viewTrigg Mining Ltd

Trigg Mining delivers maiden Lake Rason SOP resource just five months after IPO

The company’s SOP projects benefit from established energy and transport infrastructure for access to Australian and international agriculture markets.

Trigg Mining Ltd - Trigg Mining announces maiden mineral resource at Lake Rason Sulphate of Potash Project
The resource has been estimated at 6 million tonnes with an average grade of 5,080 milligrams/Iitre SOP

Trigg Mining Ltd (ASX:TMG) has delivered a maiden drainable inferred mineral resource of 6 million tonnes of drainable sulphate of potash (SOP) with an average grade of 5,080 milligrams per Iitre at its Lake Rason project in Western Australia.

Total contained SOP in the brine volume is 25 million tonnes and there is further potential to expand the resource to the west where higher grades have been encountered and two additional tenement applications have been made.

This resource will underpin Trigg's ongoing studies on the potential for Lake Rason to form part of a broader future SOP production hub strategy based around the high-grade Lake Throssell discovery.

"First major milestone"

Trigg Mining managing director Keren Paterson said: “In just five months since listing Trigg Mining on the ASX, we’ve achieved the first major milestone in the development of our portfolio of SOP projects near Laverton in Western Australia with the announcement of an inaugural inferred mineral resource at Lake Rason.

“This demonstrates the excellent potential of our SOP projects and provides a solid platform for us to evaluate the broader potential of a new SOP production hub centred on our Lake Throssell discovery with Lake Rason likely to become a satellite or feeder project to what appears to be the high-grade proposition at Lake Throssell to the north.”

The maiden inferred resource represents the mid-point of the company’s previously published exploration target for the Lake Rason project.

The company's SOP projects are near established infrastructure

Lake Throssell drilling

Previous auger sampling at the 752 square kilometre Lake Throssell project indicated very high SOP grades of up to 14,800 milligrams/Iitre SOP.

The company plans to undertake an aircore drilling program to follow-up these results.

Paterson said: “We are currently preparing for a major new aircore drilling program to further evaluate the Lake Throssell project, with drilling targeted to commence next quarter.

“We look forward to providing further information on the upcoming drilling program in the near future.”

The goal of this drilling is to underpin a potential JORC-compliant resource estimate, pending results, in the second half of 2020.

Quick facts: Trigg Mining Ltd

Price: 0.145 AUD

Market: ASX
Market Cap: $9.02 m

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on 12/8/20

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