• NSW Government approves licence transfer for Trigg Minerals’ Wild Cattle Creek antimony deposit
  • Marks final step for Trigg to begin formal applications for access and exploration
  • Trigg has been actively expanding its antimony portfolio, strengthening its cash position, and enhancing its leadership team

 

Special Report: Trigg Minerals has been granted NSW government approval of the licence transfer for its high-grade, high-tonnage Wild Cattle Creek antimony deposit.

Approval paves the way for the company to proceed with formal access and exploration applications, following preliminary access discussions with landowners that took place while awaiting the transfer.

And while under the Mining Act (1992) access applications cannot be submitted until ownership has been officially transferred and granted, Trigg Minerals (ASX:TMG) is now confident that the process can be consummated expediently.

WCC holds a contained resource of 15,600t of antimony at an average grade of 2.56%, positioning Trigg to capitalise on the highly sought-after metal, which is used in ammunition, flame retardants and next-generation battery technologies.

The metal is listed as a critical mineral in the US, European Union and Australia due to its importance in defence applications, with the US government actively supporting the resumption of domestic mining operations.

Trigg executive chairman Timothy Morrison was pleased with the swift approval from the NSW government.

“The approval marks a significant step in the development of the Wild Cattle Creek deposit,” he said.

“I am particularly pleased with how quickly the NSW government has moved to facilitate the transfer. 

“This demonstrates that both state and federal governments recognise the strategic importance of this project.”

 

Wasting no time

During the regulatory approval process for the WCC licence transfer, Trigg achieved a number of key milestones:

  • Expanded portfolio with additional antimony tenements
  • Raised over $8 million, strengthening financial position
  • Designed drill program to expand mineral resource at WCC
  • Appointed Andre Boozyen, former Mandalay VP, to the board
  • Listed on US OTCQB, increasing international investor access
  • Became first ASX-listed company accepted into the International Antimony Association
  • Upgraded WCC MRE to 1.52Mt at 1.97% antimony, maintaining a high 1% cut-off grade

It positions WCC as one of the highest-grade primary antimony deposits globally, with historical drilling also indicating potential for tungsten credits.

 

Realising Achilles’ value

Trigg’s review of historical exploration data beyond the Wild Cattle Creek deposit has confirmed that the Bielsdown Fault and its subsidiary structures are mineralised along much of their 6km fault length within the tenement area.

The company’s Achilles project, which includes substantial Crown Land tenure, also hosts several historic antimony mines along the Bielsdown Fault that holds the WCC deposit.

Achilles is not the company’s only valuable asset. Trigg also holds the Taylors Arm and Drummond projects, which are located near established mining regions and have access to key infrastructure.

The company also just grew its footprint in NSW to 1026km2 with the acquisition of the previously producing Bukkulla mine and an extension to the Nundle Goldfield within the highly prospective New England Orogen in NSW.

 

 

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.

 

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