Licence Transfer Approval Paves Way for Trigg’s Exploration Risks and Rewards
Trigg Minerals has secured NSW Government approval for the transfer of its Achilles Project licence, enabling formal exploration of the high-grade Wild Cattle Creek antimony deposit.
- NSW Government approves transfer of Exploration Licence 6388 to Trigg Minerals
- Licence transfer enables formal land access applications and exploration activities
- Wild Cattle Creek deposit boasts 1.52Mt at 1.97% antimony, with potential tungsten credits
- Trigg strengthens position with A$8 million capital raise and expanded antimony tenure
- New board appointment and US OTCQB listing enhance company’s growth profile
Licence Transfer Clears Path for Exploration
Trigg Minerals (ASX: TMG) has achieved a critical regulatory milestone with the NSW Government’s approval of the transfer of Exploration Licence 6388, covering the Achilles Project in northern New South Wales. This approval is pivotal, as it legally enables Trigg to register as the licence holder and proceed with formal land access applications required under the Mining Act 1992.
Until now, Trigg’s ability to advance exploration at the Wild Cattle Creek (WCC) antimony deposit was constrained by the licence transfer process. With this hurdle cleared, the company can now finalize access agreements with private landowners and Crown Land authorities, including the Forestry Corporation NSW, facilitating swift commencement of exploration activities.
High-Grade Antimony Resource and Strategic Growth
The WCC deposit remains one of the highest-grade primary antimony resources in the Western world, with a recently upgraded Mineral Resource Estimate of 1.52 million tonnes at 1.97% antimony. The deposit also shows promising potential for tungsten credits and remains open along multiple geological directions, underscoring significant upside for resource expansion.
Trigg has not been idle during the licence transfer process. The company has bolstered its portfolio by acquiring additional historically producing antimony tenements, positioning itself as one of the largest Tier 1 antimony tenure holders globally. This strategic expansion is complemented by a successful capital raise exceeding A$8 million, providing a robust financial foundation to prioritize WCC while advancing exploration across its broader holdings.
Leadership and Market Positioning
Further strengthening its growth trajectory, Trigg appointed Andre Boozyen, a seasoned antimony executive and former Mandalay VP, to its board. This leadership enhancement aligns with the company’s ambitions to become a dominant player in the antimony sector.
Additionally, Trigg’s recent listing on the US OTCQB market broadens its investor base internationally, while its acceptance as the first ASX-listed member of the International Antimony Organisation (i2a) signals recognition within the global antimony community.
Looking Ahead
With regulatory approval secured and preparatory groundwork complete, Trigg is poised to execute a comprehensive drilling program targeting resource growth at Wild Cattle Creek. The company’s proactive approach during the licence transfer phase has set a strong foundation for rapid progress, with exploration and development activities expected to accelerate in the coming months.
Executive Chairman Timothy Morrison highlighted the significance of the swift government approval, noting it reflects the strategic importance of the project at both state and federal levels. As Trigg moves forward, the focus will be on consolidating land access agreements and delivering exploration results that can underpin future development decisions.
Bottom Line?
Trigg’s licence transfer approval unlocks a new phase of exploration, setting the stage for potential resource growth and market momentum.
Questions in the middle?
- How quickly can Trigg finalize land access agreements and commence drilling?
- What are the prospects for expanding tungsten credits alongside antimony at WCC?
- How will Trigg’s expanded tenure and capital position influence its competitive standing in the global antimony market?
