AUS
NZ
UK
CA
USA
IND
Highlights
- Trigg Minerals Ltd acquires the Achilles project in New South Wales.
- The project hosts Australia’s largest undeveloped antimony deposit, Wild Cattle Creek.
- Shares in Trigg surged over 16% following the announcement.
Trigg Minerals Ltd (ASX:TMG) is making significant strides in the antimony sector by acquiring the Achilles project in New South Wales. This project includes the Wild Cattle Creek (WCC) deposit, an ASX mining stock, recognized as Australia’s largest undeveloped antimony resource and one of the highest-grade antimony deposits globally, highlighting its strategic importance in the global minerals market.
In response to this exciting acquisition, Trigg's shares increased by over 16%. The company has formalized a binding purchase agreement with Anchor Resources Pty Ltd, allowing it to take full ownership of the Achilles project located in northern New South Wales.
The Wild Cattle Creek deposit boasts an estimated resource of 610,000 tonnes at a grade of 2.56% antimony (Sb), amounting to a total of 15,600 tonnes of this valuable mineral. This positions WCC as the second-largest antimony deposit in New South Wales, trailing only the Hillgrove deposit.
Historical exploration efforts have revealed strong intercepts at the deposit, with previous operators indicating the potential for recoveries exceeding 95% through conventional milling and flotation methods. Notable intercepts from the site include impressive grades such as 10.7 metres at 14.24% Sb, 18.7 metres at 4.5% Sb (with a standout of 5.2 metres at 9.8% Sb), and 51.2 metres at 1.7% Sb, including 5.5 metres at 4.8% Sb.
Timothy Morrison, the executive chair of Trigg Minerals, highlighted the strategic importance of this acquisition. He stated, “Acquiring the Achilles Project, including the Wild Cattle Creek antimony deposit, is a significant bolstering of our existing portfolio and provides Trigg Minerals with an advanced project with a JORC resource and plenty of exploration upside in and around the resource.”
Morrison also expressed confidence in the project’s potential, mentioning recent acquisitions of the Taylors Arms and Spartan antimony projects. He anticipates that Achilles will emerge as Trigg’s flagship project due to its advanced status, positioning the company as a key player in the growing demand for antimony supply.
At 12:30 AEST, Trigg Minerals’ shares were trading at 3.5 cents, reflecting a notable increase of 16.67% since the market opened.
