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.