Trigg Minerals (ASX:TMG) has secured the acquisition of the highly prospective Taylors Arm and Spartan Antimony projects in northern New South Wales.
The binding purchase agreement with Bullseye Gold entails 100% ownership of the projects, bolstering Trigg's strategic resource portfolio significantly.
The Taylors Arm Project features 71 historical workings noted for high-grade antimony concentrations.
Highlights include the Testers Mine, which boasts antimony grades up to 63%, Australia's highest recorded.
Similarly, the Swallows Nest Mine recorded antimony grades of 40% during its initial operations.
Trigg Minerals Executive Chair Timothy Morrison stated, "Trigg's acquisition of ultra-high-grade antimony assets in New South Wales represents a transformative transaction for the Company, significantly enhancing its strategic resource portfolio."
He added, "The move into the antimony space positions Trigg to capitalise on the growing demand for the critical mineral and strengthens our market presence."
The adjacent Spartan Antimony Project, located near Larvotto Resources' Hillgrove Operation, further extends Trigg's exploration reach.
The combination of the assets places Trigg favourably against a backdrop of rising antimony prices following China's export ban on antimony products.
Trigg Minerals is an exploration and development company focused on gold and base metals exploration in the Drummond Basin and Charters Towers region of northern Queensland.
The company owns 100% of the Drummond epithermal gold project, which incorporates five granted exploration permits covering approximately 540km2 in the Drummond Basin, over 150km south of Townsville, Queensland.