Trigg Minerals to dine out on 30 more targets at NSW antimony project

Trigg flags another 30 targets at Achilles antimony project
Antimony prices surged to ~US$35,000 per tonne this year after Chinese export ban
The company is planning to undertake drilling at the project

Special Report: Trigg Minerals has found an additional thirty priority targets at its newly acquired Achilles antimony project in NSW, which it will now rank for drilling.

It’s the perfect time to pick up an antimony play, with prices surging to ~US$35,000 per metric tonne, reflecting an increase of over 100% in the past year, following China’s export ban on certain antimony products effective from September 15, 2024.

And the Achilles project is host to some very high grades, hosting the globally significant Wild Cattle Creek deposit which features some of Australia’s thickest and highest-grade antimony intersections, including:

10.7m at 14.24% Sb
18.7m at 4.5%, including 5.2m at 9.8%
10.8 at 9.28%
22.5m at 3.9%; and
51.2m at 1.8%, including 5.5m at 4.8%.

Now multispectral analysis conducted by Dirt Exploration, led by remote-sensing expert Dr. Neil Pendock, has identified 30 new targets and several previously noted by the former owner.

This is in part due to the detection of methane and mercury, which are strongly associated with antimony in hydrothermal systems of the New England Orogen. Methane being crucial in mineralisation processes, while mercury gas serves as a potential indicator for concealed targets.

Plenty of upside potential

Ground reconnaissance of the 30 selected targets will be conducted, with the company collating historical exploration and production records to help assess and rank these targets for drilling.

Notably, the project also includes several other historical high-grade antimony mines across a substantial 6km strike that have not yet undergone systematic exploration.

Plus, ultra-high-grade drill intersections, with grades up to 11.8% (Jezebel prospect), extend beyond the boundaries of the current MRE, underscoring significant exploration potential for further high-grade resource expansion.

“Our recent advancements at the Achilles antimony project underscore Trigg’s commitment to leveraging cutting-edge technology to uncover and prioritise high-value exploration targets,” Trigg Minerals (ASX:TMG) executive chairman Timothy Morrison said.

“With growing inbound interest from potential partners and industry participants, we’re even more motivated to strategically prioritise these targets and advance the project.

“This milestone marks an important step forward in our goal to expand Trigg’s footprint in critical mineral resources and deliver long-term value to our shareholders.”

Trigg is also actively pursuing funding opportunities with various domestic and international government bodies and end users and has received several unsolicited approaches regarding potential M&A and offtake opportunities.

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.