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Trigg Minerals (ASX:TMG) is adding a district-scale antimony venture in the U.S. to its burgeoning portfolio, this week picking up a 100% interest in the Central Idaho Project for US$4.97 million over seven years.
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This content has been prepared as part of a partnership with Trigg Minerals Ltd and is intended for informational purposes only.
The move sees Trigg pick up land in the middle of Elmore County, a tier-one mining jurisdiction, and lines up perfectly with the company’s strategy to become a leading supplier of conflict-free critical minerals in the West. Trigg already boasted projects in Utah (antimony) and Nevada (tungsten).
“It is exceptionally rare to secure a project of this scale in a tier-one jurisdiction, particularly with assays up to 17.6% antimony and multiple high-grade gold results confirming the presence of a robust mineralising system,” Trigg’s managing director, Andre Boyzen, declared in an update today.
The company was eager to scoop up the project on its “potential for both high-grade, direct-shipping material and larger, bulk-tonnage targets.”
“With no current U.S. production of antimony and a minimal historical environmental footprint, we see a clear pathway to development,” Mr Booyzen added.
The CIA Project is made up of 52 unpatented lode mining claims, which hands Trigg a controlling position in the Swanholm Mining District. Early sampling has already returned significant results, including assays up to 17.6% antimony and gold grades of up to 12 grams per tonne from historical workings.
Geological similarities to Perpetua Resources’ Stibnite Gold Project, about 80 miles north, support the potential for a large, bulk-mineable system.
Historical exploration also confirmed widespread hydrothermal alteration and mineralisation. Permitting may be streamlined, too, Trigg advised, thanks to the absence of any on-site historical processings.
“Early discoveries at the A47 Showing and other prospects highlight the significant untapped potential of the land package,” Mr Booyzen explained.
Systemic exploration is next up in Trigg’s plans – and the company has the cash to run the program after Tribeca Investment Partners recently stepped in with a $5M placement in return for shares and several three-year-long options.
There are some outgoing expenses on the docket, too, though, with Trigg now on the hook for $50K to Wyoming Mines in CY25. The remainder of the US$4.97M will be paid through to 2032, with the last cost a $3M bundle in year seven. Trigg has also agreed to staged minimum work expenditures up to $2.5M.
TMG jumped on the news, advancing +4.8% in the first hour.
The company’s currently selling at 11cps; year-to-date has seen +189% gains.
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