Trigg Minerals (TMG ASX) has inked an agreement to acquire 49 unpatented lode claims over its Antimony Canyon Project (ACP) in Utah. The deal fast-tracks access to the largest, highest-grade antimony resource in the United States.
According to a 1949 U.S. Bureau of Mines report, the historical foreign estimate sits at 12.7 million tonnes grading 0.79% antimony. That equates to 100,300 tonnes of contained metal. Trigg plans rapid validation work to support a JORC-compliant Mineral Resource Estimate.
To learn more about Antinomy, also known as Stibnite (element Sb), see our article called Antimony (Sb): The Overlooked Strategic Metal – Stock Surge.
Top-Tier Jurisdiction
Utah ranks as the world’s leading mining investment jurisdiction in the Fraser Institute Survey. Trigg gains immediate exploration access across a 5 km by 3 km mineralised zone. Historic mines in the camp include Emma, Mammoth and Nevada, all with grades well above 1.5% Sb.
“These assets significantly enhance our antimony portfolio,” said Managing Director Andre Booyzen. “They align with our growth strategy in critical minerals and North American supply security.”
Strategic Fit and Funding
The acquisition complements Trigg’s Wild Cattle Creek antimony deposit in NSW. It also diversifies its footprint into tier-one jurisdictions. Trigg enters the deal with a robust cash balance to advance both projects concurrently.
Consideration comprises AU$225,000 cash on signing, AU$225,000 in Trigg shares at completion, and AU$450,000 deferred in cash or shares upon a JORC resource announcement. Completion is set for 20 business days after execution.
Historical Upside
The foreign estimate covers just a handful of legacy workings. Systematic evaluation of the full claim block could uncover a materially larger resource. Trigg will deploy geological mapping, geochemical sampling, geophysics and drilling to delineate mineralisation.
Emma Mine averages 1.5% Sb, with zones up to 2.2%. Mammoth averages 1.5%, peaking at 2.4%. Nevada averages 2.2%, with pockets at 3.6%. The project’s talus slopes also hold untested stibnite-rich debris.
Next Steps
Trigg will start verification drilling and data validation immediately. The goal is a maiden JORC resource by mid-2026. If successful, the project could emerge as a North American domestic antimony supplier.
Consideration – revisited
- A$225,000 cash payable at the date of execution of the agreement.
- A$225,000 in fully paid ordinary shares in Trigg to be issued at deal completion.
- A$450,000 in either cash or fully paid ordinary shares in Trigg (at Trigg’s election) payable on the announcement of a JORC-compliant resource for the project.
The TMG ASX page is here.
