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Highlights
- Trigg Minerals acquires Wild Cattle Creek, Australia’s highest grade undeveloped antimony deposit.
- The acquisition boosts Trigg's portfolio as antimony demand rises amid supply constraints.
- Antimony is vital for modern technology, with Australia possessing significant reserves.
Trigg Minerals has made a significant move in the critical minerals sector by acquiring the Wild Cattle Creek deposit, recognized as Australia's highest grade undeveloped antimony deposit and one of the top deposits globally. This acquisition follows a series of strategic purchases by Trigg, which has already acquired several historic antimony mines known for some of the highest grades ever recorded in Australia.
Antimony plays a crucial role in various technological applications that power modern economies. However, much of the world's supply is controlled by China, which imposed an export ban on antimony starting September 15. This ban has ignited interest in Australian junior mining companies with antimony prospects, as the race intensifies to identify and develop more antimony sources within Australia, which is home to the world’s fourth largest reserves of this essential mineral.
Notable Projects and Potential
One of the key projects within Trigg's portfolio is the Achilles Project, which has recorded significant historical intersections. Notably, previous owners reported an impressive 10.7 meters at 14.24% stibnite (Sb), the primary mineral for antimony, from a depth of only 44.7 meters. Another promising result included 18.7 meters at 4.5% from a depth of 39.5 meters.
The Wild Cattle Creek deposit ranks as the second largest antimony deposit in New South Wales, just behind the Hillgrove project owned by Larvotto Resources (ASX:LRV). The current resource estimate for the Achilles Project stands at 610 kilotonnes at 2.56% stibnite, containing approximately 15,600 tonnes of antimony. This estimate is based on a high cut-off grade of 1%, compliant with JORC 2012 standards.
Moreover, ultra-high-grade drill intersections have been confirmed beyond the existing JORC resource, indicating a promising potential for resource upgrades. The deposit is enriched from the surface and extends down plunge, hosted within a largely untested 6-kilometer structure.
Strong Metallurgical Prospects
In terms of metallurgy, historical test work has shown that ultra-high antimony recoveries exceeding 95% can be achieved from the Wild Cattle Creek deposit using a low-cost conventional milling and flotation technique. This suggests that the deposit could not only be rich in resources but also economically viable to extract.
Following the completion of this acquisition, Trigg intends to advance exploration efforts aimed at expanding resources at Wild Cattle Creek. The company is also advancing its 100% owned Taylors Arm antimony project, which boasts Australia's highest recorded antimony grade at an impressive 63% stibnite.
The acquisition of Achilles, executed as a non-cash transaction with private company Anchor Resources Pty Limited, allows Trigg to maintain a healthy cash balance, positioning the company for further exploration initiatives.
As the global demand for antimony rises amid supply constraints, Trigg Minerals is strategically positioned to capitalize on the burgeoning interest in this critical mineral, promising exciting prospects for investors and stakeholders in the mining sector.
