Trigg Mining : Resources Rising Stars Conference Presentation

For personal use only

3 JUN 2022

ASX: TMG

Investor Presentation

Trigg Mining Limited (ASX: TMG) (Trigg or the Company) is pleased to announce its participation in the Resources Rising Stars Mining Investor Conference, to be held Tuesday 7th June 2022 at 11:45am AEDT / 9:45AM AWST.

Managing Director and CEO Keren Paterson will provide an overview of the Company which is developing the Lake Throssell Sulphate of Potash (SOP) Project in Western Australia. The project hosts a large SOP mineral resource with the potential to support a globally significant operation.

The conference can be viewed live and will provide viewers the opportunity to hear from a range of ASX-listed leading micro/mid cap companies.

To access further details of the event and to register at no cost, please copy and paste the following link into your internet browser HTTPS://WWW.RRSINVESTOR.COM/SITE/CONTENT/

A copy of the investor presentation to be delivered during the conference is attached.

This announcement was authorised to be given to ASX by the Board of Directors of Trigg Mining Limited.

Keren Paterson

Managing Director & CEO

Trigg Mining Limited

For more information please contact:

Keren Paterson	Nicholas Read
Managing Director & CEO	Investor & Media Relations
Trigg Mining Limited	Read Corporate
[phone]	[phone]
[e-mail]	[e-mail]

Level 1, Office E, 1139 Hay Street, West Perth, Western Australia 6005 TRIGGMINING.COM.AU [phone] [e-mail]

ersonal use only

Trigg Mining

Developing a global top 10 sulphate of potash project in Western Australia

Resources Rising Stars

RACV Royal Pines Gold Coast

7 June 2022

Sustainable Mining for Sustainable Agriculture

ASX : TMG

#mining4farmers

ersonal use only

DISCLOSURES AND DISCLAIMERS

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 not to be construed as, an offer to issue or sell, or a solicitation of an offer or an invitation to subscribe for, buy or sell securities in Trigg Mining Limited ACN 168 269 752 (ASX:TMG) (Trigg or the Company). The material contained in this Presentation is of general information about the activities of the Company current as at the date of this Presentation. It is provided as a summary and does not purport to be complete.

To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted by the Company, including any of its related bodies corporate. This Presentation is not a financial product and does not consider the investment objectives, taxation situation, financial situation or needs of individuals. You should not rely upon it as advice for investment purposes, as it does not take into account your investment objectives, financial position or needs. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate.

Cautionary Statement

The Scoping Study referred to in this is Presentation is based on the Scoping Study released by Trigg to ASX on 05 October 2021 titled "Positive Scoping Study for Lake Throssell Sulphate of Potash Project following Mineral Resource Upgrade"(Scoping Study Announcement).

The Company advises the Scoping Study referred to in this Presentation has been undertaken to determine the potential viability of the Lake Throssell Sulphate of Potash Project (the Project) in Western Australia. The Scoping Study is a preliminary assessment based on low accuracy technical and economic assessments (±25-35% Class 5). It is insufficient to support the estimation of Ore Reserves or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the Scoping Study will be realised. Further exploration and evaluation work and appropriate studies are required before the Company will be able to estimate any Ore Reserves or to provide any assurance of an economic development case.

The Scoping Study is based on the material assumptions outlined in the Scoping Study announcement. These include assumptions about the availability of funding. While the Company considers all of the material assumptions to be based on reasonable grounds, there is no certainty that they will prove to be correct or that the range of outcomes indicated by the Scoping Study will be achieved.

The Inferred and Indicated Mineral Resource estimate underpinning the production target was prepared by a competent person in accordance the JORC Code (2012). Over the payback period 82% of the production target is sourced from Indicated and 18% from Inferred Drainable Mineral Resources. Over the life of mine 70% of the production target is derived from Indicated Drainable Resources and 41% of the Total Drainable Mineral Resource estimate is scheduled over the life of mine. The inclusion of the Inferred Drainable Mineral Resource in the production target does not impact technical or financial viability. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Measured or Indicated Mineral Resources or that the Production Target or preliminary economic assessment will be realised.

To achieve the range of outcomes indicated in the Study, funding for capital and working capital requirements in the order of $412 million will likely be required. Investors should note that there is no certainty that the Company will be able to raise that amount of funding when needed. It is also possible that such funding may only be available on terms that may be dilutive to or otherwise affect the value of Trigg's existing shares. It is also possible that Trigg could pursue other 'value realisation' strategies such as a sale, partial sale or joint venture of the Project. If it does, this could materially reduce Trigg's proportionate ownership of the Project.

The Scoping Study results contained in this Presentation relate solely to the Project and does not include Exploration Targets or Mineral Resources defined elsewhere. The Company has concluded it has a reasonable basis for providing the forward-looking statements included in this Presentation.

The Project will need environmental approvals and the grant of a mining lease. Although the Company currently sees no impediment to acquiring these, there is no guarantee that the Company will be able to obtain these or obtain them within the timeframe proposed in the Project development schedule. Given the uncertainties involved, investors should not make any investment decision based solely on the results of the Scoping Study.

TRIGG MINING LIMITED		2

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DISCLOSURES AND DISCLAIMERS cont.

Forward Looking Statements

This Presentation contains 'forward-looking statements' that are based on TMG's expectations, estimates and projections as of the date on which the statements were made. These forward-looking statements include, among other things, statements with respect to prefeasibility and definitive feasibility studies, TMG's business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as 'outlook', 'anticipate', 'project', 'target', 'potential', 'likely', 'believe', 'estimate', 'expect', 'intend', 'may', 'would', 'could', 'should', 'scheduled', 'will', 'plan', 'forecast', 'evolve' and similar expressions. Persons reading this Presentation are cautioned that such statements are only predictions, and that TMG's actual future results or performance may be materially different. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause TMG's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to the risk factors set out in the Scoping Study Announcement. The forward-looking statements included in this document speak only as of the date of this Presentation. Except where required by law or the ASX Listing Rules, the Company doesn't not intend to update or revise the forward-looking statements in this Presentation in the future.

Key Assumptions

Average LOM AUD/USD exchange rate of 0.73, SOP Price of US$550/t LOM, State Government Royalty of $0.73/t and 8% discount rate. All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. Figures, amounts, percentages, estimates, calculations of value and other factors used in his presentation are subject to the effect of rounding.

Following the release of the Scoping Study announcement the Western Australian Government announced on 12 May 2022 a royalty for SOP of 5%. This increases the State Government Royalty to $38/t (based on US$550/t) and has a negative $71M impact on the Project's NPV.

Competent Person Statement

The Mineral Resource Estimate was first announced, together with a Competent Person's Statement from Mr Adam Lloyd of Aquifer Resources Pty Ltd, on 05 October 2021 in the announcement titled "Positive Scoping Study for Lake Throssell Sulphate of Potash Project following Mineral Resource Upgrade" and for information referring to the exploration results at Lake Yeo in this document, refer to announcement dated, 21/03/22. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, Exploration Target or Ore Reserves that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements; and that the information in the announcement relating to exploration results is based upon, and fairly represents the information and supporting documentation prepared by the named Competent Persons.

Production Targets and Financial Forecasts

The production target was first announced on 05 October 2021 in the announcement titled "Positive Scoping Study for Lake Throssell Sulphate of Potash Project following Mineral Resource Upgrade". The Company confirms that it is not aware of any new information or data that materially affects the assumptions underpinning the production target or the forecast financial information derived from the production target.

Acceptance

By attending an investor presentation or briefing, accessing or reviewing this document you acknowledge and agree to the "Disclosure and Disclaimers" set out above.

TRIGG MINING LIMITED		3

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GLOBAL FOOD SECURITY

• Growing world population - almost 8 billion people, increasing to
  8.6 billion by 2030
• Changing demographics - increasing demand for higher nutrient food
• Increasing urbanisation - reducing areas of arable land
• • Need higher yields (or more from less)
• Geopolitics - supply disruptions and distortions in fertiliser supply

TRIGG MINING LIMITED

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