Trigg Minerals Limited (ASX:TMG) Announces Antimony Exemption from US Tariffs
Tariff Exemption
Trigg Minerals Limited (ASX:TMG) reports that antimony is exempt from the US Government’s new reciprocal tariff policy. The exemption is part of President Donald Trump’s executive order to regulate imports impacting the US trade deficit, effective April 5th, 2025. Antimony is designated as a critical mineral, aligning with the US Geological Survey’s 2022 list, highlighting its importance to US and global security.
Project Development
Trigg is advancing its Wild Cattle Creek (WCC) deposit, Australia’s highest grade undeveloped primary antimony resource, containing 1.52Mt with 29,900 tonnes of antimony. The WCC deposit remains open at depth and to the west, with plans for a proposed drilling program to expand the antimony resource and explore high-grade antimony-tungsten veins and a potential gold system. A forthcoming geophysics program will employ UAV sub-audio magnetic, electromagnetic, and 3D induced polarisation surveys to enhance targeting across the deposit and its extensions.
Executive Comments
TMG Executive Chairman Timothy Morrison stated, “It is a remarkable time to be developing an antimony project in Australia. This exemption, in conjunction with NSW Government and Australian Federal Government Critical Mineral incentives, and at a time of record high prices for antimony, sets a development context for our Wild Cattle Creek deposit unlike any non-conflict period in Australian history. There could be no greater recognition of the strategic nature of the Wild Cattle Creek deposit and the importance of antimony, which has many military and other strategic applications, as well as industrial uses, to global supply chains.”
Motley Fool contributor Abbie Stokes 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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