Trigg Minerals (ASX:TMG) is set to update the mineral resource of the Wild Cattle Creek deposit within its recently acquired Achilles antimony project in New South Wales, according to a Tuesday filing with the Australian bourse.
Based on the previous mineral estimate made in 2013, the miner believes that Wild Cattle Creek is the "highest-grade undeveloped antimony project in Australia" containing 15,600 tonnes of antimony, the filing said.
The price of antimony has jumped 150% since the last estimate was made for the deposit.
Shares of Trigg Minerals rallied 13% at market close on Tuesday.
Price (AUD): $0.03, Change: $+0.0040, Percent Change: +13.33%
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