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Thistle Resources gets Buy rating on gold and antimony potential in Bathurst Mining Camp

Analyst Insights
19 Oct 2026
Proactive Investors
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Bullish
Thistle Resources gets Buy rating on gold and antimony potential in Bathurst Mining Camp

Thistle Resources has been given a Buy rating by Atrium Research with a target price of $0.40 per share, based on promising gold and antimony prospects in the Bathurst Mining Camp. The company is focusing on its Middle River Gold Project and Brunswick Antimony Project, both showing significant exploration potential. A Phase 3 drill program is underway at Middle River aiming for a 2 million ounce gold resource, while high-grade antimony samples have been found near the Brunswick #12 Mine. Upcoming assay results and ongoing surveys are key catalysts, supported by an experienced management team planning further growth through M&A and asset sales.

Thistle Resources' recent Buy rating from Atrium on gold and antimony prospects is contextually set against Basic Materials sector activity on Pluang. For readers following this sector, here is Pluang's market snapshot as of Oct 19, 2026 22:41 WIB: out of 83 priced Basic Materials stocks, 37 rose and 43 fell. Notable movers include ALM at USD 9.17 with a 1-day change of -6.71%, CLMT at USD 55.55 down 3.81%, and SSL at USD 15.77 down 3.49%.

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