Trigg Minerals Restricted (ASX: TMG) (“Trigg” or the “Firm”) is happy to announce it has signed a binding buy settlement with Bullseye Gold Pty Ltd to accumulate the ultra-high-grade Taylors Arm and Spartan Antimony Initiatives in northern NSW (Acquisition) (Determine 1).
HIGHLIGHTS
- Trigg indicators a binding buy settlement to accumulate 100% of the Spartan and Taylors Arm Antimony tasks in northern NSW after finishing due diligence. The tasks are within the New England Orogen and are thought-about extremely potential for antimony ± gold mineralisation.
- Taylors Arm Antimony Portfolio options 71 historic workings on granted EL have produced ultra- high-grade antimony. The portfolio consists of:
- Swallows Nest Mine – extracted antimony from 1940 to 1955 at a 40% antimony (Sb) focus and 30% Sb on reopening in 1972. Latest rock samples revealed extraordinarily high-grade antimony mineralisation with grades of 29.8% Sb and 31.4% Sb1.
- Testers Mine – featured huge stibnite veins grading as much as 63% Sb, Australia’s highest- recorded antimony grade.
- Little Purgatory Mine – stockpile samples produced antimony with grades as much as 27.7% Sb.
- Actual McKay Mine – current exploration recognized a stibnite-bearing fault breccia internet hosting high-grade antimony mineralisation, reporting 15.2% Sb and 52.7% Sb.
- Taylors Arm Portfolio comprises numerous different historic workings/prospects with antimony grades as much as 20.6% Sb (Walfords Declare), 27.5% Sb (Neil & Taylors Prospect), 18.3% Sb (Bowraville), and 17.7% Sb (Kia Ore Mine).
- Spartan Antimony Undertaking – instantly adjoining to Larvotto Assets’ (ASX: LRV) licences containing its Hillgrove Antimony-Gold operation, masking components of the Hillgrove Fault and the identical rocks that host the Hillgrove deposit.
- Antimony costs are buying and selling at all-time highs following China’s export ban on some antimony merchandise from 15 September 2024.
- Antimony is on the Important Mineral lists of nations, together with Australia, the USA, Canada, Japan and the EU2 attributable to its defence and navy purposes.
- Trigg has a longtime exploration workforce and is funded to begin exploration actions instantly.
Determine 1: Places of the Taylors Arm and Spartan antimony tasks in northern NSW.
The Spartan Undertaking covers components of the Hillgrove Fault and the identical rocks that host the adjoining Hillgrove Antimony-Gold Mining Operations, owned by Larvotto Assets (ASX: LVR).
The Taylors Arm Undertaking consists of Swallows Nest, Munga Creek, and Testers Mines, which have not too long ago produced antimony. The latter options huge stibnite veins grading as much as 63% Sb (Desk 1), Australia’s highest-recorded antimony grade.
The tasks comprise one granted tenement (EL 9668—Taylors Arm) and one pending tenement software (ELA 6801—Spartan) throughout 288km2 of the New England Orogen.
Trigg Minerals Govt Chair Timothy Morrison stated, “Trigg’s acquisition of ultra-high-grade antimony property in NSW represents a transformative transaction for the Firm, considerably enhancing its strategic useful resource portfolio. The transfer into the antimony area positions Trigg to capitalise on the rising demand for the vital mineral and strengthens our market presence. We will obtain a powerful basis for future development and profitability with profitable exploration.”
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