Trigg Minerals (ASX:TMG) Expands Antimony Portfolio
Portfolio Expansion
Trigg Minerals Limited (ASX:TMG) has expanded its New South Wales antimony portfolio by acquiring the historic Bukkulla Mine and an extension to the Nundle Goldfield. This expansion increases Trigg’s antimony footprint to 1,026km², complementing its existing 717km² regional portfolio, which includes the Wild Cattle Creek 29,902-tonne antimony resource at the Achilles Project, as well as the Taylors Arm and Spartan projects.
High-Grade Antimony Confirmation
The Bukkulla Mine has a history of producing high-grade antimony, with past grades exceeding 25% Sb. Recent rock chip sampling at the site returned a value of approximately 23% Sb, confirming the presence of high-grade antimony mineralisation consistent with Hillgrove-type deposits.
Strategic Expansion
The tenement applications include the northern extension of the Nundle Goldfield, one of New South Wales’ most significant gold-producing regions in the 19th century. The historical presence of Fogarty, Woodley, and Stanning antimony mines within the Nundle Goldfield highlights the area’s potential for high-grade antimony mineralisation.
Untapped Potential
No modern exploration has been conducted on the newly acquired tenements, presenting a significant opportunity for discovery. Trigg plans to initiate systematic exploration programs, including geophysical surveys, sampling, and drilling, to assess the depth extensions of the Bukkulla Mine and explore high-priority targets within the Nundle Goldfield.
Executive Comments
Executive Chairman Tim Morrison stated, “This is an exciting step forward for Trigg Minerals as we continue to diversify and grow our exploration footprint in highly prospective regions like the New England Orogen. These new applications demonstrate our commitment to unlocking shareholder value by targeting highly prospective areas with strong potential for further major discoveries.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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