Announcement • Jun 16
American Tungsten & Antimony Ltd Announces Resignation of Chris Gregory, Non- Executive Director, from the Board, Effective 15 June 2026 American Tungsten & Antimony Ltd. announced that Non- Executive Director Chris Gregory has resigned from the Board, effective 15 June 2026 . Mr. Gregory has resigned from the Board to focus on his other business interests and commitments. Announcement • May 19
American Tungsten and Antimony Ltd has filed a Follow-on Equity Offering in the amount of AUD 10.35 million. American Tungsten and Antimony Ltd has filed a Follow-on Equity Offering in the amount of AUD 10.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 147,857,143
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0042
Transaction Features: Subsequent Direct Listing Announcement • May 10
American Tungsten & Antimony Ltd. Appoints David Bernhardt as Chairman of Strategic Advisory Board American Tungsten & Antimony Ltd. announced the company has appointed former U.S. Secretary of the Interior David Bernhardt as Chairman of the Company's Strategic Advisory Board. Secretary Bernhardt served as Secretary of the Interior in President Trump's first administration, where he was responsible for oversight of approximately 500 million acres of federal land, including permitting, resource development and environmental management frameworks central to U.S. mining and energy sectors. The appointment of Secretary Bernhardt is expected to strengthen AT4's capabilities in permitting, policy alignment and stakeholder engagement across multiple agencies, as he provides direct insight into regulatory processes and facilitates engagement at the federal level. New Risk • Mar 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m (AU$28k revenue, or US$20k). Minor Risk Market cap is less than US$100m (AU$108.9m market cap, or US$76.2m). New Risk • Mar 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$141.1m (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m (AU$28k revenue, or US$20k). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Market cap is less than US$100m (AU$141.1m market cap, or US$99.5m). Announcement • Mar 11
American Tungsten & Antimony Ltd. Reports High-Grade Antimony Discovery At Little Emma Prospect in Utah American Tungsten & Antimony Ltd. reported high-grade antimony results from its first drill holes at the Little Emma Prospect within the Company's 100%-owned Antimony Canyon Project in Utah, marking a strong start to its maiden drilling program and reinforcing the potential for a large-scale antimony system in the United States. The initial drilling program intersected shallow, high-grade stibnite mineralization, providing early confirmation of the Company's geological model and demonstrating encouraging continuity within the mineralized system. Key intercepts include: 11.03m @ 3.1% Sb from 25.91m, including 2.62m @ 12.54% Sb from 29.2m; 8.47m @ 2.67% Sb from 31.15m, including 2.2m @ 9.69% Sb from 36.88m; 2.14m @ 3.02% Sb from 40.23m. The Little Emma Prospect is one of more than 20 historic antimony mines located within AT4's patented claim block at Antimony Canyon, highlighting the district-scale exploration potential across the property. These results follow the Company's ASX announcement dated 10 March 2026, which outlined the encouraging results from the initial drilling campaign. Antimony is classified by the U.S. Government as a critical mineral essential for national security, with applications in defense systems, semiconductors, batteries, flame retardants and advanced manufacturing. The United States currently relies heavily on foreign sources for antimony supply, with China historically dominating global production. The emergence of a significant domestic antimony resource would represent an important development for U.S. supply chain security. Announcement • Feb 06
American Tungsten & Antimony Delivers Antimony Ingots from Antimony Canyon Project in Utah American Tungsten & Antimony Ltd. announced that it has produced its first antimony ingots from material sourced from its Antimony Canyon Project (ACP) in Utah, as part of metallurgical testwork to support ongoing project evaluation. The work was conducted at an independent third-party metallurgical facility and provides proof-of-concept processing following delivery of a Metso Ausmelt concept study and plant design. Announcement • Jan 23
American Tungsten & Antimony Ltd Announces Appointment of Graeme Morissey as Chief Financial Officer, Effective January 23, 2026 American Tungsten & Antimony Ltd. announced the appointment of Graeme Morissey as Chief Financial Officer, effective January 23, 2026. Mr. Morissey served as Chief Financial Officer for Warriedar Resources Limited and played a pivotal role progressing the acquisition of Warriedar by Capricorn Metals Limited pursuant to a scheme of arrangement valued at over $300 million. Mr. Morissey brings extensive experience in governance of listed explorers and developers gained over previous roles in global accounting firms EY, KPMG and Grant Thornton, fulfilling the role of Director. He has assisted in managing the risks and opportunities associated with developing Warriedar’s flagship Golden Range and Fields Find gold project from early-stage exploration to a multi-million ounce Tier 1 styled mineral resource estimate. Mr. Morissey is a Chartered Accountant (CA) and a member of the Australian Institute of Company Directors (MAICD). He holds a Bachelor of Commerce from McMaster University in Canada. He has served as CFO for early-stage explorers, developers, and producers, accumulating extensive managerial experience in equity capital markets, debt financing, mergers and acquisitions, and local and cross-jurisdictional mining and exploration operations (including the Americas and Africa). Announcement • Jan 17
American Tungsten & Antimony Ltd Announces Drilling Update American Tungsten & Antimony Ltd. provided an update on the maiden diamond drilling programme at its 100% owned Antimony Canyon Project (ACP) in Utah, USA. The Company reported highly encouraging visual results from the first three holes of its maiden drilling campaign at the Antimony Canyon Project. The current programme targets the Company's 100% owned Patented Claims, which provide AT4 with secure land tenure and streamlined permitting. The initial drilling has focused on the Emma Claim, a key historical working within the broader claim package. Drilling Details: Holes ACP26DD001and ACP26DD002; The first two holes (ACP26DD001 and ACP26DD002) were designed to establish stratigraphic control on the Emma Claim and were drilled at a steep dip of -80 degrees. Both holes intersected the target mineralised horizon, confirming the system's continuity and significant width. Drilling has confirmed the presence of a substantial mineralised zone characterised by massive to disseminated stibnite (antimony sulphide): ACP26DD001 (Hole 1) intersected a mineralised zone approximately 42 m wide, with the main mineralised horizon 19 m thick (approximately true thickness). ACP26DD002 (Hole 2), designed to test lateral continuity to the northeast, intersected a zone of pervasive stibnite (up to 7%) and pyrite, more than 63 m thick (approximately true thickness). Hole 2 encountered ground conditions significantly more complex than in Hole 1, characterised by intense, pervasive alteration. The hole advanced to a depth of approximately 77 m before the drill rods bogged downhole in swelling clays developed along the basal contact with the underlying potentially mineralised conglomerate (as observed in Hole 1). The Company intends to continue drilling this position to design depth once appropriate recovery equipment is available. Most significantly, the final recovered intervals (74.37 m - 76.20 m) contained 2% Realgar and 2% Orpiment, low-temperature arsenic sulphides that typically form on the margins of the hottest parts of epithermal systems. Their presence in Hole 2, combined with the intense alteration that led to the bogged rods, strongly suggests the drilling has vectored into the halo of the primary feeder structure. New Risk • Dec 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Revenue is less than US$1m (AU$28k revenue, or US$18k). Minor Risks Significant insider selling over the past 3 months (AU$3.1m sold). Market cap is less than US$100m (AU$145.7m market cap, or US$95.5m). New Risk • Nov 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$134.0m (US$86.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (90% increase in shares outstanding). Revenue is less than US$1m (AU$28k revenue, or US$18k). Minor Risks Share price has been volatile over the past 3 months (18% average weekly change). Significant insider selling over the past 3 months (AU$3.1m sold). Market cap is less than US$100m (AU$134.0m market cap, or US$86.8m). Announcement • Oct 30
Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
Trigg Minerals Limited, Annual General Meeting, Nov 28, 2025 Trigg Minerals Limited, Annual General Meeting, Nov 28, 2025. Location: suite 2, 68 hay street, subiaco wa 6008, Australia New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m (AU$29k revenue, or US$19k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Announcement • Sep 24
Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 55,555,556
Price\Range: AUD 0.09
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jul 03
Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 12.5 million. Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 12.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 147,058,824
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Transaction Features: Subsequent Direct Listing Announcement • Jun 14
Trigg Minerals Limited Appoints David J. Fourie as Its Net Zero Expert Antimony Technical Advisor, Effective 1 July 2025 Trigg Minerals Limited announced the appointment of David J. Fourie, Pr. Eng., MBA as its Net Zero Expert Antimony Technical Advisor, effective 1 July 2025. Mr. Fourie is an extractive metallurgist with more than 25 years' experience across pyrometallurgy, smelter design and strategic project execution. As former Chief Operating Officer (COO) at Strategic & Precious Metals Processing (SPMP) in Oman, he led the ramp-up and technical operations of the world's largest antimony roaster outside China widely recognised as the first `clean plant' built to European environmental standards. Mr. Fourie has held senior positions at global engineering and resource firms including Mintek, Hatch and Tronox, and now operates as an independent consultant. Mr. Fourie has been engaged as a technical consultant to advise Trigg on smelter design and development strategy. He specialises in strategic metal flowsheets and smelter optimisation, advising clients through all stages of development from scoping and feasibility through to permitting, commissioning and steady-state operations. His appointment represents a positive step in Trigg's goal of building a vertically integrated, net zero supply chain for antimony in the western world leveraging Mr. Fourie's combination of technical, ESG and commercial experience in clean strategic metals processing. New Risk • Jun 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (114% increase in shares outstanding). Revenue is less than US$1m (AU$29k revenue, or US$19k). Minor Risk Market cap is less than US$100m (AU$89.6m market cap, or US$58.1m). Board Change • Apr 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Chairman Tim Morrison is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 20
Trigg Minerals Limited (ASX:TMG) agreed to acquire Exploration Licenses EL 9594, EL 9655, and EL 9653 from STANFORD ROCKS PTY LTD for AUD 0.50 million. Trigg Minerals Limited (ASX:TMG) agreed to acquire Exploration Licenses EL 9594, EL 9655, and EL 9653 from STANFORD ROCKS PTY LTD for AUD 0.50 million on March 18, 2025. A cash consideration of AUD 0.25 million will be paid by Trigg Minerals Limited and also issue 8,064,516 shares to STANFORD ROCKS PTY LTD.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders, consummation of due diligence investigation and third party approval needed. The end date for satisfaction or waiver of the conditions precedent is 1 July 2025, with the shareholder approval at a General Meeting targeted for April 2025. Completion will occur on the date that is two business days after the satisfaction or waiver of the last of the conditions precedent. Announcement • Mar 13
1269280 WA Pty Ltd agreed to acquire K2O Minerals Pty Ltd from Trigg Minerals Limited (ASX:TMG) for AUD 0.06 million. 1269280 WA Pty Ltd entered into a Binding Heads of Agreement to acquire K2O Minerals Pty Ltd from Trigg Minerals Limited (ASX:TMG) for AUD 0.06 million on March 12, 2025. A cash consideration of AUD 0.06 million will be paid by 1269280 WA Pty Ltd. As part of consideration, AUD 0.06 million is paid towards common equity of K2O Minerals Pty Ltd.
The expected completion of the transaction is in 14 days. Announcement • Mar 08
Trigg Minerals Limited Appoints Andre Booyzen as Director Trigg Minerals Limited appointed Andre Booyzen as Director, date of appointment of 1 March 2025. Announcement • Feb 10
Trigg Minerals Limited Appoints Andre Booyzen as A Non-Executive Director, Effective 1 March 2025 Trigg Minerals Limited announced it has appointed former Mandalay Resources Vice President Andre Booyzen as a Non-Executive Director, effective 1 March 2025, following his recent appointment as a strategic advisor to the Company. Mr. Booyzen previously served Vice President of Mandalay Resources, where he had full strategic and operational control including product sales, off takes and funding negotiations at the Costerfield gold-antimony mine in Victoria, currently Australia's only producer of antimony concentrate. Mr. Booyzen also served on the board of the Minerals Council of Australia (Victoria) for more than 5 years and was Chairman for 3 of those. His experience in overseeing mine operations, development, and production at Costerfield aligns well with Trigg's focus on progressing Wild Cattle Creek. Mr. Booyzen is an experienced mine operator and leader and has more than 25 years of experience in operational, senior and executive roles, and is a specialist in antimony mining. He brings extensive experience in mine development, operational strategy, and off-take agreements, making his appointment to the Board particularly valuable as Trigg advances its portfolio of antimony projects in NSW. This includes the Wild Cattle Creek deposit at its Achilles Project, which has a JORC 2012 MRE 2 containing 1.52mt at 1.97% containing 29.9 tonnes of antimony being Australia's highest grade undeveloped primary antimony deposit with multiple high-grade shoots remaining open along strike and down dip showcasing significant potential for expansion, as well as its Taylors Arm, Spartan and newly acquired Bukkula Mine assets. In addition to his non-executive role, Mr. Booyzen will provide leadership for key workstreams at Trigg, supporting the next phase of development studies and the planned resource expansion at Wild Cattle Creek. His expertise in offtake agreements and global antimony markets, gained through his many years in the antimony industry, will be invaluable as Trigg develops its project financing strategy. Announcement • Feb 05
Trigg Minerals Limited (ASX:TMG) agreed to acquire Bukkulla Antimony Project, North Nundle Antimony Project and Tia Antimony Project . Trigg Minerals Limited (ASX:TMG) agreed to acquire Bukkulla Antimony Project, North Nundle Antimony Project and Tia Antimony Project on February 4, 2025. Announcement • Dec 06
Trigg Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Trigg Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 151,515,152
Price\Range: AUD 0.033
Discount Per Security: AUD 0.00198
Transaction Features: Subsequent Direct Listing New Risk • Nov 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Revenue is less than US$1m (AU$654 revenue, or US$427). Minor Risk Market cap is less than US$100m (AU$23.8m market cap, or US$15.5m). Announcement • Oct 18
Trigg Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Trigg Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 08
Trigg Minerals Limited, Annual General Meeting, Nov 15, 2024 Trigg Minerals Limited, Annual General Meeting, Nov 15, 2024. Announcement • Sep 20
Trigg Minerals Limited (ASX:TMG) agreed to acquire Taylors Arm and Spartan Antimony Projects in Northern NSW from Bullseye Gold Pty Ltd Trigg Minerals Limited (ASX:TMG) agreed to acquire Taylors Arm and Spartan Antimony Projects in Northern NSW from Bullseye Gold Pty Ltd for AUD 0.85 million on September 20, 2024. The consideration consists of 106.25 million common equity of Trigg Minerals Limited to be issued for assets of Taylors Arm and Spartan Antimony Projects in Northern NSW.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and consummation of due diligence investigation. Announcement • Aug 30
Trigg Minerals Limited Announces Management Changes Trigg Minerals Limited announced the appointment of Nicholas Katris as Non-Executive Director and Company Secretary, following the immediate resignation of Stephen Ross as a Non-Executive Director and David McEntaggart as Company Secretary. Mr. Katris is a Chartered Accountant with more than 15 years of experience in the resources sector. He has held various executive finance and company secretarial roles across Australia, Brazil, Canada, and
Africa. Mr. Katris brings extensive experience in corporate advisory, and public company management. He has worked with several publicly-listed lithium, nickel, and gold companies during exploration and project development. Currently, Mr. Katris serves as the Company Secretary for Perpetual Resources Limited and Leeuwin Metals Ltd. His appointment comes as Trigg Minerals increases its focus on the Drummond Epithermal Gold Project in Northern Queensland and continued search for complementary strategic projects. As a result of the resignation of Mr. Ross, the Company further advises that Resolution 11 included within the Notice of Meeting lodged with ASX on 16 August 2024 has been withdrawn from the General Meeting to be held on 16 September 2024. Announcement • Jul 24
Trigg Minerals Limited Appoints Bishoy Habib as Director Trigg Minerals Limited appointed Bishoy Habib as Director. Date of appointment is 24 July 2024. Announcement • Jul 05
Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million. Trigg Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,320,610
Price\Range: AUD 0.008
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,679,390
Price\Range: AUD 0.008
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Mar 07
Trigg Minerals Limited (ASX:TMG) completed the acquisition of 90% stake in Four new tenements in northern Queensland from Boadicea Resources Ltd (ASX:BOA). Trigg Minerals Limited (ASX:TMG) entered into a binding term sheet to acquire 90% stake in Four new tenements in northern Queensland from Boadicea Resources Ltd (ASX:BOA) for AUD 0.32 million on November 28, 2023. Trigg Minerals Limited will pay for AUD 20,000 in cash and issue for AUD 300,000 in TMG shares to BOA as consideration for the 90% interests in the licenses. The transaction is subject to certain conditions precedent, including regulatory consents or approvals (if any), due diligence. Completion of the transaction is expected to occur in late February 2024.
Trigg Minerals Limited (ASX:TMG) completed the acquisition of 90% stake in Four new tenements in northern Queensland from Boadicea Resources Ltd (ASX:BOA) on March 7, 2024. The transfer of ownership of the Tenements is subject to final approval by the Queensland Government Department of Resources. In the interim, the companies have executed a deed under which Trigg will assume the operating rights and expenditure commitments for the Tenements on behalf of Boadicea. New Risk • Nov 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 86% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (86% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.75m market cap, or US$2.48m). Announcement • Nov 02
Trigg Minerals Limited, Annual General Meeting, Nov 30, 2023 Trigg Minerals Limited, Annual General Meeting, Nov 30, 2023, at 09:00 W. Australia Standard Time. Location: BDO, Level 9, Mia Yellegonga Tower 2, 5 Spring Street Perth WA 6005 Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider ADOPTION OF REMUNERATION REPORT; to consider ELECTION OF DIRECTOR STEPHEN ROSS; to consider ELECTION OF DIRECTOR TIMOTHY MORRISON; to consider APPROVAL OF 7.1A MANDATE; to consider RENEWAL OF PROPORTIONAL TAKEOVER PROVISIONS IN THE CONSTITUTION. Announcement • Sep 16
Trigg Minerals Limited (ASX:TMG) entered into a binding agreement to purchase Rush Resources Limited. Trigg Minerals Limited (ASX:TMG) entered into a binding agreement to purchase Rush Resources Limited on September 15, 2023. Trigg Minerals will issue 56.7 million shares in two tranches comprising 38.3 million shares on completion and 18.3 million shares subject to an operational milestone of 2,000 metres of drilling and a minimum intersection of 20 metres at 1g/t Au being achieved within two years at the Drummond Project for the Rush acquisition and also the Project Acquisition Agreement. Corporate director Tim Morrison will be appointed as Chairman on deal completion. Completion is subject to approval by shareholders of Rush Resources and Trigg, capital raising by Trigg, acquisition of the Drummond Project, cancellation of all outstanding options in Rush and regulatory approvals. The transaction is expected to complete on October 26, 2023. Announcement • Jun 22
Trigg Minerals Limited Announces Board Changes Trigg Minerals Limited announced that experienced geologist and mining executive Stephen Ross has accepted an invitation to join the Company's Board as a Non-Executive Director, effective from 20 June 2023. Mr. Ross is a geologist with extensive executive experience on the ASX and LSE markets who has built successful project teams focused on developing mineral projects globally. Most recently, he has overseen Power Minerals Limited's ("ASX: PNN") proposed acquisition of 100% of the lithium subsidiaries of the TSX-V-listed Ultra Lithium Inc, in Catamarca Province, north-west Argentina. Mr. Ross will fill a vacancy on the Trigg board created as a result of Rod Baxter's decision tostep down to focus on his other roles within various listed and unlisted companies. Stephen Ross is a geologist, independent consultant and public company director who has been involved in the international minerals industry in technical, business development and corporate roles for 30 years. Stephen has sourced significant investments for junior explorer sand pre-development resource companies worldwide while holding Managing Director and senior technical positions while based in Central Asia, West Africa and Sri Lanka. Stephen is a member of the Australasian Institute of Mining and Metallurgy, is a Fellow of the Financial Services Institute of Australasia and he is a member of the Australian Institute of Company Directors. Stephen is currently the chairman of ASX-listed Power Minerals Limited, and a non-executive director of Pinnacle Minerals Limited and Summit Minerals Limited. Announcement • May 25
Trigg Minerals Limited Advises Maree Arnason Has Resigned as an Independent Non-Executive Director Trigg Minerals Limited hereby advised that Ms Maree Arnason has resigned as an Independent Non-Executive Director of the Company, effective as of 24 May 2023, to fulfil commitments elsewhere. Announcement • Feb 15
Trigg Minerals Limited Updates Mineral Resource Estimate for Lake Throssell SOP Project Trigg Minerals Limited updated Mineral Resource Estimate (MRE) for its Lake Throssell SOP Project. The material expansion of the Indicated Mineral Resource reflects the increasing confidence in the Lake Throssell SOP Project through innovative and systematic exploration and data gathering efforts. The increased size of the Indicated Resource, which is available for conversion to an Ore Reserve Estimate, is likely to have a material impact on the Project's total Production Target as advance the project towards Pre-Feasibility Study. As a reminder the October 2021 Scoping Study identified a total Production Target of 5.9Mt of SOP of which 70% was Indicated. This supported a 245,000tpa SOP project for an initial mine life of 21 years with lowest-cost quartile operating costs at a possible top-10 global production rate. Importantly 80% of the new Indicated Resource resides in higher-yielding aquifers with specific yields of 0.12 to 0.15. These aquifers will be the target of the next round of resource definition field work to prepare these aquifers for any future Ore Reserve Estimate. The Lake Throssell Project covers an area of 1,085km2 approximately 170km east of Laverton, Western Australia. The October 2021 Scoping Study outlined an initial 21-year mine life with forecast production of 245,000tpa SOP in the lowest cost-quartile, which would position Trigg as a potential top-10 global SOP producer. Trigg Minerals engaged Aquifer Resources to complete a Mineral Resource Estimate (MRE) for the Lake Throssell Project following field programs consisting of additional air-core drilling, monitoring bore drilling and geophysical logging. The basis of the updated MRE is additional brine samples and lithological interpretation from the air- core and monitoring bore drilling, the results of borehole magnetic resonance (BMR) logging, and small-scale aquifer tests of monitoring bores. This data has allowed conversion of the sediments within the vicinity of the BMR results to be converted from Inferred Mineral Resource to Indicated Mineral Resource due to the increased confidence in drainable porosity estimates. The aspects of the 2022 exploration program are presented in the following section. All drill collars and brine samples During 2022, additional tracks and lake causeways were installed to facilitate drilling on the lake shore and target test production bore locations off the lake surface. Four air-core drill holes were completed and lithological samples were obtained for geological logging and 29 brine samples obtained for brine assay analysis. The assay results were consistent with previous exploration results across the deposit and show a low degree of variability. The average K grade of the brine assay results is 4,549mg/L K. Three monitoring bores were completed. The monitoring bores twinned existing air-core drill holes with the aim of confirming production bore sites. The bores were drilled using mud rotary techniques with a water well drill rig. Each monitoring bore was gravel packed and bentonite sealed across the lacustrine clay to create a hydraulic seal. Monitoring bore brine samples were obtained from pumping of brine from the cased bore, which is screened over the basal aquifer zone using a narrow diameter low flow pump. The results compare well with the assay results of the twinned holes from the 2019 air-core program. The monitoring bores were mini aquifer tested on completion at low flow rates using a 2’, 12v pump. The testing has been analyzed using Theis (Theis 1935) and Cooper-Jacob (Cooper and Jacob 1946) methods for confined aquifers. Aquifer testing suggest the basal aquifer has a hydraulic conductivity of 0.25 to 0.55m/d from the monitoring bores tested. The logging has identified calcrete zones within the lacustrine clay. These zones yielded brine during air-core drilling not previously observed and will be assessed by targeted screened zones in future test production bores and test pumping. The basal fluvial aquifer was observed to be more of a clayey sand at the top of the sequence as it transitioned into the lacustrine clay, whilst at the base there is a ‘cleaner’ sand with lower fines content, represented by higher specific yield and hydraulic conductivity. Some borehole ‘washouts’ are evident in the lacustrine clay and transitional zone where total porosity is >50%, and these have been removed from the assessment of specific yield for these formations. The basal sand lies unconformably on top of the Permian bedrock (Paterson Formation). Across the Lake Throssell palaeovalley, the Paterson Formation is highly weathered and has a thick saprolite sequence. Announcement • Feb 09
Trigg Minerals Limited Reports Promising Results from Concept Development Test-Work Conducted on Brine from the Lake Throssell Sulphate of Potash (Sop) Project, East of Laverton, Western Australia Trigg Minerals Limited reported promising results from concept development test-work conducted on brine from the Lake Throssell Sulphate of Potash (SOP) Project, located 170km east of Laverton, Western Australia. The traditional processing methodology for Sulphate of Potash (SOP) from potassium-rich brines has been to evaporate the brine using solar energy to remove waste salts (such as halite) and then produce the feed salts known as kainite-type (or potassium) mixed salts (KTMS) for conversion and final product. This process, which relies on natural sunlight, can prove problematic with constant changes in atmospheric conditions impacting the ability to produce the desired quality and quantity of KTMS salts for down-stream processing. In recognition of this, and in light of the continued difficulties experienced by the first-movers in the emerging Australian SOP industry in producing sufficient quantity and quality of feed salts, Trigg has been investigating alternative process routes with the aim of producing the feed salts more efficiently and reliably. In the September 2022 Quarter, numerous technology partners were identified and a 16,000L sample from existing on-lake trenches was extracted from the Lake Throssell deposit. This sample was provided to an accredited laboratory in Perth Western Australia (WA), where the brine was evaporated to a density close to saturation. Samples were then extracted and sent to various technology providers for further testing with their proprietary technology processes, with the test- work programs supervised by Independent Consultants Elmet and GR Engineering Services. Results from one of these partners has shown significant promise in obtaining the required quality of feed salts quickly and efficiently. A bench-scale test at the technology provider's premises resulted in four salt samples and their associated brines. The samples were taken at pre-determined steps along the salting path. The salt samples have been subjected to X-Ray Diffraction ("XRD") to identify the salts produced in an accredited laboratory in Perth WA. The results indicate an increasing concentration of the typical potassium salts required for feed into an SOP processing plant, whilst also showing a reduced concentration of halite. Furthermore, the salts produced appear to be less complex than those produced from the conventional evaporation salting path of the same brine, which may result in further simplification of the processing route for reliable and efficient production of SOP at Lake Throssell. The innovative method of obtaining the feed salts from the brine also captures a significant volume of water that would otherwise be evaporated into the atmosphere. This water can then be re-usedfor processing and other site needs, reducing the volume of process water required from a traditional bore field. On the back of these results, Trigg will immediately progress the bench-scale test-work to refine the control parameters and scope a pilot-scale test program of this promising processing technology. This will then allow assessment of the economics of producing SOP using this processing route versus the conventional evaporation processing route. Announcement • Feb 01
Trigg Minerals Announces Positive Brine Assay and BMR Results from Lake Throssell Trigg Minerals Limited announced positive Brine Assay and BMR Results from Lake Throssell. 29 brine samples have been assayed from exploration air-core drilling and monitoring bores screened in the basal aquifer as part of the 2022 exploration field season. The potassium grade results range from 4,260 mg/L to 4,970 mg/L K, with an average of 4,549 mg/L, consistent with the low variability of the deposit. Results from the screened sections of basal aquifer were between 4,330 mg/L and 4,500 mg/L, which is consistent with the previous air-core assay results from depth, validating the brine sampling approach of exploration drilling to date. Results confirm the consistency of brine grades across the Lake Throssell deposit. Borehole magnetic resonance (BMR) geophysical logging was completed on three monitoring bores to measure in-situ porosity, specific yield and estimate hydraulic conductivity across the resource profile and assist with test production bore planning. BMR logs have provided unrivaled resolution on the formation porosity, permeability and lithological aspects of the Lake Throssell deposit. Sand zones of the Basal Aquifer are shown to measure specific yield from 0.2 to 0.22 on average which is aligned with the current Resource value of 0.19 on average for the Basal Aquifer. All of the data from the 2022 exploration campaign will contribute towards an upgraded Mineral Resource Estimate (MRE) for Lake Throssell, targeted for later this month. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Maree Arnason was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Trigg Minerals Limited, Annual General Meeting, Nov 29, 2022 Trigg Minerals Limited, Annual General Meeting, Nov 29, 2022, at 12:30 W. Australia Standard Time. Location: BDO, Level 9, Mia Yellagonga Tower 2 5 Spring Street Perth Western Australia Australia Agenda: To receive and consider the Company's Financial Report for the year ended 30 June 2022, together with the declaration of Directors and the reports of the Directors and of the Auditor for the year ended 30 June 2022; to consider non-binding Resolution to Adopt Remuneration Report; to consider Election of Director - Ms. Maree Arnason; to consider Re-election of Director - Mr. William Bent; to consider Equity Settled Long-Term Incentive for the year ending 30 June 2023 - Issue of Executive Options to Managing Director - Ms. Keren Paterson; and to consider Approval of 7.1A Mandate. Announcement • Sep 19
Trigg Minerals Limited Announces Lake Throssell Advancing with Air-Core Drilling Underway and Bulk Evaporation Trial on Track Trigg Minerals Limited announced that it has taken further important steps to advance the development of its globally significant 100%-owned Lake Throssell Sulphate of Potash (SOP) Project, located 170km east of Laverton in Western Australia Key recent milestones include the commencement of the 2022 air-core drilling program, representing the first significant in-field activity to be undertaken as part of the Pre-Feasibility Study (PFS). In addition, the pivotal bulk evaporation trial is progressing ahead of schedule. An 18-hole air-core program has commenced as part of the Pre-Feasibility Study (PFS) for the Lake Throssell development which commenced late last year. The aim of the air-core program is to assist with finalizing test production bore locations in accessible locations for a truck-mounted water well rig. The air-core drilling is targeting the basal aquifer at a depth of approximately 150m below surface. The causeways were constructed to allow access to the shorelines on islands in the centre of the lake so that a truck-mounted water well rig can access the planned drilling location. The causeways will facilitate access to these remote areas of the lake, which would otherwise be accessed by wide track-mounted lake vehicles, thereby reducing the cost of the program. The drilling and sampling data from the air-core program will be used to further refine the Indicated and Inferred Mineral Resource Estimate, which currently stands at 14.4Mt of SOP at 4,665mg/L potassium (or 10.4 kg/m3 K2SO4). Test production bores are planned to be drilled next Quarter and will provide additional data to update the groundwater model and increase the confidence in the Mineral Resource Estimate with the aim of achieving an Ore Reserve as part of the PFS. The bulk evaporation trial is progressing well and is on or slightly ahead of schedule. The halite (NaCl) salting phase has been completed and the Schoenite (K2Mg(SO4)2·6H2O) salt production stage has now commenced. These stages will be followed by the Kainite salt (KMg(SO4)Cl·3H2O) and Carnallite salt (KMgCl3·6H2O) salt phases. This bulk trial aims to produce several mixed potassium salt (KTMS) samples for processing test work for engineering design required in the PFS and to produce an export-quality Sulphate of Potash (SOP) product for engaging with and analysis by potential off-take partners. Announcement • Jul 18
Trigg Mining Limited Announces Successful Completion of Lake Throssell Sighter Test Work Trigg Mining Limited announced the completion of a successful sighter evaporation trial on brine samples from the Company's 100%-owned Lake Throssell Sulphate of Potash (SOP) Project, located in the Laverton region of Western Australia. The sighter evaporation trial was undertaken at the Nagrom laboratory facilities in Kelmscott Western Australia on a 29L sample of brine sourced from a combination of trench and bore brine collected from Lake Throssell. The aim of the sighter program was to establish baseline data for the planning of a bulk evaporation program to simulate operational steady-state brine evaporation and salt production from Lake Throssell. Results from the bulk program will provide data for the engineering design work to be undertaken as part of the Lake Throssell PFS, as well as for product quality analysis by prospective off-take partners. The brine evaporation program was carried out over 92 days with continuous gentle agitation of the brine was performed to simulate operational conditions of brine flow through the ponds under natural conditions of wind, waves and sunlight. The logged data gathered from the sighter evaporation program will be used to establish the guideline conditions for the proposed bulk evaporation program, which is planned to commence later this month. This bulk program is aimed at simulating operational steady-state brine evaporation and generate salt products for testing optional SOP processing routes. The salts, both as individual species salts and KTMS, will be tested to generate operational and engineering design data. The blended KTMS will also be processed to produce an export quality SOP product for inspection and analysis by potential off-take partners. The recovery of the salt products (Figure 3) from the starting brine concentrations provides the basis for a mass balance of ions and conversion to salts based on assay analysis. Results of the sighter evaporation program have provided Trigg with the necessary data to establish the guidelines for the proposed bulk evaporation and salt production trial, as well as baseline data for an early design Dynamic Mass Balance Pond Model that will be used in the early stages of the PFS engineering to estimate the required pond areas and the required number and layout of the ponds. The modelled salting path, based on the phase diagram for the K2, Mg and SO4 ion species (Janecke Diagram), indicates the predicted salts produced at increasing ion concentrations under continued brine evaporation conditions. The modelled salting path and the interpreted salt species recovered from the program are consistent within the accuracy of the interpretation of data from the program. The next phase of the bulk evaporation trial, to commence later this month, aims to produce KTMS salts for processing test work and to produce export-quality SOP for engagement with and analysis by potential off-take partners. This next phase will also evaluate the possibility of producing other salt precipitates, e.g. magnesium sulphate. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Maree Arnason was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 12
Trigg Mining Limited announced that it expects to receive AUD 0.718355 million in funding Trigg Mining Limited announced a private placement a private placement of 9,578,067 new shares at an issue price of AUD 0.07499999 and 4,789,033 options exercisable at AUD 0.15 for gross proceeds of AUD 718,355 on February 11, 2022. The transaction included participation from new and existing investors, increasing the total capital raising to AUD 4 million. The securities issued are expected to close on 16 February 2022. Announcement • Nov 29
Gravity Surveys Commence as Trigg Mining Limited Strengthens Sop Growth Trigg Mining Limited advised that it has commenced its first-ever ground-based exploration activities on the Lake Yeo Sulphate of Potash (SOP) Project after securing the grant of the tenements covering this growth opportunity immediately south-east of its Lake Throssell SOP Project. Gravity surveys are also underway at Lake Throssell itself as part of the next phase of work at the Project being undertaken as part of the current Pre-Feasibility Study. Following the execution of a Heritage Protection and Land Access Deed with the Traditional Owners of the Lake Yeo SOP Project, the Nangaanya-ku, two Exploration Tenements (E38/3610 and E69/3851) covering the eastern portion of the Project have been granted. Based on radiometric potassium intensity 1 and the Aster Gypsum Index1 data, Trigg Mining believes Lake Yeo to have the potential to be a repeat of Lake Throssell, representing significant growth potential. The maiden gravity survey is the first step in assessing this hypothesis and will be used to define future drilling targets. In addition, following the successful Scoping Study at the Lake Throssell completed in October, work is underway to further define the basal aquifer, commencing with a 220 line-kilometre gravity survey. This will further refine the locations for the test water-bores to be drilled in 2022 to convert the Mineral Resource Estimate to an Ore Reserve as part of the Pre-Feasibility Study. The Lake Throssell SOP Project is 100% owned by Trigg and covers an area of 1,085km2 approximately 180km east of Laverton in Western Australia. The Project is a greenfields discovery and contains a Total drainable Mineral Resource Estimate (MRE) of 14.4Mt of SOP, plus an additional Exploration Target. The October 2021 Scoping Study indicated an initial 21-year mine life producing 245,000tpa SOP, in the lowest cost-quartile and a Top 10 global SOP Producer. The drainable MRE lies within an extensive palaeovalley system up to 5km wide, 150m deep and approximately 36km in length, with a further 34km of interpreted palaeovalley within the Project area still to be explored. An in-fill gravity survey is now underway for 220 line-kilometre with lines 1km apart and stations spaced at 200m, representing the first of the field activities to be undertaken as part of the recently commenced Pre-Feasibility Study. The program will take approximately 14 days to complete and interpretation of the results will be released early in the new year. Recent Insider Transactions • Nov 07
Non-Executive Chairperson recently bought AU$73k worth of stock On the 29th of October, Michael Ralston bought around 800k shares on-market at roughly AU$0.092 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Announcement • Jul 28
Trigg Mining Limited Announces Maiden Indicated Resource for Lake Throssell SOP Project Trigg Mining Limited announced another key milestone in its aim of developing a new long-life SOP production hub in the Laverton district of Western Australia, with the estimation of a maiden Indicated Mineral Resource for its high-grade Lake Throssell Potash Project near Laverton in Western Australia. A Drainable Indicated Mineral Resource of 1.9Mt SOP at 4,985mg/L K (or 11.1kg/m3 K2SO4) has been estimated based on the results of the recent trench pump trials of the surficial aquifer resource. As a result of this Mineral Resource Estimate (MRE) upgrade, 13% of the previously announced total MRE of 14.3Mt of drainable SOP at 4,665mg/L potassium (or 10.4 kg/m 3 K2SO4) is now in the higher-confidence Indicated category and available for conversion to Ore Reserves. The Exploration Target has also been updated, indicating strong potential to expand this MRE. The new Exploration Target, in addition to the MRE, has been defined as a range of 2.6 - 9.4Mt at 9.1 - 10.0kg/m3 K2SO4. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration in these areas to estimate a Mineral Resource. It is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target is based on the results of exploration activities undertaken to-date on granted tenement E38/3065, encompassing a strike length of ~36km of the interpreted palaeovalley. An
additional ~34km of strike length is extrapolated into tenement applications E38/3544, E38/3483, E38/3458 and E38/3537, which are considered to host similar geology and brine characteristics. The Lake Throssell Potash Project is 100%-owned and operated by Trigg Mining and lies approximately 170km north-east of Laverton, situated on a granted Exploration Licence (E38/3065). Trigg has a total of 1,084km2 of exploration tenure granted or pending approval across Lake Throssell. The extensive palaeovalley system has been identified through 200-line kilometres of gravity surveying. The Mineral Resource Estimate is based on 80 air-core and rotary drill holes for a total drill depth of 5,720 metres. A successful brine pumping trial was completed at Lake Throssell from two 100m long trenches over ten days and seven test pits. This recent work has improved the confidence of the lake surface surficial aquifer to Indicated status. Announcement • Jun 25
Trigg Mining Limited announced that it expects to receive AUD 0.25 million in funding Trigg Mining Limited (ASX:TMG) announced a private placement of 2,500,000 ordinary fully paid shares at a price of AUD 0.10000 for gross proceeds of AUD 250,000 on June 25, 2021. The transaction is expected to close on June 29, 2021. Announcement • Mar 17
Trigg Mining Limited Appoints Rod Baxter as Independent Non-Executive Director Trigg Mining Limited announce the appointment of Rod Baxter as an independent non-executive Director, effective immediately. Mr. Baxter is a highly experienced Director and Business Executive with extensive international and multi-sector experience in the mining and resources, engineering and construction, and manufacturing sectors in Australia and overseas. He was most recently the Managing Director of Long Pipes Limited. Announcement • Mar 10
Trigg Mining Limited Announces Completion of Air-Core Drilling Program At Lake Throssell Trigg Mining Limited announced that its maiden air-core drilling program has been completed at its highly prospective 100%-owned Lake Throssell Sulphate of Potash (SOP) Project, located east of Laverton in Western Australia. The program, was significantly expanded from 38 holes to 54 holes, following the success of the first stage of the program for a total of 5,623m. The program has successfully covered the palaeovalley extent within the core tenement E38/3065 covering a strike length of approximately 36km of the 112km in the total Project area. The drilling program was completed by Ausdrill with a track-mounted air-core rig with an average hole depth of approximately 104m with a maximum depth of 144m. The program commenced in the northern portion in December 2020 which returned high-grade brine results of up to 11,519mg/L (11.5kg/m3) SOP equivalent with an average grade of 9,772mg/L (9.8kg/m3) SOP equivalent. The program recommenced in late January 2021 and progressed systematically to the southern end and has confirmed the presence of a broad palaeovalley system approximately 100m deep and up to 5,000m wide. Field interpretation from visual inspection of air-core samples suggests that the southern portion of the tenement has comparable palaeovalley geology to the northern portion of the system and significant fluvial glacial deposits appear more prevalent in the southern portion of the tenement. This suggests a possible increase in the potential brine volume and a higher concentration of aquifer targets for future production bores. Throughout the system there was continued evidence of multiple aquifers at varying depths across the palaeovalley consistent with fluvial and fluvial glacial depositional environments. Thicknesses of unconsolidated sand and gravel of up to 35m were encountered at multiple locations within the deepest sections of the palaeovalley and on the palaeovalley margins. The data collected from this and earlier programs will further refine the overall geometry of the palaeovalley as defined by the gravity model and increase the confidence in the geophysical interpretation between drill transects. Preliminary field analysis of the salinity from the southern and central air-core drilling is comparable to the known results in northern end of the tenement with brine analysis results anticipated in a few weeks. Announcement • Feb 16
Trigg Mining Limited Announces Exploration Target At Lake Throssell Sop Project Trigg Mining Limited announced that it has defined an initial Exploration Target of approximately 7.5 to 27 million tonnes at a grade ranging between 9,000 and 10,000 mg/L SOP equivalent for its 100%-owned Lake Throssell Sulphate of Potash (SOP) Project, located from 170km east of Laverton in Western Australia. Initial JORC compliant Exploration Target defined for the emerging Lake Throssell SOP discovery. The Exploration Target covers a strike length of ~70km of the interpreted palaeovalley, within a total strike length of ~112km under tenure, including adjacent tenements under application. High grades and multiple potential aquifers encountered throughout the profile, meaning that trenching and deep production bores are possible. Additional tenements under application to north and south offer excellent potential to increase the Exploration Target. The Exploration Target demonstrates the potential for a significant, multi-decade SOP production centre at Lake Throssell, with significant competitive advantages including proximity to infrastructure and services. Announcement • Feb 03
Trigg Mining Limited Announces Air-Core Drilling Re-Commences At Lake Throssell Sulphate of Potash Project Trigg Mining Limited advised that air-core drilling has re-commenced at its highly prospective 100%-owned Lake Throssell Sulphate of Potash (SOP) Project, located east of Laverton in Western Australia. The balance of the air-core program, comprising up to a further 22 holes, will now be completed after the pre-Christmas program was interrupted due to inclement weather in mid-December. The drilling completed in 2020 within the northern half of the project area confirmed the presence of a broad palaeovalley at least 1km wide and potentially up to 3-4km wide in places, with assay results received to date returning high grades of up to 11,519mg/L SOP (11.5kg/m3) with an average grade of 9,772mg/L SOP. These grades compare favourably with other SOP projects currently under development in Western Australia. The remainder of the drilling program will largely target the untested southern portion of the project and will extend the total drilling coverage of the palaeovalley over a strike length of up to ~33km. A maiden JORC Mineral Resource estimate is expected to be released once the air-core drilling is complete and all results have been received and interpreted. In the meantime, the Company has commenced work on a maiden JORC Exploration Target for the Lake Throssell Project, based on all available data gathered to date, which is expected to be published in February. Announcement • Jan 22
Trigg Mining Limited Announces to Report Very Encouraging Initial Assay Results from the Partially Completed Maiden Air-Core Drilling Program At Its Highly Prospective 100%-Owned Lake Throssell Sulphate of Potash (Sop) Project, Located East of Laverton in Western Australia Trigg Mining Limited announced to report very encouraging initial assay results from the partially completed maiden air-core drilling program at its highly prospective 100%-owned Lake Throssell Sulphate of Potash (SOP) Project, located east of Laverton in Western Australia. The maiden air-core program commenced at Lake Throssell in late November 2020, with a total of 16 holes for 1,806m completed (representing ~50% of the proposed program) before inclement weather temporarily postponed field activities in mid-December 2020. The drilling, which was confined to the northern half of the project area, has confirmed the presence of a broad palaeovalley at least 1km wide and potentially up to 3-4km wide in places. The palaeovalley is typically around 100m deep with multiple potential aquifers identified in places. A total of 74 brine samples collected during this first phase of drilling were submitted before Christmas for analysis, with results returning high grades of up to 11,519mg/L SOP (11.5kg/m3) with an average grade of 9,772mg/L SOP. The brine chemistry also suggests favorable characteristics for solar evaporation concentration and lower waste salt levels, with a low Na:K ratio and high SO4 concentration. Of the brine results returned so far from the air-core drilling targeting the basal aquifer system, 93% returned grades exceeding 9,000mg/L SOP with 32% of samples returning grades over 10,000mg/L SOP. These results, combined with the previously reported surficial aquifer results, confirm the high-grade tenor of the Lake Throssell SOP project. Preliminary interpretation based on visual inspection of drill samples suggests that the palaeovalley system comprises multiple aquifer zones with a thick upper sequence of lacustrine clays and sequences of polymictic medium-coarse grained rounded to angular lithic clasts (e.g., gravels and rock fragments) occurring towards the base of the sequence. This is significant because these zones will have the highest porosity/permeability within the palaeovalley sequence and are therefore likely to host the most significant brine resources. These lithic zones, located in the deepest parts of the palaeovalley tested to date, range in thickness from a few metres up to 9m and, in some instances, there are multiple lithic horizons within the one drill hole for example, LTAC008 (72-79m and 99-105m) and LTAC006 (88-93m and 96-99m). Brine production was also reported from some drill holes either at the contact with the basement metasediment (for example, LTAC005 @ 102m, at contact with basement shale) or within the basement metasediments (for example LTAC016, within basement quartzite and mudstone). Air-core drilling is scheduled to recommence in late January 2021 (weather permitting), with assay results from the remainder of the drilling expected by early March. A maiden JORC Mineral Resource Estimate is expected to be released next Quarter once the air-core drilling is complete and all results have been received and analysed. The Company's exploration team, with assistance from independent consultants, has commenced work to estimate a maiden JORC Exploration Target for the Lake Throssell Project, based on all available data gathered to date. This Exploration Target is expected to be published next month and will provide investors with an initial indication regarding the scale of this first stage of the project with additional surrounding tenement applications to be included in future drilling programs, once granted. Announcement • Oct 16
Trigg Mining Limited announced that it expects to receive AUD 0.74662 million in funding Trigg Mining Limited (ASX:TMG) announced a private placement of 5,333,000 shares at an issue price of AUD 0.14 per share for gross proceeds of AUD 746,620 on October 15, 2020. The company will also issue 2,666,500 options expiring October 31, 2022 deferred with exercise price of AUD 0.000001. The transaction is expected to close on October 20, 2020. Announcement • Sep 26
Trigg Mining Limited Expands Strategic Footprint at Lake Throssell Sulphate of Potash Project in Western Australia Trigg Mining Limited advised that it has expanded its strategic footprint at the highly prospective Lake Throssell Sulphate of Potash Project in Western Australia with a new tenement application covering interpreted extensions to the prospective palaeochannel to the south. This tenement is adjacent to existing Throssell tenements. The new application will also improve project access and future site layout options by incorporating the Great Central Road which will play a key role in transport logistics. The expanded tenure covers potential extensions of the palaeochannel to the south-east beyond the existing tenement area defined by the recent ground gravity traverses, including a large interpreted bend in the palaeochannel. 
