Trigg eyes IPO window

PRIVATE Perth-based sulphate of potash hopeful Trigg Mining is getting onto the initial public offer treadmill with a float planned for later in the year to support exploration of its Laverton Links and Lake Throssell projects in Western Australia’s Goldfields region.

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Trigg’s shareholders will vote on the IPO path early next week.

The board decision to pursue an IPO follows raising of A$1.8 million in seed funding, including $1 million tipped in by CPS Capital, which should give the company sufficient to advance its earn-in for some of paleochannels and playa lakes prospective for potash-rich brine.

The IPO window is likely to be in the second quarter, and managing director Keren Paterson told MNN that during the seed funding it became clear there is market support for both the company’s management and the potential for very strong margins over a long life in what is a new Western Australian sector.

The company is spending $800,000 before July 2019 to earn 80%. It has already spent half that to earn an initial 44% under...