Mitre Mining — Trigg Mining — RIU Explorers Conference 2021
20 slides from Mitre Mining's conference presentation, Feb 16, 2021
Slide 1: Lake Throssell: Australia's new high-grade SOP growth project
RIU Explorers Conference 16 February 2021 Lake Throssell: ASX : TMG Australia’s new high- #mining4farmers grade SOP growth project Moving rapidly up the value curve at an exciting new Australian potash discovery Keren Paterson Managing Director & CEO 2020 copyrights@triggmining.com.au 1
Slide 2: The Trigg Mining Investment Proposition
THE TRIGG MINING INVESTMENT PROPOSITION – A new entrant to WA’s rapidly growing potash industry – listed Oct 2019 – Focused on a potential company-making Lake Throssell Sulphate of Potash Project – Large, high-grade discovery with potential to underpin a multi-decade operation – Substantial maiden E
Slide 3: Lake Throssell SOP Project
LAKE THROSSELL SOP PROJECT Exploration Target – 7.5-27Mt @ 9,000-10,000 mg/L SOP Early morning at Lake Throssell, looking east from the helicopter T RIG G M INING LIM IT ED 3
Slide 4: Corporate Overview
CORPORATE OVERVIEW ASXBOARD Codes OF DIRECTORS AND EXECUTIVE LEADERSHIP TMG – Ordinary Shares TMGO & TMGOA– Listed Options Ordinary Shares (including escrow) 80,004,761 Board of Directors $0.19 listed options (exp 31/10/21) 30,137,500 Managing Director & CEO Keren Paterson $0.19 unlisted options (ex
Slide 5: Positioned to rapidly respond to growing demand for high-quality fertilisers
POSITIONED TO RAPIDLY RESPOND TO GROWING DEMAND FOR HIGH-QUALITY FERTILISERS 100% ownership of two solar Sulphate of Potash Projects Lake Throssell SOP Project Lake Rason SOP Project 1 Exploration Target of 7.5 – 27Mt 2 Inferred Mineral Resource of @ 9,000-10,000mg/L SOP1 6Mt SOP1 1,585km2 of strate
Slide 6: Why Sulphate of Potash?
WHY SULPHATE OF POTASH? 6
Slide 7: What is Sulphate of Potash (SOP)?
WHAT IS SULPHATE OF POTASH (SOP)? SOP (Potassium Sulphate, K2SO4) is an essential fertiliser for high-value, chloride sensitive crops such as fruit, vegetables, avocados, coffee beans, grapes, tree nuts, cocoa, anything grown under glass and in arid and acidic soils. POTASSIUM (K2) › Essential for a
Slide 8: Steady demand growth driven by global mega trends
STEADY DEMAND GROWTH DRIVEN BY GLOBAL MEGA TRENDS World Arable Fertiliser Global SOP Population Land Application Demand 1.1% pa growth Reduced by more than one Increased by more than 30% 7 Mt expanding to reach 8.6 billion in 2030 third in the 40 years to 2015 in the past 15 years at 3% pa Global ar
Slide 9: Brine SOP – Lowest Cost Production
BRINE SOP – LOWEST COST PRODUCTION • Primary production of SOP, from brine, is the lowest cost source of SOP but there is insufficient resources available to meet global demand of ~7Mtpa. With the natural endowment of the minerals dissolved in • The Mannheim Process is required to meet demand. The p
Slide 10: Trigg Mining's SOP Projects
TRIGG MINING’S SOP PROJECTS Early morning at Lake Throssell, looking west from the helicopter T RIG G M INING LIM IT ED 10
Slide 11: Geology / Hydrogeology
GEOLOGY / HYDROGEOLOGY The projects lie near the terminus of extensive palaeovalley catchment areas (ancient river valleys) which extend for over 500km and are underlain by potassium-bearing source rocks (granites, sandstones and salt diapirs). Brine solutions carrying potassium mineralisation have
Slide 12: Lake Throssell Sulphate of Potash Project
LAKE THROSSELL SULPHATE OF POTASH PROJECT A high-grade sulphate of potash discovery HIGHLIGHTS OF RECENT EXPLORATION • 1,085km2 of tenure and ~112km of interpreted palaeovalley extent • Highest grade so far – 6,660mg/L K or 14,800 mg/L SOP equivalent Lake Throssell is a high-grade SOP discovery T
Slide 13: Lake Throssell Sulphate of Potash Project
LAKE THROSSELL SULPHATE OF POTASH PROJECT Exploration Target Highlights Large Scale Potential HIGHLIGHTS • Exploration Target of 7.5 – 27Mt @ 9,000-10,000mg/L SOP • A large, high-grade SOP project adjacent to infrastructure With genuine potential to become a long-life, low-cost, multi-decade prima
Slide 14: Lake Rason Sulphate of Potash Project
LAKE RASON SULPHATE OF POTASH PROJECT Potential satellite project • The Lake Rason Project covers 500km² including 194km2 of playa lake and 64km of interpreted palaeovalley • Inferred Mineral Resource of 6Mt @ 5,080 mg/L SOP1 • Potential to increase volume and grade to the west within the newly gran
Slide 15: Market Capitalisation of Australian SOP Companies
MARKET CAPITALISATION OF AUSTRALIAN SOP COMPANIES $350 $300 $250 Trigg Mining – a ground floor investment $200 $ million opportunity in an exciting new Australian growth industry $150 $100 $50 $- Trigg Mining Reward Minerals Aust. Potash Agrimin Kalium Lakes Salt Lake Potash Based on share prices as
Slide 16: Why Invest in Trigg Mining?
WHY INVEST IN TRIGG MINING? • Low-risk jurisdiction – Western Australia ASX : TMG • Strategic landholding – 100% rights to 1,585km2 of tenure • Lake Throssell – A rapidly evolving large, high-grade discovery with real potential to become a long-life, low cost primary source of SOP • Well supported b
Slide 17: Disclosures and Disclaimers
DISCLOSURES AND DISCLAIMERS Cautionary Statement This presentation (Presentation) is for informational purposes only and is not a prospectus, disclosure document or offer document under the Corporations Act 2001 (Cth) (Corporations Act) or any other law. This Presentation does not constitute, and is
Slide 18: Appendix – Lake Rason Inferred Mineral Resource
APPENDIX – LAKE RASON INFERRED MINERAL RESOURCE Total Specific Drainable Volume Brine Volume Drainable Brine K Grade SO4 Grade SOP Grade Total Brine SOP Aquifer Type Porosity Yield Brine SOP (106 m3) (106 m3) Volume (106 m3) (mg/L) (mg/L) (mg/L) Mass (Mt) (-) (-) Mass (Mt) Surficial 3,060 0.40 1220
Slide 19: Appendix – SOP Evaporation Process
APPENDIX – SOP EVAPORATION PROCESS PUMPING FROM SOLAR EVAPORATION HARVESTING PURIFICATION SOP TRENCHES AND BORES FERTILISER T RIG G M INING LIM IT ED 19
Slide 20: Level 1, Office E, 1139 Hay Street West Perth, WA 6005 info@triggmining.com.au
Level 1, Office E, 1139 Hay Street West Perth, WA 6005 (08) 6114 5685 info@triggmining.com.au www.triggmining.com.au T RIG G M INING LIM IT ED 20