Trigg Mining (ASX: TMG) has added more ground to its sulphate of potash (SOP) portfolio in Western Australia, announcing the grant of a new tenement adjoining its Lake Rason project.
The company had entered into an agreement to purchase exploration licence E38/3437 last December for $22,000, payable in shares upon grant, of which it today confirmed it has issued 116,402 fully paid shares for full 100% ownership.
The licence covers about 96.2sq km across the western end of Lake Rason and contains about 10km of additional strike at the higher-grade end of the lake.
Trigg said the additional ground has the potential to enhance the existing Lake Rason inferred mineral resource estimate, which currently totals 6 million tonnes at 5,080 milligrams per litre SOP.
The Lake Rason deposit is part of the company’s broader strategic plan for a SOP production hub, centred at its flagship high-grade Lake Throssell SOP project.
This latest acquisition follows Trigg’s announcement last month that it had lodged a new tenement application to potentially enlarge Lake Throssell to 937sq km.
Lake Throssell maiden drilling campaign…
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