Trigg Minerals Ltd. (ASX: TMG) engages in the exploration and development of brine-hosted fertiliser minerals that are critical to produce high-nutrient food sources. It operates through the Mineral Exploration and Corporate Administration segments. Its portfolio consists of the Lake Throssell, Lake Yeo, and Lake Rason Sulphate of Potash Projects. The company was founded by Keren Paterson on February 26, 2014, and is headquarters in Perth, Australia. Trigg has announced a strategic expansion of its critical mineral portfolio with the acquisition of the ACP. This move marks significant milestone in Trigg’s ambition to become a key player in the antimony supply chain, a mineral increasingly vital to global technology and defence applications.
Strategic Significance
This acquisition complements Trigg’s existing Wild Cattle Creek project in New South Wales and extends its footprint into tier-one jurisdiction. According to Managing Director Andre Booyzen, the deal provides Trigg a compelling platform to deliver on its strategy to develop a robust domestic supply of antimony.
The Antimony Canyon Project, also referred to as Coyote Canyon, covers a structurally complex 5×3 km area historically mined for stibnite (Sb2S3) hosted within the Flagstaff Formation. The site’s geological potential is bolstered by the extensive talus slopes and legacy workings that remain underexplored.
Deal Structure
Trigg Minerals has entered into a binding agreement to acquire 100% of Monomotapa Investments Inc., a wholly owned U.S. subsidiary of EV Resources Limited, which holds the 49 unpatented lode mining claims comprising the Antimony Canyon Project in Utah.
The AU$900,000 transactions comprise an upfront cash and share payment of AU$450,000 and a deferred AU$450,000 payable upon publication of a JORC-complaint resource within four years. The acquisition was made via Monomotapa Investments Inc., a U.S. subsidiary of EV Resources Limited.
Next Steps and Market Outlook
Exploration activities will begin in 2025, pending regulatory permissions. The program aims to unlock additional resource potential by targeting under-assessed historical mine sites. The company will fund this initiative using existing working capital.
With rising global demand for antimony – driven by its use in semiconductors, flame retardants, and battery technologies – Trigg’s timely acquisition positions it as a forward-looking explorer aligned with the global shift toward critical mineral security.
