Zeus Resources Acquires Casablanca Antimony Project

Zeus Resources, an Australian-listed exploration company, has announced an agreement with Ashgill Morocco to acquire the Casablanca Antimony Project located in central Morocco. The acquisition gives Zeus access to six exploration licenses spanning 79 square kilometers, focusing on antimony mineralization associated with a regional fault structure. The transaction will be executed via Zeus Morocco Resources, a fully owned subsidiary, pending shareholder approval. Financial details remain undisclosed; however, the company stated that exploration drilling expansion is permissible under current licenses valid until March 2026, with a potential four-year extension. Ashgill Morocco is an extension of Ashgill Australia, a mining consultancy with operations in Australia, Morocco, and Mongolia. Antimony is a critical mineral with significant geopolitical importance for industries such as solar photovoltaics and defense. Global supply issues and restrictions from China have led to a surge in antimony prices. The project area features historical and recent artisanal mining activities, with high-grade antimony detected through assays. Its strategic value is enhanced by Morocco's appeal as a leading African mining jurisdiction.