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Trigg Mining chairman increases shareholding following IPO

Trigg listed on the ASX last week after raising $4.5 million in an initial public offer (IPO) priced at 20 cents per share.

Trigg Mining Ltd - Trigg Mining chairman increases shareholding following IPO
Drilling is planned this quarter at the Laverton Links Potash Project

Trigg Mining Ltd (ASX:TMG) non-executive chairman Mike Ralston has increased his shareholding in the company by acquiring shares and options in an off-market purchase.

Ralston acquired 1.25 million shares and 625,000 options at the IPO issue price of 20 cents per share.

This increases his total holding in the company to 4.725 million shares and 1.06 million options.

Focused on two potash projects in WA

Trigg has two key assets being the Laverton Links and Lake Throssell sulphate of potash (SOP) projects in Western Australia.

The Laverton Links and Lake Throssell Potash Projects cover 2,640 square kilometres and are prospective for brine hosted SOP.

The Laverton Links Potash Project comprises three prospects (Lake Rason, Lake Hope Campbell and East Laverton) and is the company’s most advanced project.

Notably, the Lake Rason prospect has a JORC compliant Exploration Target of 2.5-9.0 million tonnes of SOP grading 4.3-6.3 kilograms per cubic metre SOP.

Drilling planned this quarter

At the Laverton Links Potash Project, Trigg’s strategy is to focus exploration activities on the more advanced Lake Rason and Lake Hope Campbell prospects.

The objective is to expand the Exploration Target and progress towards the estimation of a JORC resource and possible processing flow sheet options for the brine.

Quick facts: Trigg Mining Ltd

Price: 0.042 AUD

ASX:TMG
Market: ASX
Market Cap: $1.69 m
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