Trigg Minerals bumps up antimony resource estimate by 92%

Trigg Minerals announces 1.52Mt at 1.97% antimony resource at Achilles project
Company says there’s plenty of upside and room to include gold and tungsten
Future resource expansion drilling planned

Special Report: Trigg Minerals has updated the antimony resource estimate at the Wild Cattle Creek deposit at its Achilles project in NSW by a whopping 92% to 1.52Mt at 1.97% Sb, containing 29,902t of antimony.

That’s nearly double the 2013 estimate of 0.6Mt at 2.56% Sb, containing 15,600t of antimony.

Trigg Minerals’ (ASX:TMG) Wild Cattle Creek is the second largest antimony deposit in the state. It hosts mineralisation comparable to Larvotto Resources’ (ASX:LRV) nearby 7.23 Mt at 4.5g/t gold and 1.2% antimony Hillgrove antimony-gold deposit, and is shaping up as a significant antimony deposit with high-grade and high tonnage potential.

The project also has some solid growth potential with high-grade shoots that remain open either downdip or along strike, and it’s only been drilled to 100m depth, remaining open down plunge and along strike.

Plus, there’s even more upside potential as this resource does not include tungsten and gold, which will be evaluated in a future update.

Not to mention, the Achilles licence also features numerous other antimony prospects with high grade drill intersections outside of this resource providing the company immediate targets for any future resource expansion drilling.

Antimony supply with room to grow

Antimony is a critical metal used in applications ranging from bullets to batteries and has seen prices surge after China announced export restrictions earlier this year.

“The near doubling of the mineral resource at Wild Cattle Creek is a great achievement for the entire team at Trigg,” Trigg executive chair Timothy Morrison said.

“The substantial upgrade of the mineral resource at Wild Cattle Creek, part of the Achilles project, reinforces its status in Trigg’s portfolio.

“The deposit elevates Trigg to a globally significant position in securing antimony supply and offers substantial exploration potential within and beyond the resource area.

“As our flagship project, Achilles underscores our commitment to driving growth and meeting the critical demand for antimony.”

Looking forwards, the company is considering a substantial infill and extension drilling program to upgrade and expand the resources to measured and indicated.

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.