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Parkway Minerals NL
Summary
| Project: | Dandaragan Trough | |
|---|---|---|
| Deposit: | Dandaragan Trough | |
| Location: | Australia | |
| Commodities: | Phosphate-Potash | |
| Date: | 9/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-9-2017: Parkway Minerals NL announces a Resource Estimation report for its Dandaragan Trough deposit at the Dandaragan Trough project. Exploration target estimate for Dandaragan Trough Fertiliser Project. Parkway Minerals NL (“PWN”, “Parkway” or “the C | |
| Resources: | (Exploration Target): 590-745Mt Phosphate @ 1.5-2.5% P2O5 for Dandaragan Project | |
| CP/QP: | [Overall Report]: J.J.G. Doepel (Continental Resource Management Pty Ltd.) | |
| ABSTRACT: | Parkway Minerals NL (“PWN”, “Parkway” or “the Company”) is pleased to announce new Exploration Targets in the Dandaragan Trough. The Dandaragan Trough Fertiliser Project covers an area of 1,050 square kilometres in the Midwest wheat belt region of Western Australia, some 175 km by road north of Perth. Development is focused on the Dinner Hill Deposit in the north western corner of the project where the company has established JORC 2012 resources (refer ASX announcement dated 26 September 2017) for both Phosphate and Potash mineralization (Figure 1). In addition the company has an extensive tenement holding in the Dandaragan Trough covering prospective greensand sequences where wide spaced exploration drilling by the company and other explorers has defined potash and phosphate mineralisation. Recent geological modelling of wide spaced exploration drilling undertaken by the company and earlier explorers by the Company’s resource consultants Continental Resource Management (“CRM”) has allowed exploration targets for both Potash and Phosphate to be estimated on four prospects within the southern portion of the Project area. Parkway Minerals MD, Patrick McManus stated “These additional Exploration Targets reinforces our belief that the Dandaragan Trough has the potential to be a multi-decade supplier of phosphate and potash fertilisers to the regional agricultural sector, which is currently dependent on imports to meet the growing demand. The location of the Dinner Hill Project and the Exploration Targets is shown in Figure 2.” | |
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