Latest news with #TriggMinerals
The Guardian
4 days ago
- Business
- The Guardian
Push to reopen old mines in NSW in global race for critical minerals
Residents, local councils and environmental groups are calling for government intervention as exploration for the critical mineral antimony ramps up on the New South Wales north coast, citing concerns over the potential for contamination of the regional water supply. A swathe of exploration licences have been approved across the region in recent months, with one mining company, Trigg Minerals, establishing a 30-acre base at Wild Cattle Creek on the Dorrigo Plateau in preparation for drilling work. Antimony is a silvery, lustrous grey metalloid used in flame retardants, solar panels, alloys, batteries and military equipment. It's listed as a critical mineral by the US and the European Union. Australia has 7.7% of all global stores but makes up just 2% of all global production, according to Geoscience Australia. But locals on the Dorrigo Plateau are concerned about the risk of runoff from antimony exploration entering local waterways, particularly given the area's high rainfall and steep topography. Antimony levels above the Australian Drinking Water Guidelines (ADWG) were detected on two separate occasions at Shannon Creek Dam, a 30,000 megalitre water source for the Clarence Valley and Coffs Harbour regions, in March 2025. It followed torrential rain due to ex-tropical cyclone Alfred, which saw 1,000mm fall in seven days on an area which includes an old antimony mine site. With the exception of a period of exploratory drilling 15 years ago, the mine has not been active since the 1970s. The mayor of Clarence Valley council, Ray Smith, called on the NSW Environment Protection Authority (EPA) to provide a briefing to council on the risk of antimony projects in the vicinity of the water catchment. Trigg Minerals' managing director, Andre Booyzen, said the results were unrelated to his company's project. 'We haven't even started exploring; we are still working on getting access,' he said. Concerns have also been raised about the storage and transport of antimony samples, after a car and trailer crash on 22 April spilled antimony samples at Bielsdown Bridge in Dorrigo. The EPA confirmed that no debris from the crash entered waterways. Sign up to receive Guardian Australia's fortnightly Rural Network email newsletter Booyzen confirmed the incident but claimed there was 'no danger of anything getting polluted' as the antimony levels in the samples were 0.0001%. The Wild Cattle Creek area was mined on and off for antimony from 1890 until 1975, when falling prices forced the closure of the local industry. Trigg's Wild Cattle Creek project is 'probably the biggest undeveloped antimony resource in Australia, if not the world', Booyzen said. In a presentation to investors, delivered on YouTube, he said the deposit contained 1.5 million tonnes of mineral resource with an average grade of just below 2%. With prices skyrocketing from US$10,000 a tonne in 2023 to US$60,000 in May 2025, mining companies have their sights on the Dorrigo Plateau once more. Shelley Griffin lives next door to the land purchased by Trigg and has a disused mine site on her property. Anchor Resources, which sold the exploration licence for Wild Cattle Creek to Trigg in 2024, gained access to her land for exploratory drilling in 2009, despite her objections, and was later fined by the state government in 2012 for sub-standard remediation work. Samples from the drilling remain discarded on her property. She has been receiving letters and calls from Trigg since January but also plans to oppose its bid to access her land. 'When [Anchor] eventually left I thought this was the end, there is no more,' she said. 'Every year they haven't been on I have celebrated.' Also within the boundaries of Trigg's exploration licence is the Yammacoona Rural Co-operative, a 550-acre commune founded in 1980. Sign up to The Rural Network Subscribe to Calla Wahlquist's fortnightly update on Australian rural and regional affairs after newsletter promotion Founding member Simon Fraser said antimony mining was an 'existential threat' to the community. 'Aerial surveys have shown that there are significant deposits underneath Yammacoona,' he said. Gumbaynggirr elder Uncle Cecil Briggs, 86, said he was terrified of the prospect of mining in an area of special significance for his people. 'Mining is a destroyer of our country,' he said. 'It pollutes the water and it contaminates the air.' The ecologist Mark Graham, a former Coffs Harbour city councillor, said the steep terrain and extreme rainfall of the Dorrigo Plateau made the area particularly vulnerable to run-off from mining activities. 'There is no physical way to contain all runoff in such steep terrain and in extreme rainfall events so pollution of the drinking water catchment with antimony and other toxic elements such as arsenic is inevitable,' he said. Water test results provided to the local council by Anchor Resources in 2011 from creeks surrounding a historic mine site and contemporary exploration works at Wild Cattle Creek showed arsenic levels above ADWG levels at two sites, with four other sites showing high levels but not above Australian guidelines. Antimony was detected above ADWG levels at three sites. Booyzen said contamination risks can be effectively managed. 'There is always a danger of runoff from a mine, but you try to minimise the risk as much as you can through proper design, engineering and build quality,' he said. 'Even in huge rainfall events, the design of tailings dams, processing facilities etc means there is no release from the mine site at all.' Grassroots action group the Clarence Catchment Alliance has called for a permanent ban on all mineral mining activities in the catchment. 'The significant environmental, cultural and economic risks, including threats to water quality, biodiversity, endangered species, Indigenous cultural sites, water-based local industry and the health of local communities, demand urgent action,' coordinator Shae Fleming said. Fleming said flood zones and drinking water catchments should be 'clearly designated as no-go zones' for mining. A spokesperson for NSW Resources said the state has 'robust health and environmental regulations' to ensure community safety. The NSW natural resources minister, Courtney Houssos, declined to comment on the suitability of the Wild Cattle Creek project, but has previously expressed her vision for the state to become a 'leader in critical minerals exploration'. Douglas Connor is a journalist and editor on the NSW mid-north coast Sign up for the Rural Network email newsletter
News.com.au
6 days ago
- Business
- News.com.au
Resources Top 5: Firetail heats up, lifting gold exposure with US tier-1 acquisitions
Firetail has signed an option to acquire gold projects in tier-1 jurisdictions in the US A 400kg bulk sample from Jupiter deposit in WA has been sent to the Centre of Science and Technology of Minerals and Environment in Vietnam. Trigg Minerals reached a three-year high as it steps up quest for critical mineral antimony in the US Your standout resources stocks for Monday, June 2, 2025 At a time of strong gold prices, Firetail Resources will increase its exposure to the yellow metal through an option to acquire two high-grade gold projects in tier-1 jurisdictions in the US. Acquiring 80% of the Excelsior Springs project in Nevada and 100% of the Bella project in South Dakota will complement the company's flagship Skyline copper project in Newfoundland, Canada, and the Picha copper-silver play In Peru. Investors have greeted the news enthusiastically, sending share prices as much as 36.67% higher to 8.2c with almost 40m changing hands. Both gold projects have potential to stand on their own merits with Excelsior Springs sitting within the >40Moz Walker Lane Tectonic Zone and with historical production of 19,200oz at 41g/t gold from shallow underground workings. Bella lies within the world-class Homestake Gold Belt with a gold endowment of ~85Moz and is just 20km along trend from the Homestake mine which has produced ~42Moz. 'The acquisition of such high-calibre gold assets will complement our current portfolio and leverages off the board's strengths, enabling us to diversify our exposure to the prevailing strong gold and copper prices,' FTL managing director Glenn Poole said. FTL has the option to earn up to 80% in Excelsior Springs by paying the vendor an initial consideration of $200,000 in cash and 32m FTL shares along with a commitment to spend US$5m over a five-year period while for Bella, the company is paying the vendor $600,000 in cash and 17 million FTL shares with no work commitment. Non-executive director Simon Lawson, who is also executive chairman of gold developer Spartan Resources, said securing gold assets of this quality in two of the premier gold belts in North America was a major coup for Firetail. 'From my recent experience at Spartan Resources, the opportunity to discover high-grade ounces close to high-quality infrastructure can be a major value driver for a junior resources company – and both of these projects offer that opportunity in spades,' he added. Besides the historical production, drilling at Excelsior Springs also defined a gold mineralised zone striking >3km with a width of 200-400m across an east-west trend. Notable results include: 51.8m grading 4g/t gold from a down-hole depth of 39.6m including 6.1m at 16.3g/t from 42.7m; 33.5m at 5.35g/t gold from 41.2m including 10.7m at 15.99g/t from 41.2m; and 32m at 2.45g/t gold from 44.2m including 6.1m at 10g/t from 45.7m. Bella covers 110km of mapped banded iron formation with high-grade potential as evidenced by multiple >100g/t gold rock chip samples, similar to the main gold host at the Homestake mine. Drilling at the historical Standby Mine returned results topping up at a massive 12.2m at 46.62g/t gold including 1.5m at 343g/t. Channel sampling across the wider project returned multiple significant results such as 15m at 16g/t gold at the King of the West target, 10.7m at 13.3g/t (Yellow Bird), 29m at 11.3g/t (Gold King Mine) and 10.7m at 15g/t (Charter Oak Mine). 'The Excelsior Springs Project represents an advanced, drill-proven opportunity with gold from surface, and the mineralisation remaining open in all directions with the potential to deliver an expedited resource – reinforced by the presence of further historic mines within the mineral claim that highlight the potential precious metal endowment of the area,' Poole said. 'The Bella project sits in the shadow of a giant, with the Homestake mine being one of the most notable in modern history. 'The evidence we see on the ground – of extensive mineralisation-hosting Banded Iron Formation and multiple, significant grades occurring across the wider project area is highly encouraging. 'The opportunity to follow up on multiple, extensive, historically producing trends that have not been drilled in the modern era in a district known for its size and scale is hugely exciting.' On completing the option to acquire Excelsior Springs, FTL plans to carry out an extensional RC drill program to define width and grade of mineralisation along the prospective strike. Recent rock chip sampling returned assays of up to 6630g/t silver towards the eastern extent of the project area suggesting that a parallel structural trend supports a wider precious metal opportunity around the Blue Dick Mine in an area which is yet to be drill tested. At Bella, the company will carry out detailed mapping, sampling and geological modelling on completion of the acquisition aimed at improving the understanding of potential targets identified from geophysical surveys and historical mining records. Critica (ASX:CRI) (Up on no news) One of the strongest performers among junior resources stocks was rare earths explorer Critica, which jumped 76.92% to 2.3c with more than 129m changing hands. It follows the company last week revealing that it has sent a 400 kg bulk sample from the Jupiter deposit in WA to the Centre of Science and Technology of Minerals and Environment (CSTME) in Vietnam. This decision followed successful initial beneficiation work that achieved a better than 9x rare earth element (REE) upgrade. CSTME will use the bulk sample to refine the beneficiation processes and produce material for initial leach test work. The realisation of a 64% iron by-product via Wet Low Intensity Magnetic Separation, as part of the REE beneficiation process in CSTME's initial test work, also demonstrates the potential for by-product opportunities from Jupiter. Critica will continue to assess and refine these opportunities as part of the REE bulk sample test programs. The company also continues to receive support from Curtin University's Resources Technology and Critical Minerals Trailblazer program. Under this scheme, the company will submit a second bulk sample to the WA School of Mines at Curtin University to produce additional beneficiated material for future leach testwork. The Jupiter deposit includes more than 280,000 tonnes of contained heavy rare earth elements and the company is committed to work focusing on the key HREE zones. It is already Australia's largest and highest grade clay hosted rare earth deposit and is expected to see further resource growth as reconnaissance drilling tests numerous satellite targets within the province-scale Brothers REE project. Jupiter deposit in the Yalgoo area of Western Australia about 250km east of Geraldton benefits from existing mining precinct infrastructure, including proximity to the sealed Geraldton-Mount Magnet highway and the mid-west gas pipeline. The project, which contains low levels of thorium and uranium, is close to rare earth processing facilities, such as Lynas Rare Earths' concentrator at Mount Weld and Iluka Resources' planned facility at Eneabba. The initial discovery was announced in late 2023 and comprises clay-hosted rare earth mineralisation. In February 2025, Critica announced a global inferred resource of 1.8Bt at 1,700 ppm, including 520Mt at 2,200ppm total rare earth oxides. It contains 682,000t of magnet rare earth oxides (MREO) within the global resource. Rare earth export controls were announced in early April 2025 by China as a response to the US tariff trade war, with new controls targeting seven REEs including the HREEs which Jupiter contains. Trigg Minerals (ASX:TMG) (Up on no news) As it steps up the quest for critical mineral antimony in the US, Trigg Minerals reached a new three-year high of 10.25c, up 26.55% on the previous close on volume of more than 67m. The company is focused on the Antimony Canyon project in Utah with the intention of becoming a mainstay in the US critical minerals supply chain. A US-based exploration team has been mobilised to the site with maiden exploration to target several high-priority areas within and beyond the existing resource at Antimony Canyon. The area contains several historical mines, including Emma-Albion, Mammoth, Stebinite, Gem, Pluto and more. Trigg will assess potential of the historically productive antimony mines, which have had no modern exploration and very limited investigation along strike and at depth. The company sees an opportunity to define a materially larger resource using contemporary exploration methods. Alongside exploration, potential sites will also be assessed for the development of a smelter, as Trigg looks to secure its place in the US antimony supply chain. Antimony Canyon previously played a major role in securing domestic antimony during periods of conflict and Trigg plans to become a vertically integrated and dependable supplier of the mineral to the USA and greater western economy. Locksley Resources (ASX:LKY) (Up on no news) Locksley Resources was a stellar performer on the ASX during May, climbing from 1.8c on May 1, to 11.75c on the first day of training in June, a new high of almost three years. This was also an increase of 46.88% on the previous close with more than 57m changing hands. The primary catalyst for the most recent gain was a strongly supported placement with 36.67 million shares issued at 4c each to sophisticated and institutional investors resulting in $1.47m. Funds will be used to fund upcoming exploration, including drilling, at the Mojave rare earths and antimony project in California. The company's exploration team is mobilising to site to confirm priority targets and prepare for drilling to start. It will confirm and peg drill collar locations and access routes while the company waits for Bureau of Land Management approvals to be granted. Activities also include access routes and the engagement of earthworks and drill contractors to complete the drilling program. In addition, the team will conduct follow-up mapping and rock chip sampling across high-priority antimony, REE, polymetallic and copper targets. Further activities will include refining geophysical targets, additional surface sampling for geochemistry and structural mapping, and starting petrological studies to inform future metallurgical testing. Drilling is expected to begin in the September quarter and will focus on the El Campo prospect where six holes will be drilled to test TREO of up to 12.1% and the Desert Antimony Mine with three holes testing high-grade antimony mineralisation of up to 46%. Dateline Resources (ASX:DTR) Also having a strong month, rising from 0.9c on May 1 to 17c on June 2, was Dateline Resources, and the latest rise was a 75.26% jump on the previous close with more than 219m shares changing hands The latest rise was prompted by the start of a geochemistry and geophysics program at the Colosseum gold and rare earths project in California, USA, targeting new breccia pipes and REE bearing fenites. This comes after recent fieldwork and data reviews expanded the geological understanding of the Colosseum deposit, which is less than 10km north of the Mountain Rare Earth mine. A multi-pronged exploration program is being launched to 'stack the evidence' from geology, geochemistry and geophysics for drill targeting. A grid-based soil and rock sampling program will begin in mid-June 2025, spanning about four weeks while the company has engaged a geophysics firm to complete a magnetotelluric survey to aid in drill hole targeting. Dateline is finalising the design of a dedicated rare earths drilling program and will subsequently factor in additional evidence collected from the geochemistry and geophysics program. In June 2024, the company announced that Colosseum has a JORC-2012 compliant mineral resource of 27.1Mt at 1.26g/t Au for 1.1Moz. The existence of a viable gold system at Colosseum provides a strong foundation to pursue REE exploration with greater confidence.
News.com.au
25-05-2025
- Business
- News.com.au
Kristie Batten: Trigg surfs antimony wave amid demand swell
One of Australia's top mining journalists, Kristie Batten writes for Stockhead every week in her regular column placing a watchful eye on the movers and shakers of the small cap resources scene. Trigg Minerals (ASX:TMG) is building momentum in its aim to become a major player in the emerging antimony scene. The antimony price reportedly cracked US$60,000 per tonne last week, continuing an extraordinary run spurred by Chinese export restrictions. This month alone, Trigg has welcomed antimony experts Andre Booyzen as managing director and Wiehann Kleynhans as vice president, US downstream operations and acquired a new project in the US. Trigg executive chairman Timothy Morrison said Booyzen had made 'an immediate contribution to the team'. Boozyen was formerly vice president of Mandalay Resources Corp, the operator of Australia's only antimony mine, Costerfield in Victoria. 'We're going to do some great things over the next year or two,' he said on a webinar on Thursday. US footprint secured Last week, Trigg signed an agreement with EV Resources to acquire the Antimony Canyon project in Utah for $225,000 cash, $225,000 in shares and deferred consideration of $450,000 in cash or shares. The project, comprising 49 unpatented lode mining claims, sits 11 km east of the Antimony township. 'What other place do you want to be other than a town called antimony?' Boozyen said. Antimony Canyon has a non-JORC resource of 12.7 million tonnes grading 0.79% antimony for 100,300 tonnes of contained antimony, though that figure has not been updated since 1949. The project also hosts at least nine known historical mines, including the Emma-Albion mine, the largest historical antimony producer in the district. Trigg chief geologist Jonathan King said despite historical production, much of the original mineralisation remained in place. 'We love the prospectivity,' he said. 'We think there's an easy opportunity to grow this resource.' The company will begin fieldwork in the next week and hopes to be drilling by the end of the year or early next year. 'In terms of what is known about this area, it's just in its infancy,' King said. Boozyen said Trigg was hopeful of fast permitting given US President Donald Trump's emphasis on domestic production. He added that it was a good time to be in the US given that it was the largest consumer of antimony in the Western world and the company would look to build on its position over the next 6-12 months. Highest-grade resource Until last week, Trigg's main focus has been the Achilles project in New South Wales. According to Trigg, Achille's Wild Cattle Creek is Australia's highest grade primary antimony resource at 1.52Mt at 1.97% antimony containing 29,902 tonnes of antimony. The company claims it is also Australia's widest antimony resource with average mineralised width of 20m, exceeding typical narrow vein-hosted antimony deposits in the region, which also includes Larvotto Resources' Hillgrove. A recent review of historical sampling returned grades of up to 27.6% antimony outside the resource. Trigg is planning to update the resource. The NSW government recently approved the transfer of the Wild Cattle Creek tenement to Trigg, allowing for field work to get underway. During the March quarter, Trigg also acquired the Nundle, Upper Hunter, and Cobark/Copeland projects, which hosts chip samples of up to 61% antimony and 1045 grams per tonne gold, with over 60 historical gold occurrences and total historical production of more than 300,000 ounces of gold. Shares in Trigg rose by more than 50% last week on the positive momentum. On Thursday, East Coast Research analyst Michael Jarvis lifted its price target for Trigg by 18% to 19.2c, which is still more than three times the current share price. 'This re-rating reflects Trigg Minerals' achievement of key milestones, including compelling MRE upgrades for the Wild Cattle Creek deposit, strategic new high-grade antimony and gold deposit acquisitions in the New England Orogen, and positive corporate changes such as the appointment of a seasoned managing director,' he said. 'These advancements significantly de-risk the company's growth trajectory and enhance its value proposition in the strengthening critical minerals market.'
