Potash play bid to woo farmers

Zach RelphCountryman
Camera IconTrigg Mining managing director Keren Paterson inspects drilling at the company’s Laverton Links project. Credit: Trigg Mining

Aspiring potash play Trigg Mining is turning from fundies to farmers in a second tilt at the ASX boards, drumming up investor support in its hunt to produce the fertiliser-product compound.

Speaking at WAFarmers’ TrendingAg conference last Thursday, Trigg managing director Keren Paterson called for farmers to back the sulphate of potash explorer’s bid to firm up its vast northern Goldfields tenement package.

“I want to understand how to create a WA-owned and WA-based minerals business that is sustained into the future,” Ms Paterson told the forum.

“To do that, I need to list on the stock exchange and need to raise capital.

“This is a potential source of certified organic fertiliser for WA.”

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Ms Paterson’s pitch to farmers to muster investor backing comes after the junior opted to postpone its initial public offering last June due to “weakness in equity markets”.

The company intends to relaunch its IPO this year.

Trigg is among a raft of potash-focused juniors sifting across the Goldfields’ relatively under-explored salt lakes to underpin a significant source of the fertiliser product, used in food production.

Trigg’s landholding includes 2350sqkm at Laverton Links, based from 35km to 190km east of Laverton, and 323sqkm at Lake Throssell, situated about 200km east of the historic gold mining town.

Ms Paterson said the junior’s tenements covered a significant area and could host a big sulphate of potash source. “If all that is mineralised, this project will last for many decades to come,” she said.

“We’ve only touched the tip of the iceberg with exploration so far.”

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