Australian (ASX) Stock Market Forum

TMG - Trigg Minerals

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1.2c before TH, new shares at an issue price of $0.008 per share. Sounds desperate.

HIGHLIGHTS
• The Company is pleased to announce that binding commitments have been received for a share placement to sophisticated, professional and institutional investors, which received strong interest, allowing the Company to raise $600k.
• Funds will be used to progress exploration activities at the Company’s Queensland Drummond Basin Project. In particular the funds will allow additional holes to be drilled in our newly discovered SW Limey target.

Trigg’s Chairman, Timothy Morrison:
“We are pleased to have raised funds successfully from existing shareholders and new investors via the share placement. In the light of our recently announced geophysical results we are excited to have received support to apply additional resources to ramp up exploration activities at the Drummond Basin Project”.
 
Dona Ferentes said:
1.2c before TH, new shares at an issue price of $0.008 per share.
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the placement to sophs, mates and assorted hangers-on picked up $600k with an additional $200k added to the bucket. Potash is out and Druumond tenements the new focus..

• Trigg continued to look for opportunities to divest its portfolio of SOP assets, as part of this process Trigg undertook initial rehabilitation reconnaissance activities in the quarter.
• Trigg also actively reviewed a number of new acquisition opportunities during the quarter.

CORPORATE
• Cash at bank as at 30 June 2024 of $1.6m
• Placement to raise $800,000 to fund exploration activities at Drummond Project, Queensland announced in July.
 
Dona Ferentes said:
placement to sophs, mates and assorted hangers-on ... Potash is out and Drummond tenements the new focus..
• Trigg continued to look for opportunities to divest its portfolio of SOP assets.
• Cash at bank as at 30 June 2024 of $1.6m
• Placement raised $800,000 to fund exploration activities at Drummond Project, Queensland in July.
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Trigg has gone from 1.2c to 1.9c during the week on no news.

I'd say a +ve Ann. then cap raise due to land soon.
 
Dona Ferentes said:
Trigg has gone from 1.2c to 1.9c during the week on no news.
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now 2.4c.

and it's Antimony now!

HIGHLIGHTS
• Trigg’s Bosworth (EPM 28419) and contiguous West Ravenswood projects (EPM 27752) are located between several multi-million-ounce intrusion-related and orogenic gold deposits, with more than 20 Moz gold endowment in the regional hinterland
• Economic grades of antimony (up to 2.3% Sb) have been discovered in the epithermal gold and polymetallic mineralisation at Police Creek
• Three overlapping deposit styles are recognised at Drummond: intrusive-related gold, orogenic gold and epithermal gold
• China, the world’s biggest producer of antimony, has placed export bans on some antimony products from September 2024, due to its use in defence and military applications
• Antimony is on the Critical Mineral lists of countries including Australia, the USA, Canada, Japan and the EU
• Trigg to immediately follow up with further exploration targeting antimony-gold related mineralisation
• Drilling at Trigg’s SW Limey target at Drummond is expected to commence next week ⬇️
Dona Ferentes said:
I'd say a +ve Ann. then cap raise due to land soon.
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⬆️
 
Dona Ferentes said:
.
and it's Antimony now!
.
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all aboard the Sb express
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TRIGG ACQUIRES ULTRA HIGH-GRADE ANTIMONY PORTFOLIO,
GRADING UP TO 63% ANTIMONY​

HIGHLIGHTS
• Trigg signs a binding purchase agreement to acquire 100% of the Spartan and Taylors Arm Antimony projects in northern NSW after completing due diligence. The projects are in the New England Orogen and are considered highly prospective for antimony ± gold mineralisation.
• Taylors Arm Antimony Portfolio features 71 historical workings on granted EL have produced ultra- high-grade antimony. The portfolio includes:
▪ Swallows Nest Mine – extracted antimony from 1940 to 1955 at a 40% antimony (Sb) concentration and 30% Sb on reopening in 1972. Recent rock samples revealed extremely high-grade antimony mineralisation with grades of 29.8% Sb and 31.4% Sb.
▪ Testers Mine – featured massive stibnite veins grading up to 63% Sb, Australia's highest-recorded antimony grade.
▪ Little Purgatory Mine – stockpile samples produced antimony with grades up to 27.7% Sb.
▪ Real McKay Mine – recent exploration identified a stibnite-bearing fault breccia hosting high-grade antimony mineralisation, reporting 15.2% Sb and 52.7% Sb.
▪ Taylors Arm Portfolio contains various other historical workings /prospects with antimony grades up to 20.6% Sb (Walfords Claim), 27.5% Sb (Neil & Taylors Prospect), 18.3% Sb (Bowraville), and 17.7% Sb (Kia Ore Mine).
• Spartan Antimony Project – immediately adjacent to Larvotto Resources' (ASX: LRV) licences containing its Hillgrove Antimony-Gold operation, covering parts of the Hillgrove Fault and the same rocks that host the Hillgrove deposit.
• and
• Trigg has an established exploration team and is funded to commence exploration activities immediately.
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material terms of the Acquisition are as follows:
a) Counterparty: Bullseye Gold Pty Ltd (ACN 640 740 576)
b) Assets being acquired: the Spartan and Taylors Arm Projects
c) Consideration: 106,250,000 fully paid ordinary shares in TMG equal to $850,000 (subject to receipt of shareholder approval).
d) Escrow: Fifty per cent (50%) of the Shares will be subject to a voluntary escrow for six months from the date of issue.
 
now $0.03 ... has been on way up this month

Now, a trading halt is requested pending an announcement regarding a proposed acquisition.
 
Big acquisition Antimony project in NSW

2 acquisitions during the month

Latest Acquisition

JORC resource of 610 000t at 2.56% for 15 600t of Antimony

This is a very large resource and is open to expansion
 
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