Trigg Minerals Nearly Doubles Antimony Resource with Strategic NSW Acquisitions

Significant Resource Upgrade at Achilles Project

Trigg Minerals Limited (ASX: TMG) has delivered a substantial boost to its Achilles Project in New South Wales, with an updated Mineral Resource Estimate (MRE) for the Wild Cattle Creek (WCC) deposit nearly doubling the contained antimony to 29,902 tonnes. The new estimate of 1.52 million tonnes at 1.97% antimony, classified as Indicated and Inferred, marks a 92% increase from the 2013 resource, underscoring the deposit’s high-grade and high-tonnage potential.

The MRE, prepared under the 2012 JORC Code, is based on extensive drilling data comprising 120 surface holes totaling over 9,500 metres. Notably, the mineralisation remains open at depth and along strike, with multiple high-grade shoots identified that could further enhance the resource base. Trigg’s focus on a 1% antimony cut-off maintains the deposit’s economic viability while excluding tungsten and gold, which represent additional upside potential to be evaluated in future resource updates.

Strategic Expansion of NSW Antimony Portfolio

In a move to consolidate its position in the New England Orogen, Trigg has entered binding agreements to acquire 100% interests in the Spartan West and Taylors Arm East tenement applications. These acquisitions strategically extend the company’s footprint adjacent to Larvotto Resources’ Hillgrove Mining Operations, home to Australia’s largest known antimony deposit.

The expanded Taylors Arm Project now encompasses 87 historical workings, including 16 newly acquired sites, enhancing Trigg’s exposure to prospective antimony and gold-silver mineralisation. High-resolution satellite imagery analysis has identified several new priority targets requiring field confirmation, setting the stage for an intensified exploration campaign.

Encouraging Drilling Results at Drummond Gold Project

Trigg’s exploration efforts in Queensland’s Drummond Basin continue with a three-hole drilling program at the SW Limey prospect, part of the Old Glenroy Gold Project. The initial hole intersected a significant alteration zone extending from 160 metres to the end of the hole at 402 metres, featuring key epithermal system indicators such as silica-smectite-pyrite alteration and hydrothermal breccia.

This discovery aligns with geophysical IP anomalies and suggests a low-sulphidation epithermal system analogous to the nearby Pajingo gold deposit. The company plans to extend geophysical surveys and drilling to better define this promising target, while drilling at Breccia Hill is deferred pending rig availability.

Financial Strength and Strategic Leadership

Trigg successfully raised $7.5 million through two placements to institutional and sophisticated investors, reflecting strong market confidence in its growth strategy. The funds will be directed towards advancing exploration and drilling programs across its NSW and Queensland projects, as well as general working capital and potential acquisitions.

Complementing its operational momentum, Trigg appointed Andre Booyzen, former Vice President of Mandalay Resources’ Australian operations, as Senior Antimony Strategic Advisor. Booyzen’s extensive experience in antimony production and strategic partnerships is expected to accelerate Trigg’s project development and market positioning.

OTCQB Listing to Enhance U.S. Market Access

To broaden its investor base and improve liquidity, Trigg has initiated the process to relist on the OTCQB market in the United States. This dual listing will enable U.S. investors to trade Trigg shares in U.S. dollars during American market hours without affecting its ASX listing, potentially increasing the company’s visibility and valuation in global capital markets.