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:
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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
 
Dona Ferentes said:
now $0.03 ... has been on way up this month

Now, a trading halt is requested pending an announcement regarding a proposed acquisition.
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made it to 3.6c ... and back to 3.0c

now in TH pending strategic capital raising ... took a while!
 
Dona Ferentes said:
.. and back to 3.0c

now in TH pending strategic capital raising ... took a while!
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... at 2.5c a share

EDIT ... opened at 2.9c

HIGHLIGHTS
• Trigg has received firm commitments raising a total $2.5 million, cornerstoned by several large Australian and international institutions.
• Strong news-flow expected throughout 2024-2025 with plans to restate the Mineral Resource Statement at Achillies Antimony project, with the advancement of exploration and drilling, which will provide significant exploration upside and expansion potential.
• Proceeds to underpin the advancement of the high-grade Achilles Antimony project, Taylors-Arm and Spartan Antimony projects, potential project opportunities and general working capital requirements.
• Antimony prices have now surged to ~US$29,000 per metric ton, marking an increase of over 100% in the past year
 
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$0.031

DISTRICT SIZE EXPANSION OF TRIGG'S ULTRA HIGH-GRADE ANTIMONY PORTFOLIO​
HIGHLIGHTS
• Trigg enhances its antimony portfolio by entering into binding purchase agreements to acquire 100% of the Spartan West and Taylors Arm East Antimony applications (ELAs 6802 and 6821). The projects are in the New England Orogen in northern NSW, and are considered highly prospective for antimony ± gold/silver mineralisation.
• The combined acquisition cost of both projects is $10,000 cash + $225,000 worth of shares at a deemed issue price of $0.05, equating to 4,500,000 TMG shares with 6-month voluntary escrow.
 
and still heading N

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SW LIMEY DRILLING COMPLETED – DISCOVERY OF A NEW EPITHERMAL SYSTEM ALONG PREVIOUSLY UNTESTED STRUCTURE​
HIGHLIGHTS
• Trigg has completed three holes of a planned six-hole program to test IP anomalies identified in June 2024 at SW Limey and Breccia Hill (refer ASX release 02 July 2024).
• SW Limey features a Pajingo analogue that has never been drill tested – with historical vein sampling yielding gold results as high as 54.4g/t Gold.
• The first RC/DD drill hole at SW Limey (LMRD001) has intersected a significant zone of alteration from 160m to the EOH at 402m and remains open at depth.
• Preliminary geological logging indicates the presence of a new epithermal system that intensifies to the east and north.
• Sampling has been completed, and assay results are expected late in Q4 CY 2024.
• Concurrently, Trigg is advancing its high-grade Wild Cattle Creek antimony deposit and Taylors Arm antimony portfolio and will update the market in due course.
 
no stopping... 5.1c

1. Does TMG consider the Drill Hole Results to be information that a reasonable person would expect to have a material effect on the price or value of its securities?
No.

2. If the answer to question 1 is “no”, please advise the basis for the view commenting specifically on the security price increase and volume of securities traded on Monday, 28 October 2024.
TMG does not consider the Drill Hole Results to have a material effect on its securities' price or value. Notably, TMG’s Achilles Project, which includes one of the highest-grade antimony deposits globally, has generated significant international interest due to high antimony prices and the project's substantial potential for expansion. Investors may have responded to recent announcements, which highlighted the acquisition of the Achilles Project (refer ASX 30/9/2024) and the Company's active steps toward a JORC-compliant resource restatement at the Wild Cattle Creek deposit (refer ASX 8/10/2024). Given TMG’s disclosure of plans to update and expand this resource in a strengthening antimony market, it is plausible that these factors contributed to the increased trading activity observed on 28 October 2024. However, the restated resource is still confidential and incomplete, and any potential impact on valuation remains speculative until the completion and announcement of the updated resource.

3. When did TMG first become aware of the Drill Hole Results referred to in question 1 above?
TMG first became aware of the Drill Hole Results referred to in question 1 on 27 October 2024. At this point in time, the Drill Hole Results were insufficiently definite to warrant disclosure for the reasons set out in the response to question 5 below.

4. When did TMG receive the Drill Hole Results for LMRD001, LMRD002 and LMRD003?
In answering this question please provide the date and time. TMG received the Drill Hole Results for LMRD001, LMRD002 and LMRD003 on 27 October 2024 at 4:15 pm (AWST).

5. If TMG first became aware of the Drill Hole Results referred to in question 1 before the release of the Announcement, did TMG make any announcement prior to the time which it disclosed the information? If not, please explain why the information was not released to the market at an earlier time, commenting specifically on when you believe TMG was obliged to release the information under Listing Rules 3.1 and 3.1A and what steps TMG took to ensure that the information was release promptly and without delay.
As noted in the responses to questions 3 and 4, TMG became aware of the Drill Hole Results before the release of the Announcement. TMG did not make any announcement prior to the time which it disclosed the information because once results of this nature are received by the Company, they are processed by TMG’s geological team and the information treated as confidential. The results are compiled, validated and interpreted in the context of other drill results from the drill program to date. The significance of the Drill Hole Results could only be determined once this process has been completed.
In accordance with Listing Rule 3.1A, the Drill Hole Results were insufficiently definite to warrant disclosure at the time TMG became aware of the results. The Drill Hole Results were compiled, validated and interpreted in accordance with the process set out above, a draft ASX announcement prepared and reviewed by the Board and the Competent Person, with the consent of the Competent Person for inclusion of the Drill Hole Results in the final ASX announcement received at approximately 7:36 am (AWST) on 28 October 2024.
In accordance with Listing Rule 3.1, once the materiality of the Drill Hole Results was determined (following the prompt compilation, validation and interpretation of the results), the Drill Hole Results were released to the market.

6. Noting the significant volume of securities traded prior to the release of the Announcement on Monday, 28 October 2024, did TMG consider whether a trading halt in its securities was necessary in order to manage its continuous disclosure obligations?
The Company advises that the Drill Hole Results were the subject of strict security and confidentiality protocols until they were released. As demonstrated by the response to question 5, once the Drill Hole Results TMG announced the information to the market promptly and without delay. TMG therefore considers its continuous disclosure obligations were adequately managed.
The Company notes that it maintains strict security and confidentiality protocols in regard to drill results. In particular:
• TMG treats the security and confidentiality of all drill results with the upmost importance to enable the Company to adhere to its continuous disclosure obligations by announcing
the outcome of a drilling program once sufficient information has been received to allow a meaningful interpretation of the results.
• Until release on the market announcements platform, the results of drilling are only known by the Company and contractors/consultants under appropriate confidentiality agreements.
• Data is stored on secure servers with access limited to TMG’s geological team.
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Trigg Minerals raises $5 Million with strong support from Strategic Investors and Global Funds​

HIGHLIGHTS
• Trigg has received firm commitments for a $5 million Placement, cornerstoned by existing and new institutional and sophisticated investors.
• The Placement was well supported (and therefore required significant scaling) with strong institutional demand, reflecting high investor confidence in Trigg’s strategic direction.
• Strong news-flow expected throughout 2024-2025 with plans to restate the Mineral Resource Statement at Achillies Antimony project, with the advancement of exploration and drilling, which will provide significant exploration upside and expansion potential.
• Proceeds to underpin the advancement of the high-grade Achilles Antimony project, Taylors-Arm and Spartan Antimony projects, potential project opportunities and general working capital requirements.
• Antimony prices have now surged to ~US$38,000 per metric ton, marking an increase of over 233% in the past year
 
am trying to sort out the real story .... Trigg was heavily mentioned in an AFR story , excerpts below

Australia’s first convicted pump and dumper is behind two companies trying to secure mining exploration licences on NSW’s north coast....
....Gabriel Govinda, also known as Gabriel Hewitt and Gabriel Govinda Hewitt, is the ultimate shareholder of Pinpoint Prospecting and Historic Gold Mines via a series of companies...
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...Govinda’s conviction involved hyping up largely minnow ASX resources stocks between September 2014 and July 2015 via the day-trading forum Hot Copper under the online identity Fibonarchery. He used 13 different trading accounts, held in the names of relatives and friends, to manipulate 20 different listed stocks....
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...In October, Trigg acquired exploration applications on the NSW Mid North Coast from Pinpoint Prospecting and Obscure Metals, another company leading back to Govinda via Historic Gold Mines, for 4.5 million shares and $10,000 cash.
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Trigg also bought a tenement and exploration application from Bullseye Gold in September for 106 million shares. Bullseye, via another company, is owned by Julia Beckett, an associate for Govinda. Ms Beckett is on the board of a number of Govinda’s companies. Her company, Weyburn, bought Bullseye from Govinda’s Aerobotics in August. Aerobotics is the ultimate shareholder of Pinpoint and Historic Gold Mines. Trigg issued shares to Weyburn at 0.008¢. Shares were trading around 0.02¢ when the deal was announced.
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“Trigg Minerals Limited considers that it has undertaken, and continues to undertake, appropriate due diligence in relation to the proposed acquisitions from Pinpoint Prospecting Pty Ltd, Obscure Minerals Limited and Bullseye Gold Pty Ltd,” Trigg executive chairman Timothy Morrison said.

He said the company’s share price was 0.008¢ when commercial terms were negotiated with Bullseye, and that Trigg believes its share price between then and when it announced the deal was down to an announcement earlier in September that it was commencing drilling at another site.
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www.afr.com

Pump and dumper behind NSW mining application wave

Gabriel Govinda denies his companies are spruiking stock they receive for selling exploration licences. Residents and politicians are concerned about the convicted pump-and-dumper’s involvement in mining projects along the NSW north coast.
www.afr.com www.afr.com
 
on the resource side .. 4.1c and heading higher?

UPDATED MINERAL RESOURCE ESTIMATE FOR WILD CATTLE CREEK ANTIMONY DEPOSIT BOOSTED BY 92%

HIGHLIGHTS
• Wild Cattle Creek deposit at the Achilles Project, confirmed as a significant antimony deposit, demonstrating high-grade and high-tonnage potential.
• Trigg's updated Mineral Resource Estimate, based on a 1% antimony (Sb) cut-off, comprises:
▪ 1.52Mt at 1.97% Sb, containing 29,902 tonnes of antimony, classified as Indicated and Inferred, and reported in accordance with the 2012 JORC Code & Guidelines representing an increase of ~92% from the 2013 estimate.
▪ The updated MRE retains the high-grade 1% cutoff and excludes Tungsten and Gold, which present additional upside potential. Trigg plans to evaluate the contribution of Tungsten and Gold in a future MRE.
• Resource modelling highlights multiple high-grade (>1.6%) 'shoots' that remain open either down-dip or along strike.
• The deposit has been mostly drilled to a vertical depth of 100 metres and remains open down-plunge and along strike, highlighting the substantial growth potential still available at the Wild Cattle Creek deposit.
• The Achilles license also features numerous other antimony prospects with high grade antimony drill intersections outside the 2024 MRE providing immediate priority targets to expand the MRE.
• Multiple stibnite mineralisation styles result in a combined across-strike thickness averaging 74m.
• The deposit is hosted within a 6 km long, largely untested structure, with potential repetitions along strike and elsewhere on the Achilles lease area.
• Trigg diligently reconstructed and validated assay and collar data in the drilling database, enhancing its quality and accuracy and substantially improving the model's resolution.
• Trigg will leverage geophysics to support a Pathway Study to evaluate a 100Kt resource base objective.
 
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