US Antimony Provides November - December Operations Details - Seite 2

Antimony Trisulfide Montana

Two additional trisulfide furnaces have been delivered to our facility in Montana and one is being repaired due to damage in shipping. Both furnaces are being modified for the particular purpose of production of antimony trisulfide.

Wadley Mine Update

The company continues to purchase ore from the Wadley mines and is receiving more tonnage per month than ever before. Currently, our smelter in Madero, which processes the lots of ore in order of antimony content, has 19 unprocessed lots ranging from 20 - 40 metric tons each and varying in grade from 19.7%- 27.4% which is lower than normal. We are confident that the theft of ore has been halted.

The company has still not received the necessary legal documents from the owner in order to render initial judgement on purchase option. Until this information has been provided the company is focused on buying as much ore as possible so as to ascertain realistic grade and tonnage averages.

Soyatal Mines

The company has entered into a purchase agreement for settlement of outstanding balance left by the previous management of US Antimony. Whereas at one point the company was going to relinquish ownership/payment for the concessions at Soyatal because it was not economic as a source of direct-smelting ore due to the trucking costs and low-volume, it has now been proven that the low-grade sulfide ore can be used to make an acceptable grade concentrate for further synthesis into antimony trisulfide, the retention of these claims is deemed in its interest. The details of the final purchase are being negotiated at this time.

Sierra Guadalupe Mines

The company is working on obtaining the surface rights for the concessions of this property, while still awaiting approval of the third sample of antimony trisulfide (that was produced from ore from this mine) from the U. S. Defense Logistics Agency (DLA). Once that sample is approved, the company plans to proceed with a program of improvements to the roads and infrastructure and will assemble an experienced mining crew to begin exploration and development of the deposit.

Los Juarez Property

The geophysical program, including the IP survey has been completed. The raw data from these surveys have been sent to our geological team in the United States for synthesis into a 3-D model. A preliminary report from our geologist in Mexico is expected by 25^th of Jan and this report will be combined with the data from the recent geophysical and IP studies, along with all relevant previous data available forming the basis of a final report which will include the 3-D model. This is expected in late February.