Trigg Minerals Limited (ASX: TMG) has taken another step forward in its expansion into the critical minerals sector, announcing the acquisition of the Bukkulla Antimony Project and an extension to the Nundle Goldfield in New South Wales. This move strengthens Trigg’s foothold in the high-grade antimony space, adding to its Achilles, Taylors Arm, and Spartan projects.
The Bukkulla mine, historically known for exceptionally high antimony grades exceeding 25% Sb, further cements Trigg’s status as an emerging player in the sector. Recent rock chip sampling at Bukkulla returned 23% Sb, reinforcing the deposit’s high-grade potential.
Executive Chairman Tim Morrison described the acquisition as a “strategic expansion”, highlighting Trigg’s focus on targeting underexplored, highly prospective regions with known historical production.
“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.”
Trigg’s timing couldn’t be better. Antimony prices surged 200% in 2024, driven by supply constraints and heightened demand for military applications, flame retardants, and battery technologies.
China, which dominates global antimony production, recently imposed export restrictions, further tightening supply. This has created opportunities for non-Chinese producers like Trigg to establish themselves as key suppliers in Western markets.
Adding to its strategic momentum, Trigg is also pursuing a secondary listing on the OTCQB in the U.S., allowing American investors to trade the company’s shares in USD and during U.S. market hours. Morrison noted that this move aligns with increasing U.S. demand for critical minerals, particularly in light of strategic alliances between Australia and the U.S. on supply chain security.
With no modern exploration conducted at Bukkulla or its adjacent tenements, Trigg is preparing an aggressive exploration roadmap that includes:
The company is also advancing work at Achilles, which remains Australia’s second-largest known antimony deposit, and is continuing its efforts to capitalise on the growing global demand for non-Chinese critical mineral sources.
With a strong pipeline of exploration assets, a growing presence in the U.S. market, and rising antimony prices, Trigg Minerals is positioning itself as a key Australian player in the rapidly evolving critical minerals sector.