THE DRILL SERGEANT: Trigg Mining (ASX: TMG) released results of a Scoping Study completed on the company’s 100 per cent-owned Lake Throssell Sulphate of Potash (SOP) project located in the Eastern Goldfields of Western Australia.
Trigg Mining explained the Study was underpinned by the upgrade of a portion of the total drainable Mineral Resource to the Indicated category.
A total drainable Indicated Mineral Resource estimate of 4.2 million tonnes of SOP at 4,770mg/L potassium (or 10.6kg/m3 K2SO4) has taken the total drainable Mineral Resource to 14.4 million tonnes at 4,665mg/L potassium (or 10.4 kg/m3 K2SO4).
The company informed the market that the Scoping Study results have confirmed the potential for the Lake Throssell SOP project to be a low-cost, long-life producer of natural sulphate of potash for food production.
Source: Company announcement.
“The completion of a Scoping Study is a huge milestone for the Trigg team, for our shareholders and for those who have supported us since we listed on the two years ago,” Trigg Mining managing director Keren Paterson said in the company’s ASX announcement.
“The Scoping Study outcomes strongly vindicate our long-held belief that Lake Throssell is a potential company-maker – a high-quality, long-life asset which can transform Trigg into a modern, sustainable Australian SOP producer with a Top 10 globally competitive project.
“The key attributes of the project are clearly highlighted in this Study – the scale and quality of the Resource, its Tier-1 location, proximity to infrastructure and ability to support a multi-decade operation which can also deliver a number of exceptional ESG outcomes.
“Apart from the social and economic benefits it will provide, the project utilises solar evaporation to produce a natural fertiliser essential for global food security.
“This is a defining moment for Trigg and provides investors with a clear picture of the economic potential of Lake Throssell as a long-life, low-cost project that can ultimately provide dividends to shareholders.
“Our methodical and focused approach to developing the project will continue as we leverage the key learnings from the new potash industry currently being developed in Western Australia.
“We are very excited about the opportunities in front of us and we are looking forward to progressing the Project to the next stage with a Pre-Feasibility Study.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE