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Agrimin Ltd.
Summary
| Project: | Mackay | |
|---|---|---|
| Deposit: | Mackay | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 1/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-1-2020: Agrimin Ltd. announces a Resource Estimation report for its Mackay deposit at the Mackay project. Potash resource upgraded by 470%. Agrimin Limited (ASX: AMN) (“Agrimin” or “the Company”) is pleased to report the updated Mineral Res | |
| Resources: | (Resource): 123Mt SOP (based on drainable porosity) | |
| CP/QP: | [Resources]: Derek Loveday (Stantec Consulting Services Inc.) | |
| ABSTRACT: | Agrimin Limited (ASX: AMN) (“Agrimin” or “the Company”) is pleased to report the updated Mineral Resource estimate for the Mackay Potash Project in Western Australia. Mark Savich, CEO of Agrimin said: “We are delighted to announce a very significant upgrade to the Mineral Resource for the Mackay Potash Project. This is the culmination of several years of data collection and extensive hydrogeological modelling, which we believe to represent an industry leading level of rigour in de-risking the project. Importantly, the outcomes exceed the parameters used in the 2018 Pre-Feasibility Study.” “Lake Mackay is a world-class SOP project and we look forward to providing regular updates as we finalise the Definitive Feasibilty Study over the coming months.” The Mackay Potash Project is situated on Lake Mackay in Western Australia, as shown in Figure 1. Agrimin is currently completing a Definitive Feasibility Study (“DFS”) for the project, which is scheduled for Q2-2020. Lake Mackay’s hydrogeological setting and favourable brine chemistry provide important attributes that support the development of a globally significant SOP operation. Lake Mackay is the largest known potash-bearing salt lake in Australia covering an area of approximately 3,500km2 . The salt lake is comparable in size to the two major sources of primary SOP production, being the 4,400km2 Great Salt Lake in the USA and the 5,500km2 Lop Nur (Luobupo operation) in China. | |
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