Trigg Mining (ASX: TMG, market cap: $5.4M)
Keren Paterson - Managing Director
Since making its debut on the ASX last October, Trigg Mining has made strong progress towards its goal of becoming an important new source of Sulphate of Potash (SOP) supply in Western Australia.
SOP – a fertiliser that provides vital nutrients for agricultural production – is particularly important for crops such as fruits and vegetables, avocados, berries, coffee, cocoa, flowers and any crops grown under glass. Australia currently relies on imports of potash fertiliser for its agricultural production, and Trigg sees a compelling opportunity to establish a reliable and sustainable source of local SOP supply.
Trigg’s core focus is on the Lake Throssell Project, located 170km east of Laverton in WA, where the Company has confirmed a new high-grade SOP discovery. Initial auger sampling delivered high-grade results, with a subsequent ground gravity survey confirming the presence of several interpreted palaeovalley positions underlying the high-grade areas. Trigg believes these targets have strong potential to host large-scale SOP mineralisation, particularly given that similar systems in the region are currently subject to mining studies.
An initial program of helicopter-supported shallow rotary drilling was completed in late July to test the lake surface, with an in-fill gravity survey underway and aircore drilling also planned. Results from the heli-drilling and gravity survey are expected in the near future.
These programs should underpin strong news flow over the next few months, and if successful, will underpin the delivery of a maiden Mineral Resource for Lake Throssell.