Aspiring sulphate of potash producer Trigg Mining has delayed its Australian Securities Exchange listing.
The Perth-based company, headed by Goldfields mining figure Keren Paterson, was scheduled to hit the ASX boards on Monday this week.
However, it has been pushed back to “on or around” September 25 after the junior explorer extended its initial public offering.
Trigg intends to issue 22.5 million shares at 20¢ each, with one free-attaching listed option for every two shares subscribed for to raise $4.5 million.
In a statement to shareholders, Ms Paterson said fundraising efforts were “well advanced”.
She noted stockbroking firm CPS Capital had requested the extension to complete ASX admission requirements.
Trigg was founded by Ms Paterson, a WA School of Mines graduate, about four years ago in an attempt to extract potassium-rich harvest salts from its northern Goldfields tenements to process into sulphate of potash.
The former mining engineer had been travelling from Geraldton to Esperance to muster farmers’ support ahead of the ASX listing.
Trigg’s project portfolio includes the 2350sqkm Laverton Links, based between 35km and 190km east of Laverton, and a 323sqkm landholding at nearby Lake Throssell.
Fellow potash-focused juniors such as Kalium Lakes and Australian Potash are among companies vying to become Australia’s first commercial SOP producer.