Join our daily newsletter At The Bell to receive exclusive market insights
- Trigg Mining (TMG) has delivered a maiden inferred mineral resource for its Lake Throssell Sulphate of Potash (SOP) Project in Western Australia
- The inferred resource sits at 14.21 million tonnes of drainable SOP at 4638 milligrams per litre of potassium
- Trigg also updated the exploration target which is between 2.6 and 9.4 million tonnes at 9.5 to 19.3 kilograms per cubic metre of potassium sulphate
- Delivering an initial mineral resource and exploration target is a key step for Trigg to develop a long-term SOP production hub in the Laverton region
- Looking ahead, Trigg will conduct trenching and test pumping to convert a portion of the inferred resource to the indicated category ahead of a scoping study
- Company shares are up 14.8 per cent and trading at 15.5 cents
Trigg Mining (TMG) has delivered a maiden inferred mineral resource for its Lake Throssell Sulphate of Potash (SOP) Project in Western Australia.
The project has a maiden inferred resource of 14.21 million tonnes of drainable SOP at 4638 milligrams per litre of potassium.
This estimate was made using results from about 5720 metres of drilling, 62 particle size distribution samples, 18 core samples and gravity surveys at Lake Throssell.
Trigg Mining may look to convert the mineral resource to the indicated category. To do this, it will only need to gather data from test pumping to evaluate more aquifer properties.
Additionally, Trigg updated the exploration target which is in the range of 2.6 million tonnes and 9.4 million tonnes at 9.5 to 19.3 kilograms per cubic metre of potassium sulphate. However, the potential quantity and grade of the exploration target is conceptual in nature.
The exploration target is based on results from exploration conducted over one granted tenement which spans 36 kilometres.
“This is fantastic result for our shareholders which puts Trigg Mining front and centre of the new-generation SOP industry in Western Australia,” Managing Director Keren Paterson said.
“The maiden 14.2 million tonnes at 10.3kg/m3 SOP mineral resource clearly shows that Lake Throssell has the scale and grade to underpin a sustainable long-term SOP production hub, particularly when considering its tier-1 location and proximity to high-quality energy and transport infrastructure,” she added.
Delivering an initial mineral resource and updated exploration target is a key step in developing a long-term SOP production hub in WA’s Laverton region.
Next up, Trigg will conduct trenching and test pumping to convert a portion of the inferred resource to the indicated category. This work will support a scoping study which is hoped to be completed by the end of the year.
Company shares are up 14.8 per cent and trading at 15.5 cents at 12:44 pm AEST.
