Trigg Minerals picks up America’s largest highest-grade antimony play

• TMG to acquire Antimony Canyon project in Utah, USA
• Project is the USA’s largest and highest-grade antimony play 
• The company plans to validate and expand the non-JORC compliant resource

Special Report: Trigg Minerals has executed a purchase agreement to acquire 49 unpatented lode mining claims covering the Antimony Canyon Project (ACP) in Utah, USA.

The ACP is currently the largest and highest-grade antimony project in the country, with the U.S. Bureau of Mines reporting a foreign resource estimate of 12.7mt grading 0.79% antimony for 100,300t of contained antimony.

The project also features several historically producing high-grade mines, including:

• The Emma mine averaging 1.5% antimony with considerable zones averaging 2.2% antimony
• The Mammoth mine averaging 1.5% antimony with considerable zones averaging 2.4% antimony; and
• The Nevada mine averaging 2.2% antimony with considerable zones averaging 3.6% antimony.

It’s also in the prime position of Utah, the world’s top mining jurisdiction according to the latest Fraser Institute Survey.

Trigg Minerals (ASX:TMG) says the acquisition strengthens its antimony strategy, complementing its 1.52Mt resource at 1.97% antimony Wild Cattle Creek project in NSW, and expanding the company’s footprint across tier-one jurisdictions, while advancing both projects simultaneously supported by with a healthy cash balance.

Watch: Trigg levels up with experienced antimony leader

Making the resource JORC 2012 compliant

Since the foreign resource estimate is only based on a limited number of mines in the camp, TMG reckons there’s a strong opportunity to define a materially larger resource under modern exploration. 

The next step for the company will be validating the resource to a JORC 2012 compliant estimate.

“The addition of Antimony Canyon underscores our commitment to establishing a robust presence in the critical minerals sector, explicitly addressing the rising global demand for antimony,” TMG managing director Andre Booyzen said.

“The project’s attractive characteristics, including historical estimates, a clear pathway to JORC compliance, and a favourable location in a supportive mining jurisdiction, align seamlessly with Trigg Minerals’ growth strategy. 

“As we continue to advance our existing projects, this acquisition positions us to become a meaningful domestic supplier of antimony, contributing to greater supply chain security in North America. 

“Additionally, our recent listing and active trading on the OTC market in the United States (OTC: TMGLF) provide increased visibility and accessibility for North American investors, further supporting our growth trajectory and regional strategic objectives.”

At the ACP, there’s also exploration upside across both primary ore zones and the extensive debris mantle or ‘talus slope’ beneath the towering cliffs. 

Trigg has prioritised these areas for targeted exploration, building on the focus of the 1942 field work and the subsequent 1975 estimate. 

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.