Trigg Minerals (ASX: TMG) has signed a binding purchase agreement with Bullseye Gold to acquire the ultra-high-grade Taylors Arm and Spartan Antimony Projects in northern NSW.
The Spartan Project covers parts of the Hillgrove Fault and the same rocks that host the adjacent Hillgrove Antimony-Gold Mining Operations, owned by Larvotto Resources (ASX: LVR).
The Taylors Arm Project includes Swallows Nest, Munga Creek, and Testers Mines, which have recently produced antimony. The latter features massive stibnite veins grading up to 63% Sb, Australia's highest-recorded antimony grade.
The projects comprise one granted tenement (EL 9668—Taylors Arm) and one pending tenement application (ELA 6801—Spartan) across 288 sq. km of the New England Orogen.
"Trigg's acquisition of ultra-high-grade antimony assets in NSW represents a transformative transaction for the company, significantly enhancing its strategic resource portfolio,” Executive Chair, Timothy Morrison, said.
“The move into the antimony space positions Trigg to capitalise on the growing demand for the critical mineral and strengthens our market presence. We can achieve a strong foundation for future growth and profitability with successful exploration."
The granted title (EL 9668) covers 71 historical workings in six mineral camps, including Taylors Arm, from which the project is named, Munga Creek, Toorooka, Pinnacles, Mistake Creek and Purgatory.
The Taylors Arm project saw antimony production during two crucial periods: World War II and the early 1970s. This production yielded economically significant grades of the metal.
Despite the widespread nature of these antimony occurrences, exploration efforts have mainly focused on these previously identified zones. There has been no modern, systematic exploration since at least the 1990s.
Trigg aims to broaden its scope by exploring the potential for larger-scale deposits across one or more of these occurrences. The goal is to unlock further economic value from this historically productive region.