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Parkway Minerals NL

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Summary

Project:

Dandaragan Trough

Deposit:Dambadgee
Location:Australia
Commodities:Phosphate-Potash
Date:8/21/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:21-8-2018: Parkway Minerals NL announces an Exploration/Drilling Update report for its Dambadgee deposit at the Dandaragan Trough project. Drilling results incl. 57m @ 3.80% K2O, 1.06% P2O5 from 92m. Parkway Minerals NL (ASX: PWN) (Parkway or “The Company
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Not stated (n/a)
ABSTRACT:Parkway Minerals NL (ASX: PWN) (Parkway or “The Company”) is pleased to announce the results of a recently completed drill program on the Company’s Dandaragan Fertiliser Project (Figure 1). The program, comprising 40 air core holes for 1788 m, was drilled within the Dambadgee and Dinner Hill South Exploration Targets, part of the Dandaragan Fertiliser Project (refer ASX announcements “Update of Resources and Exploration Target Dinner Hill Deposit” and “New Exploration Targets for Dandaragan Trough Fertiliser Project “released 26th and 28th September 2017). Drill hole locations are shown in Figure 2. Complete drill results are included in Table 1. The Dambadgee area has demonstrated extensive showings of thick sequences of greensands, some over 50 metres. Parkway Minerals owns over 1,000 sq km of exploration licences in the Dandaragan Trough, which contains extensive deposits of greensands. Greensands consist of quartz, glauconite, phosphates and minor clays. Glauconite is rich in potassium, which is the key ingredient in potash[AG-L1]. Parkways patented K-Max® process recovers the potassium from the glauconite as Sulphate of Potash (SOP). As part of the process, phosphates and other chemicals would be recovered as by-products. The location of the Dandaragan Trough is favourable for an agricultural mineral mining project. Excellent multi-user infrastructure exists close to the project site, with power, rail, water, gas and roads all close by.

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