated projects like Limousine Butte to national strategic importance. Antimony, a key component in military applications (e.g., ammunition, night-vision goggles) and clean energy technologies (e.g., lithium-ion batteries), is now a linchpin of national security. With China restricting antimony exports since late 2024—controlling ~60% of global supply—U.S. projects capable of producing this mineral are no longer just mining plays; they're infrastructure plays.

Drill Results: High-Grade Gold-Antimony Discoveries

Limousine Butte is delivering the goods. Recent assays from Resurrection Ridge and Cadillac Valley demonstrate the project's potential as a dual gold-antimony asset:

• LIM-46 (Resurrection Ridge): 7.04 g/t AuEq over 15.2 meters, including 6.37 g/t gold and 0.15% antimony.
• LB016 (Resurrection Ridge): Extended mineralization 400 meters along strike, with 0.61 g/t AuEq over 36.6 meters (0.16 g/t Au, 0.10% Sb).
• LB22-007 (Cadillac Valley): A standout 13.15 g/t AuEq over 3.1 meters (0.76 g/t Au, 2.76% Sb).

The project's 5-km mineralized strike length and oxide-dominated gold-antimony mineralization align with Nevada's Carlin-style deposits—a proven high-margin gold system. Crucially, antimony grades exceeding historical 1% detection limits are now being re-assayed, with rock chip samples from historical mines on-site showing up to 9.6% Sb. This suggests the project's antimony potential could be far understated.

Permitted for Rapid Advancement

Unlike many exploration projects, Limousine Butte is fully permitted under its approved Plan of Operations (PoO), enabling immediate drilling without regulatory delays. With 30+ drill results pending and metallurgical testwork underway (results expected Q3 2025), the path to a maiden Mineral Resource Estimate (MRE) is clear. An MRE could unlock a valuation re-rating, as the market currently prices the project based on limited data.

Geopolitical Demand for Antimony: Why It Matters Now

The antimony market is in crisis. China's export restrictions, combined with rising demand for electric vehicles, defense systems, and semiconductors, have pushed prices to multi-year highs. The U.S. military alone requires over 2,000 tons annually for its operations, yet domestic production has collapsed since the 1990s. Limousine Butte's proximity to Nevada's established mining infrastructure and its antimony-rich geology make it a logical candidate to fill this gap.

Path to Mineral Resource Estimate and Metallurgical Catalysts

NevGold is executing a disciplined, two-pronged strategy:
1. Metallurgical Testing: Results from 100+ kg of bulk samples will determine recovery rates for gold and antimony—a critical step to validate economic viability.
2. Drill Expansion: Ongoing drilling targets undrilled portions of the 5-km strike length, aiming to expand the mineralized footprint and bolster the MRE.

A robust MRE by year-end . could position Limousine Butte as a consolidator in Nevada's goldfields or attract a strategic buyer. With $6 million in recent financing and marketing spend to boost investor awareness, the company is primed to capitalize on its catalysts.

Investment Thesis and Upcoming Catalysts

• Catalyst #1: Metallurgical test results (Q3 2025) validating recoveries above 70% for antimony and 85% for gold.
• Catalyst #2: Maiden MRE announcement (Q4 2025) with a gold-equivalent resource exceeding 500,000 ounces.
• Catalyst #3: Antimony's rising geopolitical premium as supply shortages deepen.

Conclusion: A Rare Confluence of Timing, Geology, and Policy

Limousine Butte is not just a mining project—it's a geopolitical imperative. With a permitted path to production, high-grade intersections, and tailwinds from U.S. policy, this project has the scale and strategic significance to deliver outsized returns. Investors should act now: the drill results are compelling, the catalysts are imminent, and the antimony market is screaming for supply.

For those who recognize the shift toward domestic critical minerals, NevGold's Limousine Butte is a once-in-a-decade opportunity to back a project at the forefront of a resource revolution.