Trigg Minerals (ASX:TMG) expands antimony targets at Achilles Project, prepares for strategic funding talks
November 4, 2024In an era where critical minerals are gaining strategic importance, Trigg Minerals (ASX:TMG) Achilles Project in northern New South Wales is emerging as a promising Australian source of high-grade antimony.
Following advanced satellite imagery analysis, Trigg has identified 30 new exploration targets at the project, reinforcing the significant potential of its flagship site, Wild Cattle Creek.
According to Trigg Minerals Executive Chairman Timothy Morrison, “Our recent advancements at the Achilles Antimony Project underscore Trigg’s commitment to leveraging cutting-edge technology to uncover and prioritise high-value exploration targets”.
Highlights
- Thirty New Priority Targets: Innovative remote-sensing techniques have spotlighted additional high-potential zones, now marked for field exploration.
- High-Grade Antimony Deposits Confirmed: The Wild Cattle Creek deposit is a standout, with drill intersections such as 10.7m at 14.24% Sb, underscoring the site’s potential.
- Market Dynamics Favourable: With global antimony prices doubling to approximately US$35,000 per metric tonne following export restrictions from China, the Achilles Project is well-timed to meet growing demand.
The Achilles Project’s Wild Cattle Creek deposit, noted for its high-grade antimony intersections like 51.2m at 1.8% Sb, represents a unique opportunity for Trigg.
Dirt Exploration’s advanced multispectral survey methods, which used VNIR, SWIR, and SAR data, have proved invaluable.
By isolating signals typically masked by vegetation, Trigg has been able to pinpoint not only mercury and methane gas anomalies but also potential mineralised structures that had previously gone undetected.
Strategic Funding and Partnership Talks on the Horizon
Building on this momentum, the company is also exploring a range of funding and partnership opportunities that could enhance its capacity to advance the Achilles Project and its strategic goals.
Initial discussions have begun with both domestic and international organisations, as well as with potential industry partners, aimed at securing resources and alliances that could strengthen Trigg’s position in the critical minerals sector.
Although these discussions are still in the early stages, and no formal agreements have been finalised, Trigg is committed to maintaining transparency with its stakeholders and will ensure that any material developments are promptly communicated in accordance with ASX requirements.
Outlook for Trigg Minerals and the Achilles Project
Although these discussions are preliminary, they underscore the strategic appeal of Trigg’s Achilles Project amid a backdrop of rising global demand for antimony.
As Morrison notes, inbound interest reflects confidence in Trigg’s role in the critical minerals sector, particularly as Australia aims to bolster its domestic supply chains.
With robust exploration underway and a clear focus on sustainable mineral sourcing, Trigg Minerals appears positioned to make an impact in Australia’s critical minerals landscape.
The months ahead will be crucial as the company advances fieldwork, refines its priority targets, and engages with potential partners, all while supporting the growing market need for ethically sourced antimony.
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