Trigg gets infrastructure boost along The Outback Way
Trigg Mining is set to directly benefit from $678 million in state and federal government funding earmarked to upgrade “The Outback Way”. Touted as Australia’s longest shortcut, The Outback Way carves a well-worn 2,700 kilometre track through the heart of Australia from Laverton in Western Australia all the way to Winton in Queensland, passing through the heart of the Northern Territory’s red centre. The newly bituminised stretch of road will pass through Trigg’s tenure connecting the company’s developing Lake Throssel potash project, located about 170km northeast of Laverton, with key domestic and international export markets.
Trigg delivered a robust scoping study in October last year evaluating the proposed development of its Lake Throssell sulphate of potash, or “SOP” fertiliser project. The company says the project could generate nearly $100m a year in EBITDA over an initial 21-year mine life. Production at Lake Throssell is anticipated to involve harvesting of saline brine water from subterranean aquifers. In turn, solar evaporation of the brine will generate a naturally forming SOP for use as a fertiliser and other industrial purposes around the world.
As the company progresses down the pathway to development, it should be a sweet ride for Trigg along The Outback Way against the felicitous backdrop of strengthening global potash prices.
Outback Way gets the nod
The creator of the ambitious project providing a direct road route between the Goldfields and central Queensland said he “drew a tear” when he heard that $678 million had been pledged to finish off the long-running project. The Federal Government announced on Monday that it would invest the money to seal the remaining 1000km of the Outback Way, creating thousands of jobs and better connecting regional industries and communities.
Nicknamed Australia’s “longest shortcut”, the Outback Way spans 2700km between Laverton and Winton and has secured about $400 million since 2006, with 1500km of the route so far sealed.
Chairman of the Outback Highway Development Council for 25 years, Laverton’s Pat Hill, said he was
overwhelmed with emotion when he heard the funding had been committed to complete the billion-dollar project he conceived in the mid-1990s.
“It’s overwhelming really, I didn’t expect it but I’m very excited that we will see the end of it now, that it’s actually going to happen,” he said.
“Over the years we seemed to take three steps forward and two steps backwards and were always one step ahead, which was the most important part, but all these issues popped up and we have finally worn all of them out. The road will be a huge economic boost to our local communities.”
There will be over 1080 new jobs created as part of this project.
CREDIT – Countryman