Trigg Minerals acquisition of ultra-high-grade antimony projects

Trigg Minerals Limited (ASX:TMG) has signed a binding purchase agreement to acquire 100% of the Spartan and Taylors Arm Antimony projects in northern NSW. The projects are highly prospective for antimony + gold mineralisation and feature historical workings with ultra-high-grade antimony, including the highest-recorded antimony grade in Australia. The acquisition comes at a time of all-time high antimony prices following China's export ban on certain antimony products, and Trigg is well-positioned to capitalize on the growing demand for this critical mineral.

Executive commentary on the acquisition

Trigg Minerals Executive Chair, Timothy Morrison, stated, 'Trigg's acquisition of ultra-high-grade antimony assets in NSW represents a transformative transaction for the Company, significantly enhancing its strategic resource portfolio. The move into the antimony space positions Trigg to capitalize on the growing demand for the critical mineral and strengthens our market presence. We can achieve a strong foundation for future growth and profitability with successful exploration.'

Summary of the acquisition and outlook

Trigg Minerals has finalized the acquisition of the ultra-high-grade Taylors Arm and Spartan Antimony Projects in northern NSW, positioning the company to benefit from the current surge in antimony prices. With antimony being classified as a critical mineral in major economies, including Australia, the USA, and the EU, the acquisition aligns with Trigg's ambitions for future growth and profitability. The company aims to commence exploration activities immediately, leveraging its established exploration team to unlock further economic value from the historically productive region. As the global antimony market experiences significant disruption and opportunity, Trigg's strategic move into the antimony space sets the stage for a promising outlook in the critical minerals sector.