For thousands of other reports visit RSC's Mineral Intellingence Map
Australian Potash Ltd.
Summary
| Project: | Lake Wells | |
|---|---|---|
| Deposit: | Lake Wells | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 8/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2019: Australian Potash Ltd. announces a Feasibility Study report for its Lake Wells deposit at the Lake Wells project. DFS results incl. pre-tax NPV (8%) of A$665M, IRR of 25%. Australian Potash Limited (ASX: APC) (APC or the Company) is pleased to | |
| Resources: | (Reserve, Prob.): 3.6Mt | |
| CP/QP: | [Overall Report]: Duncan Gareth Storey (AQ2 Pty Ltd.) | |
| ABSTRACT: | Australian Potash Limited (ASX: APC) (APC or the Company) is pleased to provide shareholders with a summary of the findings of the Definitive Feasibility Study (DFS) on the development of its 100% owned Lake Wells Sulphate of Potash Project (LSOP). Managing Director and CEO, Matt Shackleton, commented: “The APC team are understandably proud to deliver the findings of the DFS on developing the LSOP as one of the state’s premier mining/agricultural operations. “Our premium high-grade Sulphate of Potash Project will be a hallmark operation in commencing a new export industry for the Eastern Goldfields region of Western Australia. We also plan to reserve a significant portion of output for the Australian market. “The Project will use a bore-field to abstract brine, mitigating the geotechnical challenges and decline in grade and production over time, evident in trenching systems. “The Project has an extremely competitive capital intensity, forecast first quartile operating costs and exceptional returns. “The completion of the DFS enhances APC’s ability to finalise binding off-take agreements, optimise and secure the finance debt package, finalise the approvals process and commence FEED activities. “We look forward to continuing to update shareholders as the Board considers the next important steps in the development of the Project.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report