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Danakali Ltd.
Summary
| Project: | Colluli | |
|---|---|---|
| Deposit: | Colluli | |
| Location: | Eritrea | |
| Commodities: | Magnesium-Potash-Halite | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 19-2-2018: Danakali Ltd. announces a Resource Estimation report for its Colluli deposit at the Colluli project. Updated Ore Reserve at the project. Danakali Limited (ASX: DNK) (Danakali, or the Company) is pleased to confirm an updated JORC-2012 co | |
| Resources: | (Reserve, P+P): 1.1Bt @ 10.5% K2O Eq for 203Mt contained at Colluli | |
| CP/QP: | [Overall Report]: Mark Chesher (AMC Consultants Pty Ltd.) | |
| ABSTRACT: | Danakali Limited (ASX: DNK) (Danakali, or the Company) is pleased to confirm an updated JORC-2012 compliant Sulphate of Potash (SOP) Ore Reserve for the Colluli Potash Project (Colluli, or the Project), located in Eritrea, East Africa. The Colluli SOP Ore Reserve was updated as part of the Front End Engineering Design (FEED) phase (ASX announcement 29 January 2018). The Project is 100% owned by the Colluli Mining Share Company (CMSC), a 50:50 joint venture between Danakali and the Eritrean National Mining Corporation (ENAMCO). Danakali engaged recognised, capable and competent consultants for the development of FEED and the associated cost estimates, including many who were involved with the Colluli definitive feasibility study (DFS) (ASX announcement 30 November 2015), providing the engineering team with a high level of specific Colluli expertise and study continuity. The FEED phase of study investigated options to improve SOP production and cost outcomes for the Project. The Colluli SOP Ore Reserve estimate, as at 29 January 2018, is based on a plant configuration comprising two processing modules and offsite water infrastructure to support the site water requirements. Modifying factors for SOP Ore Reserve estimation are drawn from the sections of the FEED and DFS reports as required. This is the third SOP Ore Reserve estimate for the Colluli Potash Project. This estimate replaces the SOP Ore Reserve reported on 30 November 2015. | |
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