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Australian Potash Ltd.
Summary
| Project: | Lake Wells | |
|---|---|---|
| Deposit: | Lake Wells | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 3/23/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-3-2017: Australian Potash Ltd. announces a Scoping Study report for its Lake Wells deposit at the Lake Wells project. Updated Mineral resource Estimate and Scoping Study results. Australian potash developer Australian Potash Limited (ASX: APC) is pleas | |
| Resources: | (Resource, I+I): 14.7 Mt @ 7896mg/L SOP | |
| CP/QP: | [Resources]: Jeffery Lennox Jolly (AQ2) | |
| ABSTRACT: | Australian potash developer Australian Potash Limited (ASX: APC) is pleased to advise it has completed a Scoping Study on the development of its 100%-owned Lake Wells Potash Project in Western Australia (the Project). The Scoping Study has exceeded expectations and confirms that the Project’s economic, financial and technical aspects are all exceptionally strong, and highlights APC’s potential to become a significant long-life, low capital and high margin sulphate of potash (SOP) producer. In light of these strong findings, APC will immediately move to conduct brief optimisation studies, site investigations and test-work, all of which will form the basis for a Feasibility Study planned to commence in Q2 2017. APC’s Executive Chairman Matt Shackleton, commented, “This Scoping Study shows that the Lake Wells Potash Project, located 500km north-east of Kalgoorlie, will enjoy considerable production scale, low capital expenditure, high margins and a long mine life. “From initial planned production rates, we have numerous opportunities to expand production capacity to meet growing demand and the market environment at the time. The Project has the right location, the right brine chemistryand the right extraction method of the resource, to truly allow for numerous expansion pathways. In addition, we have identified numerous potential upside opportunities for the Project, which in turn allows for the optimisation of fundability and economic returns and positions APC exceptionally well to dominate Australian SOP supply. “In light of these strong findings, we are commencing optimisation studies before quickly moving to a Feasibility Study, beginning with building a pilot harvest pond. The optimisation studies and Feasibility Study will generate strong newsflow over the coming months as we seek to expedite technical studies, funding discussions and Project development.” | |
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