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Agrimin Ltd.
Summary
| Project: | Mackay | |
|---|---|---|
| Deposit: | Mackay | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 8/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 23-8-2016: Agrimin Ltd. announces a Scoping Study report for its Mackay deposit at the Mackay project. Scoping study results incl. SOP production rate of 370000t per year over 20 year life. Agrimin Limited (ASX: AMN) (“Agrimin” or “the Company”) is please | |
| Resources: | (Resource): 4.3Mt SOP (Ind.) and 18.9Mt SOP (Inf.) | |
| CP/QP: | [Overall Report]: David Gordon (Lycopodium Minerals Pty Ltd.) | |
| ABSTRACT: | Agrimin Limited (ASX: AMN) (“Agrimin” or “the Company”) is pleased to announce that the Scoping Study (“Study”) for its 100% owned Mackay Sulphate of Potash (“SOP”) Project in Western Australia has delivered positive outcomes. The Board of Agrimin has approved the Project’s progression to a Pre-Feasibility Study. The Study has been completed on the basis of steady-state brine extraction of 66.5 gigalitres (“GL”) per year over a 20 year life. The Mackay brine deposit commences just below the surface and the Study incorporates extraction trenches to a depth of only 5.5m into the lakebed. SOP production begins with pumping brine from trenches into a series of solar evaporation ponds. It is planned to dry harvest crystallised Potassium salts from the ponds. The process route consists of flotation followed by crystallisation for SOP recovery. The process plant has been designed for a production target of 370,000 tonnes per annum (“tpa”) of SOP. The key operating assumptions which underpin the production target are an annual brine extraction rate of 66.5GL, an average Potassium concentration of 3,603mg/L of brine and an average overall Potassium recovery of 69.3%. Pure SOP contains 44.87% Potassium by weight percentage. The SOP products will be transported in bulk by road trains to a rail load-out located in Alice Springs and then railed to one of the port options for shipment. | |
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