Trigg appoints highly experienced senior advisor to ride antimony bull

Trigg Minerals appoints a senior antimony advisor from the only significant Western producer
Key figure for development and offtake of Australia’s highest-grade undeveloped deposit
Current prices and further restrictions a sign for acceleration to production

Special Report: Trigg Minerals has appointed former Mandalay Resources vice president Andre Booyzen as its senior antimony strategic advisor with intent on becoming a key player in the ascendent sector.

Coming from the only significant western producer of the military-critical mineral, the new Trigg Minerals (ASX:TMG) consigliere is set to play a big part in exploration and advancement of its Australian assets.

Trigg is already looking at making strategic offtake and global partnerships for its collection of New South Wales projects, headlined by the Achilles project and its resource of 610,000t at 2.56% antimony.

It is well funded off the back of a recent $5m raising to progress plans to restate that resource, which sits within the Wild Cattle Creek deposit that is not only one of the few primary antimony deposits positioned to supply the Western world but also one that has has intermittently produced antimony at grades up to 46% over the past century or so.

Experienced hands

With more than 20 years in operational, senior, and executive roles in mining, specifically within the antimony space, Booyzens is well familiar with the metal and its operations.

During his time at Mandalay, he held full strategic and operational control and made the sales, offtake agreements and negotiations over its Costerfield gold-antimony mine.

Trigg executive chairman Timothy Morrison said Booyzens appointment comes at a crux as the company positions Achilles and Australia’s highest grade undeveloped antimony resource.

“Andre’s extensive experience at Mandalay Resources’ Australian operations, as one of the Western world’s only antimony producers, will be invaluable to Trigg as we look to develop our antimony projects in NSW,” Morrison said.

“We are focused on delivering value to our Shareholders and see the current antimony market environment, which has experienced record prices of up to US$38,000 per tonne in 2024.”

Morrison said the current price and continued tightening of Chinese export restrictions was a sign it needed to unlock its projects’ potential as soon as possible.

“And we believe Andre can help us achieve that,” he said.

Antimony rush

A price surge is bound to attract the attention of explorers, but Trigg is not alone in seeing itself in the position to become a key player for a new market darling.

While a rush could be dismissed as a fad, many of the world’s antimony deposits appear to be depleting after mining a mineral which most often appears in high-grade zones at surface.

Mandalay’s Costerfield has notably fallen from 2500tpa production to now around 300tpa, and limited exploration over the past years lends further credence to belief in sustained prices.

With China, Russia and Tajikistan currently accounting for about 80% of global supply, Australia stands to benefit with companies like Trigg rightfully eager to claim their place.

This article was developed in collaboration with Trigg Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.