Trigg Acquires Globally Vital Excessive Grades Excessive Tonnage Antimony Undertaking

Trigg Minerals Restricted (ASX: TMG) (“Trigg” or the “Firm”) is happy to announce it has signed a binding buy settlement (Sale Settlement) with personal firm Anchor Assets Pty Restricted (Anchor Assets), to accumulate the Achilles Antimony Undertaking (Achilles) in northern New South Wales (Determine 1).

HIGHLIGHTS

• Trigg indicators buy settlement to accumulate the 100% of the Achilles undertaking which accommodates the globally important high-grade and high-tonnage Wild Cattle Creek (WCC) Antimony Deposit.
• The WCC deposit is Australia highest grade undeveloped Antimony deposit and ranks among the many highest-grade antimony deposits globally¹.
• Vital intersections recorded by historic house owners of the undertaking embody (check with Desk 2 for full outcomes):
  • 10.7m at 14.24% Sb
  • 18.7m at 4.5% Sb from together with 5.2m at G.8% Sb
  • 10.8m at G.28% Sb
  • 51.2m at 1.7% Sb together with 5.5m at 4.8% Sb
  • 22.5m at 3.G% Sb
  • 12m at 4.3% Sb
  • 10m at 5.1% Sb
• The WCC deposit is the second-largest antimony deposit¹ in New South Wales, after Hillgrove, with a useful resource of 610 kt at 2.56% Sb, containing 15,600 tonnes of antimony. This estimate is predicated on a excessive cut-off grade of 1%, reported in accordance with JORC 2012 requirements.
• Quite a few ultra-high-grade drill intersections grading as much as 14.45% Sb have been confirmed past the prevailing JORC useful resource indicating important useful resource upgrades.
• The deposit is enriched from floor and open down plunge hosted by an 6km lengthy largely untested construction.
• Historic metallurgy confirmed ultra-high antimony recoveries of over 95% are achievable from the WCC deposit by a low-cost typical milling and flotation approach.
• Trigg submit completion will progress additional exploration for useful resource growth on the WCC deposit whereas concurrently advancing it’s 100% owned Taylors Arm antimony undertaking which accommodates Australia’s highest ever recorded antimony grade at 63% Sb.
• 100% non-cash transaction permits Trigg to protect its wholesome money steadiness for worth including exploration.

The Achilles Undertaking hosts the globally important excessive grade and excessive tonnage Wild Cattle Creek antimony deposit, with a JORC 2012-compliant Mineral Useful resource Estimate (MRE) of 610,000 tonnes at 2.56% Sb, containing 15,600 tonnes of antimony (Indicated and Inferred classes). Along with antimony, the deposit is enriched with tungsten and gold.

Found within the Nineties, the undertaking has traditionally produced antimony ore throughout a number of durations of operation since then, with grades as much as 46% Sb reported. Anchor Assets accomplished the latest work on the undertaking from 2005 to 2016 when it accomplished 23 drill holes, two useful resource estimation research, orientation soil geochemistry, water and noise monitoring surveys, and sponsored college analysis into the genesis of the Wild Cattle Creek deposit.

Trigg Minerals Government Chair Timothy Morrison stated, “Buying the Achilles Undertaking, together with the Wild Cattle Creek antimony deposit, is a big bolstering of our current portfolio and offers Trigg Minerals with a complicated undertaking with a JORC useful resource and loads of exploration upside in and across the useful resource. Including to our latest acquisitions of the Taylors Arms and Spartan antimony initiatives, we count on Achilles to be our flagship, given its superior state. This acquisition positions Trigg as a globally important participant within the rush to safe Antinomy provide”