http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Wed, 26 Apr 2017 17:47:40 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Parkway Minerals NL accepts Lithium Australia's offer for Lepidico shares ]]> http://www.proactiveinvestors.com.au/companies/news/175495/parkway-minerals-nl-accepts-lithium-australia-s-offer-for-lepidico-shares-175495.html Parkway Minerals NL (ASX:PWN) has outlined that it has completed the transaction foreshadowed in the ASX announcement of 6th February 2017.

The company has accepted Lithium Australia's (ASX:LIT) conditional offer of 1 LIT share for 13.25 Lepidico (ASX:LPD) shares held.

Parkway said that it looks forward to the completion of the offer and a renewed focus on developing new technologies that will enhance processing options for lithium minerals.

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Tue, 28 Mar 2017 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175495/parkway-minerals-nl-accepts-lithium-australia-s-offer-for-lepidico-shares-175495.html
<![CDATA[News - Parkway Minerals NL sees potash and lithium potential in salt lakes ]]> http://www.proactiveinvestors.com.au/companies/news/173504/parkway-minerals-nl-sees-potash-and-lithium-potential-in-salt-lakes-173504.html Parkway Minerals NL (ASX:PWN) has expanded into Western Australia’s salt lake sector with the establishment of the Lake Barlee Potash/Lithium Brine Project, northwest of Kalgoorlie.

Geoscience Australia in 2013 identified Lake Barlee as having potential to host potassium and lithium mineralisation in the lake sequences.

The company’s exploration strategy will be to locate areas within the lake that may contain commercially significant concentrations of potassium or lithium brine.

Should Parkway’s exploration be successful, the Lake Barlee project holds significant cost advantages as it is close to existing rail and other infrastructure.

Patrick McManus, managing director, commented: “This transaction allows Parkway to accelerate its evaluation programme on Lake Barlee. The region is very prospective as a source of potash from brines.

“Western Australia, Australia and our near regional neighbours are significant consumers of potash so there is a window of opportunity there for new local, low-cost supplies for the agricultural sector.”


Lake Barlee project

The company has secured 10 exploration licenses covering 1,834 square kilometres of Lake Barlee giving Parkway the dominant landholding on the lake.

Parkway has pegged 9 exploration licenses which are still in the application process and recently agreed to purchase granted exploration licence 77/2347 from Dakota Minerals (ASX:DKO).

The opportunity to acquire EL 77/2347 from Dakota Minerals has allowed Parkway to accelerate the project’s exploration program.

The acquisition cost is the payment of $15,000 worth of Parkway shares.


Next steps

Parkway will shortly undertake a shallow auger sampling program over the recently acquired Dakota tenement and field reconnaissance over the remainder of the area.

A “proof of concept” aircore drill program utilising a specialist lake drill rig is being planned to determine the presence of basal channel sands and the geochemistry of the brine waters.

This work is expected to be undertaken later in the year once key tenements have been granted.

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Wed, 22 Feb 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173504/parkway-minerals-nl-sees-potash-and-lithium-potential-in-salt-lakes-173504.html
<![CDATA[News - Parkway Minerals enters agreement with Lithium Australia NL over Lepidico offer ]]> http://www.proactiveinvestors.com.au/companies/news/172659/parkway-minerals-enters-agreement-with-lithium-australia-nl-over-lepidico-offer-172659.html Parkway Minerals (ASX:PWN) has this morning outlined that it has reached an agreement with Lithium Australia NL (ASX:LIT) regarding 97 million Lepidico (ASX:LPD) shares owned by the company.

Parkway has agreed to sell all its shares subject to various conditions.


The offer

Earlier today Lithium Australia said that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in fellow Western Australia lithium explorer and developer, Lepidico.

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

Adrian Griffin, managing director for LIT, commented:

"The combined entity is likely to be significantly more attractive for investors and financiers as well as a global leader in lithium processing at a time of unprecedented lithium demand."

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Mon, 06 Feb 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172659/parkway-minerals-enters-agreement-with-lithium-australia-nl-over-lepidico-offer-172659.html
<![CDATA[News - Parkway Minerals NL becomes a substantial shareholder of Davenport Resources ]]> http://www.proactiveinvestors.com.au/companies/news/171925/parkway-minerals-nl-becomes-a-substantial-shareholder-of-davenport-resources-171925.html Parkway has a stake of 26.1%, following a successful spin-out.

Davenport will focus on potash exploration in the South Harz region of central Germany.

Patrick McManus, managing director for Parkway, commented: "The region has been a significant potash producer in the past and we believe that modern exploration and production techniques may allow a revitalization of the field."

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Fri, 20 Jan 2017 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171925/parkway-minerals-nl-becomes-a-substantial-shareholder-of-davenport-resources-171925.html
<![CDATA[News - Parkway Minerals NL's spin-out to hit ASX boards today ]]> http://www.proactiveinvestors.com.au/companies/news/171909/parkway-minerals-nl-s-spin-out-to-hit-asx-boards-today-171909.html Davenport will have circa 33.2 million $0.20 shares on issue when it first trades, following its IPO where over $5 million was raised.

Davenport will focus on potash exploration in the South Harz region of central Germany.

Patrick McManus, managing director for Parkway, commented: "The region has been a significant potash producer in the past and we believe that modern exploration and production techniques may allow a revitalization of the field."

Parkway owns 19.25 million shares in Davenport.

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Fri, 20 Jan 2017 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171909/parkway-minerals-nl-s-spin-out-to-hit-asx-boards-today-171909.html
<![CDATA[News - Parkway Minerals NL’s spun-out Davenport Resources raises successfully ]]> http://www.proactiveinvestors.com.au/companies/news/170905/parkway-minerals-nls-spun-out-davenport-resources-raises-successfully-170905.html Parkway Minerals sold its interest in the South Harz potash project located in Germany to Davenport during 2015 in exchange for Davenport shares.

Parkway Minerals will own 26% of Davenport upon listing on the ASX and Davenport will now move towards allotting the shares, which is planned for 30 December 2016.

Patrick McManus, managing director, commented: “Davenport will be focused on the significant opportunity presented by the Küllstedt and Gråfentonna Exploration Licences in the long-established South Harz potash field in Thuringen, Central Germany.”

Davenport will be commencing work on key programs, immediately upon listing.

These will include:

- Evaluation of substantial amount of historical exploration data on the Gråfentonna licence, expected to take 3 months; and
- Drilling on identified targets on the Küllstedt license, expected to commence in the second quarter of 2017 and take circa six months.

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Fri, 23 Dec 2016 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170905/parkway-minerals-nls-spun-out-davenport-resources-raises-successfully-170905.html
<![CDATA[News - Parkway Minerals details option agreement over Dinner Hill ]]> http://www.proactiveinvestors.com.au/companies/news/170651/parkway-minerals-details-option-agreement-over-dinner-hill-170651.html Parkway Minerals NL (ASX:PWN) has reached agreement on an option to purchase Yallambee, a freehold property, which overlays the Dinner Hill phosphate and potash project.

Dinner Hill is the flagship of the Dandaragan Trough project, located less than 200 kilometres from Perth in Western Australia.

The Indicated Resource delineated at Dinner Hill could be a supplier of phosphates and potash to the agriculture sector for many decades, with a mine life of over 40 years projected.

Currently at Dinner Hill, Parkway is progressing key elements of the Pre-Feasibility Study, and have engaged Kemworks to review the process work carried out to date.

Kemworks is a phosphate process specialist, based in Florida U.S., which is one of the centres of excellence for phosphate mining.

They have already identified areas of potential improvement, and test work is being undertaken to optimise the process for one of Dinner Hill’s ore types.


Patrick McManus, managing director, commented:

"Parkway Minerals has been operating in the Dandaragan/Badgingarra area for several years.

"The resources identified at Dinner Hill will underpin a significant, multi-decade project.

"We have now completed a multi-year option to purchase the Yallambee property, which hosts 92% of the current Indicated Resource.

"Whilst the terms of the agreement are confidential, we believe they allow the land-holder to share in the successful development of the Dinner Hill fertiliser feedstock operation."


About Dinner Hill

Dinner Hill is virtually unique in that the project is aiming to produce two of the key fertiliser elements, Phosphorous (P) and Potassium (K), from the one ore sequence.

The company's K-Max process produces phosphates, the premium potash known as Sulphate of Potash or SOP, alum and other minerals.

The location of the deposit is close to rail, power and export ports, providing a low capital cost route to cash flow.

With South East Asia importing virtually 100% of its P and K, Western Australia suppliers provide an opportunity for a tighter supply chain, at more competitive costs and less working capital for operations.

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Mon, 19 Dec 2016 13:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170651/parkway-minerals-details-option-agreement-over-dinner-hill-170651.html
<![CDATA[News - Parkway Minerals sees Davenport IPO as rare potash opportunity ]]> http://www.proactiveinvestors.com.au/companies/news/170158/parkway-minerals-sees-davenport-ipo-as-rare-potash-opportunity-170158.html Parkway Minerals (ASX:PWN) (formally Potash West) has updated the timetable on the upcoming Davenport Resources (ASX:DAV) initial public offer (IPO) which is now set to close on 16 December, 2016.

Davenport Resources will look to raise $6 million and be focusing on its South Harz potash project in Germany and high potential Southern Cross Bore iron-oxide copper gold project in the Northern Territory.

Davenport is a spin-off from Parkway Minerals, who sold its interest in the South Harz project to Davenport during 2015 in exchange for Davenport shares.

The company will own 19.2 million shares of Davenport, 26.1% of the company at the minimum raising.

Patrick McManus, managing director, commented: “Investment in Davenport Resources is a rare opportunity to participate in early stage exploration on an established potash producing field in Europe. 

“The planned work programmes should allow a rapid and low cost route to a JORC compliant potash resource.

“Full details are on the company website: www.davenportresources.com.au I encourage you to investigate further.”

The updated indicative timeline is as follows:

- 16 December, 2016: Offer Closes 5PM AEST;
- 30 December, 2016: Allotment of shares;
- 3 January, 2017: Dispatch of holding statement; and
- 10 January, 2017: ASX listing and trading commences (subject to ASX approval).

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Thu, 08 Dec 2016 13:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170158/parkway-minerals-sees-davenport-ipo-as-rare-potash-opportunity-170158.html
<![CDATA[News - Parkway Minerals NL is the new name for Potash West NL ]]> http://www.proactiveinvestors.com.au/companies/news/169803/parkway-minerals-nl-is-the-new-name-for-potash-west-nl-169803.html Parkway Minerals NL (ASX:PWN) has changed its name from Potash West NL after a successful vote at its annual general meeting.

The logic behind the change is that a key element of the company’s flagship Dinner Hill project value is its phosphate content.

Development of Stage 1 is focussed solely on the phosphate layer at Dinner Hill.

Potash production will only emerge as a key element of the Stage 2 development program.

Patrick McManus, managing director, commented: “The name change reflects the importance of phosphate and other minerals in the value proposition of our Dandaragan Trough project area. 

“In our flagship Dinner Hill project, phosphate is the principal revenue stream.”


Dinner Hill

Parkway Minerals holds 2,082 square kilometres over one of the world’s largest known glauconite deposits.

Dinner Hill is the company’s flagship project within this land holding and contains significant resources of both phosphate and potash.

Scoping studies indicate a robust development plan of:

- Stage 1, production of single superphosphate, using established technology; and
- Stage 2, production of potash, phosphoric acid, and other products, using K-Max technology.

A scoping study was completed on the project forecasting an expected mine life of 40 years and pre-tax net present value of A$378 million.

A pre-feasibility study (PFS) commenced in 2015.


Next steps

Parkway Minerals is progressing key elements of the current PFS and has engaged Kemworks to review the process work carried out to date.

Kemworks is a phosphate process specialist, based in Florida U.S, which is one of the centres of excellence for phosphate mining.

Areas of potential improvement have been identified and test work is being undertaken to optimise the process for one of Dinner Hill’s ore types.

A fauna study has been completed on the potential mine site, to complement the flora study completed in 2015. The report is imminent.


Unique project

Dinner Hill is unique in that the project is aiming to produce two of the key fertiliser elements, phosphorous and potassium, from the one ore sequence.

Furthermore, the company’s K-Max process produces phosphates, the premium potash known as sulphate of potash or SOP, alum and other minerals.

The deposit is located proximate to rail, power and export ports, provides a low capital cost route to cash flow.

With South East Asia importing close to 100% of its phosphate and potassium, local Western Australian suppliers provide an opportunity for a tighter supply chain, at more competitive costs and less working capital for operations.


Davenport Resources IPO and spin-off

Davenport Resources Ltd (ASX:DAV) will look to raise $6 million and be focusing on its South Harz potash project in Germany and high potential Southern Cross Bore iron-oxide copper gold project in the Northern Territory.

Parkway Minerals sold its interest in the South Harz project to Davenport during 2015 in exchange for Davenport shares.

The company will own 19.2 million shares of Davenport, 26.1% of the company at the minimum raising.


Analysis

Long term, the fertiliser feedstock market is expected to grow faster than gross domestic product (GDP), driven by population growth, improving diets and relative decline in arable land.

Good fertiliser feedstock projects in localities like Western Australia with low sovereign risk, good infrastructure and close to large local and regional markets, will attract strong interest.

Short term, work on the Dinner Hill PFS should be reported in the coming March quarter, as well as updates from a review of the South Harz potash project data.

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Thu, 01 Dec 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169803/parkway-minerals-nl-is-the-new-name-for-potash-west-nl-169803.html
<![CDATA[News - Potash West NL's Patrick McManus talks near-term news in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/169651/potash-west-nl-s-patrick-mcmanus-talks-near-term-news-in-proactive-qa-sessions-169651.html To tell us more, Patrick McManus, managing director, exclusively joins Proactive Q&A Sessions™.


PROACTIVE INVESTORS: Welcome Patrick.


First of all Patrick, what is the logic behind the name change?

Patrick McManus: One of our key items at our AGM is to rename the company from Potash West NL to Parkway Minerals NL.

The logic behind that change is that a key element of the Dinner Hill project value is its phosphate content.

Development of Stage 1 is focussed solely on the phosphate layer at Dinner Hill.

The name Potash West was therefore confusing for people not familiar with our projects.

It didn’t reflect the company’s primary focus to first bring on commercial development of our phosphate project, with potash production only emerging as a key element of the Stage 2 development program.

We chose the name Parkway Minerals to allow the continued use of the PWN ticker, and I hope that the change does not cause any difficulties to investors.


What is the next upcoming key news flow investors need to look out for?

Patrick McManus: We are progressing with work at Dinner Hill, in addition to our project in Germany.

Dinner Hill is the site of our first resources within the Dandaragan Trough, scoping studies indicate long life projects for both phosphates and potash based at that site.

In Germany, the team at our 55% owned East Exploration is now collating the large amount of exploration data available for the Gråfentonna potash licence area.

A review of that data should be completed in the first quarter of 2017.

Potash West is also vending East Exploration into the current IPO of Davenport Resources.

The IPO is in progress and should be completed by the end of next month.

PWN will own ~ 25% of the new listed company, plus performance shares.


What are the next steps at the company’s flagship Dinner Hill project?

Patrick McManus: We are progressing key elements of the Pre-Feasibility Study at the moment.

We have engaged Kemworks to review the process work carried out to date.

Kemworks is a phosphate process specialist, based in Florida USA, which is one of the centres of excellence for phosphate mining.

They have already identified areas of potential improvement, and test work is being undertaken to optimise the process for one of Dinner Hill’s ore types.

A fauna study has been completed on the potential mine site, to complement the flora study completed in 2015.

The report is imminent.


On a peer analysis, how does Dinner Hill compare to similar projects globally?

Patrick McManus: Dinner Hill is virtually unique in that the project is aiming to produce two of the key fertiliser elements, Phosphorous (P) and Potassium (K), from the one ore sequence.

Our K-Max process produces phosphates, the premium potash known as Sulphate of Potash or SOP, alum and other minerals.

The location of the deposit, in Western Australia and close to rail, power and export ports, provides a low capital cost route to cash flow.

With South East Asia importing virtually 100% of its P and K, local WA suppliers provide an opportunity for a tighter supply chain, at more competitive costs and less working capital for operations.


How is the spin-out of Davenport Resources progressing, and what should existing Potash West shareholders expect?

Patrick McManus: Under this IPO, East Exploration, 55% owned by Potash West, is being sold into Davenport Resources when its current capital raising and listing on the ASX is completed, expected by late this calendar year.

Potash West will own 19.2 million shares in Davenport or 25% of the company and that recognises additional shareholder value in this new venture which will be focused on German South Harz potash interests and a high potential IOCG asset in the Northern Territory.


Finally, why should an investor consider adding Potash West, or Parkway Minerals as it is to become, to their portfolio?

Patrick McManus: Long term, the fertiliser feedstock market should grow faster than GDP, driven by population growth, improving diets and relative decline in arable land.

We believe that good fertiliser feedstock projects in localities like WA with low sovereign risk, good infrastructure and close to large local and regional markets, will attract strong interest.

Short term, work on the Dinner Hill PFS should be reported in the coming March quarter, as well as updates from a review of the South Harz potash project data.


PROACTIVE INVESTORS: Thank-you Patrick.

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Wed, 30 Nov 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169651/potash-west-nl-s-patrick-mcmanus-talks-near-term-news-in-proactive-qa-sessions-169651.html
<![CDATA[News - Potash West NL shareholders get priority in upcoming float ]]> http://www.proactiveinvestors.com.au/companies/news/168521/potash-west-nl-shareholders-get-priority-in-upcoming-float-168521.html Potash West NL (ASX:PWN) shareholders will be able to apply for up to five million shares that have been set aside in the upcoming Davenport Resources Ltd (ASX:DAV) initial public offering.

Davenport will look to raise $6 million and be focusing on its South Harz potash project in Germany and high potential Southern Cross Bore iron-oxide copper gold project in the Northern Territory.

Potash West sold its interest in the South Harz project to Davenport during 2015 in exchange for Davenport shares.

Patrick McManus, managing director, commented: ““The listing of Davenport provides the funding to progress the South Harz potash project by drilling identified targets on the Küllstedt licence. 

“Planning is in progress for this and we look forward to results in 2017.”


South Harz potash project

The project is located in Thuringia, Central Germany and consists of 2 exploration licences, Küllstedt and Gräfentonna, in a region with significant potash production and exploration in the past.

There has been little exploration activity in the area in the last 30 years, but a review of the data derived from previous drilling at Küllstedt has allowed the reporting of an Exploration Target on the licence.

Twinning of some existing drill-holes could allow reporting of a maiden JORC compliant potash resource on Küllstedt relatively quickly.


Southern Cross Bore project

Davenport currently also holds the Southern Cross Bore project, which has good potential as an iron-oxide copper gold deposit.

Located just 75 kilometres from Alice Springs, the project comprises 600 square kilometres of exploration licences.

Some significant results have been recorded from drilling in 2012, including 24 metres at 4.19 g/t gold and 0.33% copper from 79 metres, and 34 metres at 3.83 g/t gold and 0.44% copper from 63 metres.


Proposed two-year expenditure plan

The proposed two-year expenditure program, pending completion of a A$6 million IPO, includes:

- $3.4 million: Evaluation and drilling at Küllstedt and Gräfentonna;
- $0.4 million: Southern Cross Bore target evaluation;
- $1.0 million: Administration;
- $0.9 million: Cost of offer and transactions; and
- $1.2 million: Working capital.


Indicative timetable

- 24 October: Replacement prospectus lodged with ASIC;
- 26 October: IPO opens;
- 25 November: Offer closes;
- 6 December: Allotment of shares; and
- 14 December: ASX listing and trading commences.


Investment drivers

- Projects located in Central Germany where world-class infrastructure networks exist and are being utilised by current potash producers to get product to key markets;
- History of sylvinite and carnallilite production on and around the exploration licences and over 100 years of regional production (100 million tonnes of potash prior to 1993);
- Well documented past exploration with historical potash drill intersections of up to 58 metres with grades of up to 18% potassium oxide of mineralisation in the south and up to 14% potassium oxide in the north;
- Extensive in-country expertise with a deep knowledge of mineralisation will enable rapid resource definition and growth building from extensive historical drilling records;
- Planning in progress for a drill program expected to commence early next calendar year to confirm historical results and allow estimation of a JORC Inferred Resource; and
- Retained Australian tenements at Southern Cross Bore with existing high grade copper-gold intersections in IOCG style mineralisation in the sought after Arunta region of Central Australia, ready for follow-up drilling.

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Fri, 04 Nov 2016 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168521/potash-west-nl-shareholders-get-priority-in-upcoming-float-168521.html
<![CDATA[News - Potash West NL keeping busy at the Dinner Hill phosphate project ]]> http://www.proactiveinvestors.com.au/companies/news/167106/potash-west-nl-keeping-busy-at-the-dinner-hill-phosphate-project-167106.html Potash West NL (ASX:PWN) will commence a baseline fauna study as part of the environmental impact statement for the Dinner Hill phosphate project located 150 kilometres north of Perth in Western Australia.

The study will start in October and is estimated to take six weeks.

The company has engaged 360 Environmental to carry out the study.

360 Environmental is a long established Perth based group and is familiar with the project area and the approvals requirements in Western Australia.

Patrick McManus, managing director, commented: “This work is an essential component of our studies that will lead to the completion of an environmental impact study (EIS) for our Dinner Hill phosphate project. The Dinner Hill resource is located on land that has been used for broad-acre farming for many years. We are looking forward to working with 360 to complete this work and other elements of the EIS.”

The baseline fauna study follows the company recently engaging Florida-based phosphate specialist, KEMworks Technology, Inc.

KEMworks will verify and optimise the process design for phosphate recovery as part of the prefeasibility study for Stage 1.

The Indicated Resource delineated at Dinner Hill could support a minimum 40 year mine life for as a supplier of phosphates and potash to the local and regional agriculture sector.

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Mon, 10 Oct 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167106/potash-west-nl-keeping-busy-at-the-dinner-hill-phosphate-project-167106.html
<![CDATA[News - Potash West NL engages phosphate specialist for prefeasibility study ]]> http://www.proactiveinvestors.com.au/companies/news/166489/potash-west-nl-engages-phosphate-specialist-for-prefeasibility-study-71225.html Potash West NL's (ASX:PWN) Dinner Hill project in Western Australia contains both phosphate and potash, providing a unique, long-life fertiliser project, close to areas that forecast strong demand growth.

The company has now engaged phosphate specialist, Florida-based KEMworks Techology, Inc, to evaluate the wholly-owned project, which is located in the Dandaragan Trough.

KEMworks will verify and optimise the process design for phosphate recovery as part of the prefeasibility study for Stage 1.

The Indicated Resource delineated at Dinner Hill could support a minimum 40 year mine life for as a supplier of phosphates and potash to the local and regional agriculture sector.

Patrick McManus, managing director for Potash West, commented:

"I am delighted to commence this program with KEMworks, a group that has specialised in phosphate processing and has an unrivalled experience in that field.

"We anticipate that the testwork will lead to a flowsheet design that will optimise economics for Dinner Hill Stage 1, currently modelled around producing single superphosphate for use in Western Australia and the local region.

"It is proposed that Stage 2 will use the proprietary K-Max process to produce sulphate of potash and other agricultural minerals."

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 27 Sep 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166489/potash-west-nl-engages-phosphate-specialist-for-prefeasibility-study-71225.html
<![CDATA[News - Potash West NL receives strong investors support ]]> http://www.proactiveinvestors.com.au/companies/news/165213/potash-west-nl-receives-strong-investors-support-70674.html Potash West NL (ASX:PWN) will have a cash kitty of over $3 million available in September to advance its projects.

The funds will be from the total proceeds of an oversubscribed placement to sophisticated investors, a placement subject to shareholder approval and the recent share purchase plan which raised $1.1 million.

PWN said that the key outcome of this strong investor support has been the decision by its board and management to accelerate work on its key Pre-Feasibility Study (PFS) into the flagship Dinner Hill phosphate project northeast of Perth in Western Australia.


Dinner Hill

The fund raising completed this month will allow the completion of key elements of the phosphate feasibility study for Dinner Hill, located within the Dandaragan Trough.

Dinner Hill contains both phosphate and potash, providing a unique, long-life fertiliser project, close to areas that forecast strong demand growth.

Work will focus on metallurgical testwork leading to the finalisation of the phosphate process design, and mine planning based on the geo-metallurgical parameters identified in the most recent drilling and testwork programs.

PWN currently anticipates completing these activities over the next 9 months.

Global Corporate advisory firm, FTI Consulting have completed their due diligence process on the development plans for Dinner Hill and has now moved to the marketing phase, with the intention of finding a partner to accelerate the development of the project.

Investment at the project level should achieve the company's objective of advancing the project, whilst reducing shareholder dilution that could result from equity funding.


Davenport IPO

East Exploration Pty Ltd, 55% owned by PWN, is being sold to Davenport Resources which plans a minimum capital raising of $5 million and a listing on the ASX within this calendar year.

East Exploration is focused on potash exploration projects in central Germany, a long-term and current producing region.

Potash West will own 19.2 million shares of Davenport, 26.1% of the company at the minimum raising.

PWN shareholders will have a priority entitlement to Davenport shares at the IPO.


Lithium exposure

Adding to the portfolio, PWN has lithium exposure.

PWN holds a 5.54% stake in Platypus Minerals Ltd (ASX:PLP) which is focused on lithium exploration and the development of the L-Max technology that could offer a lower cost source of lithium minerals, suitable for the lithium-ion battery market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 25 Aug 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165213/potash-west-nl-receives-strong-investors-support-70674.html
<![CDATA[News - Potash West NL extends share purchase plan ]]> http://www.proactiveinvestors.com.au/companies/news/165212/potash-west-nl-extends-share-purchase-plan--70240.html Potash West NL (ASX:PWN) has extended its share purchase plan (SPP) by one week to close at 5pm Friday 12 August 2016, as some shareholders have not received documentation.

The company said that it intends to raise $1.5 million under the SPP.

Funds will be used to progress development of the Dinner Hill phosphate project, located 150 kilometres north of Perth.

Recently, Potash West entered into an agreement with FTI Consulting Inc (NYSE:FCN) to reach out to fertiliser project partners to develop the Dinner Hill phosphate resource.

FTI has prepared a detailed marketing package for potential financiers with interests in the agricultural commodity sector.

A scoping study was completed on the project forecasting an expected mine life of 40 years and pre-tax net present value of A$378 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 04 Aug 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/165212/potash-west-nl-extends-share-purchase-plan--70240.html
<![CDATA[News - Potash West NL launches share purchase plan for Dinner Hill Fertiliser Project ]]> http://www.proactiveinvestors.com.au/companies/news/161171/potash-west-nl-launches-share-purchase-plan-for-dinner-hill-fertiliser-project-69887.html Potash West NL (ASX:PWN) has launched a share purchase plan (SPP) to raise a minimum of $500,000, which follows on from the placement of $1.7 million at $0.03 per share.

The company said that it intends to raise $1.5 million under the SPP.

Funds from the placement and SPP will be used to progress development of the Dinner Hill phosphate project, located 150 kilometres north of Perth.

Recently, Potash West entered into an agreement with FTI Consulting Inc (NYSE:FCN) to reach out to fertiliser project partners to develop the Dinner Hill phosphate resource.

FTI has prepared a detailed marketing package for potential financiers with interests in the agricultural commodity sector.

A scoping study was completed on the project forecasting an expected mine life of 40 years and pre-tax net present value of A$378 million.


Lithium exposure

Through its shareholding in Platypus Minerals Ltd (ASX:PLP), Potash West is leveraged to lithium processing technology, L-Max®.

L-Max is the subject of an international patent application, which will provide protection in 148 countries.

The L-Max process allows for the extraction of lithium chemicals from mica minerals which in turn unlocks production potential from unconventional lithium sources.

Commercialisation of L-Max technology also advances the development of K-Max, a process to produce potash and other valuable commodities from glauconite.

The K-Max process is a key element in Stage 2 of Potash West's Dinner Hill project.


Broker spotlight

Potash West recently received a Speculative Buy recommendation from State One Stockbroking, with a A$0.22 target price.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 19 Jul 2016 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161171/potash-west-nl-launches-share-purchase-plan-for-dinner-hill-fertiliser-project-69887.html
<![CDATA[News - Potash West NL secures funding to accelerate Dinner Hill study ]]> http://www.proactiveinvestors.com.au/companies/news/161170/potash-west-nl-secures-funding-to-accelerate-dinner-hill-study-69869.html Potash West NL (ASX:PWN) has raised $1.7 million by issuing 57 million shares priced at $0.03 as part of a placement.

The placement was strongly supported with applications received for well over $3 million. These oversubscriptions will be accommodated at the discretion of the board and pending a shareholders meeting.

Funds from the placement will be used to progress development of the Dinner Hill phosphate project, located 150 kilometres north of Perth.

Patrick McManus, managing director, commented:

“The very strong support for the offer is a vote of confidence for Potash West, Dinner Hill and our various projects, including:

- our development strategies for Dinner Hill and the Dandaragan Trough. These include a Stage 1 phosphate project and a second stage producing Potash and other minerals, using our 100% owned, K-Max process technology.
 
- 55% of East Exploration Pty Ltd, currently in the process of being sold to Davenport Resources Ltd, which plans to list on the ASX in Q3 2016. PWN shareholders will have a priority entitlement at that IPO.

- 97 million shares in Platypus Minerals, an ASX listed company, focused on lithium extraction.”


Use of funds

Net proceeds from the raising will be used for project and process development for Dinner Hill, project evaluation and working capital.

Potash West has completed a scoping study on Dinner Hill and aims to complete a preliminary feasibility study by Q3 2016.


FTI Consulting

Recently, Potash West entered into an agreement with FTI Consulting Inc (NYSE:FCN) to reach out to fertiliser project partners to develop the Dinner Hill phosphate resource.

FTI has prepared a detailed marketing package for potential financiers with interests in the agricultural commodity sector.

FTI is headquartered in Washington DC, with over 4,400 employees located in 26 countries.

FTI recently completed a detailed review of the project parameters and financial models reinforcing their view that Dinner Hill represents an attractive investment opportunity.


Dinner Hill

Dinner Hill is the company’s flagship project and contains significant resources of both phosphate and potash.

Scoping studies indicate a robust development plan of:

- Stage 1, production of single superphosphate, using established technology; and
- Stage 2, production of potash, phosphoric acid, and other products, using K-Max technology.

A scoping study was completed on the project forecasting an expected mine life of 40 years and pre-tax net present value of A$378 million.


Lithium processing technology

Through its shareholding in Platypus Minerals Ltd (ASX:PLP), Potash West is leveraged to lithium processing technology, L-Max®.

L-Max is the subject of an international patent application, which will provide protection in 148 countries.

The L-Max process allows for the extraction of lithium chemicals from mica minerals which in turn unlocks production potential from unconventional lithium sources.

Commercialisation of L-Max technology also advances the development of K-Max, a process to produce potash and other valuable commodities from glauconite.

The K-Max process is a key element in Stage 2 of Potash West's flagship wholly owned Dinner Hill potash project.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 18 Jul 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161170/potash-west-nl-secures-funding-to-accelerate-dinner-hill-study-69869.html
<![CDATA[News - Potash West NL finalising oversubscribed raising ]]> http://www.proactiveinvestors.com.au/companies/news/161169/potash-west-nl-finalising-oversubscribed-raising-69834.html Potash West NL (ASX:PWN) is in the process of undertaking a capital raising with State One Stockbroking to raise $1.65 million before costs.

The company said they have received interest significantly in excess of this amount and are currently finalising the process.

To finalise the raising, PWN has been granted a voluntary suspension following a trading halt.

The company said it expects to make an announcement on or before Monday 18th July 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Jul 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161169/potash-west-nl-finalising-oversubscribed-raising-69834.html
<![CDATA[News - Potash West NL in cash raiser ]]> http://www.proactiveinvestors.com.au/companies/news/161168/potash-west-nl-in-cash-raiser-69776.html Potash West NL (ASX:PWN) has been granted a trading halt by the ASX, pending details of a capital raising.

Earlier in the month the company received a Speculative Buy recommendation from State One Stockbroking, with a A$0.22 target price.

The halt will last until the opening of trade on Friday 15th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 13 Jul 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161168/potash-west-nl-in-cash-raiser-69776.html
<![CDATA[News - Potash West NL begins marketing Dinner Hill to fertiliser project partners ]]> http://www.proactiveinvestors.com.au/companies/news/161167/potash-west-nl-begins-marketing-dinner-hill-to-fertiliser-project-partners-69629.html Potash West NL (ASX:PWN) through its recent agreement with FTI Consulting will reach out to fertiliser project partners to develop the Dinner Hill phosphate resource.

FTI has prepared a detailed marketing package for potential financiers with interests in the agricultural commodity sector.

The Dinner Hill Project, serviced by well-developed infrastructure and strategically located in Western Australia’s agricultural heartland, is one of the Asia Pacific regions most significant phosphate resources.

Patrick McManus, managing director, commented:

“Dinner Hill is the flagship project of our Dandaragan Trough province.  It contains significant resources of both phosphate and potash.

“Scoping studies indicate a robust development plan of:

- Stage 1, production of single superphosphate, using established technology; and
- Stage 2, production of potash, phosphoric acid, and other products, using K-Max technology.

“In production, Dinner Hill will be a producer of fertiliser for many decades.

“Agriculture, locally and regionally, import the bulk of their phosphate and potash requirements, Dinner Hill will provide a very long-term supply from a stable, low sovereign risk location.”


FTI Consulting

FTI Consulting Inc (NYSE:FCN) is headquartered in Washington DC, with over 4,400 employees located in 26 countries.

It is focused on the strategic, operational, financial and capital needs of businesses around the world.

During March, Potash West signed an agreement with FTI to attract a project partner to develop the Dinner Hill superphosphate project.

FTI recently completed a detailed review of the project parameters and financial models reinforcing their view that Dinner Hill represents an attractive investment opportunity.


Analysis

By moving forward to attract a fertiliser project partner engagement stage, FTI has aligned itself with the project’s feasibility, having completed their own due diligence.

Securing project partners and investors to support the development of the Dinner Hill Project is a key step to unlocking value for Potash West and its shareholders.

The project is favourably located to service Asian and local markets and importantly, is in close proximity to infrastructure including rail and ports.

Recently, a research report was released by State One Stockbroking, rating Potash West a Speculative Buy and with a A$0.22 target price.

The company’s valuation of A$60 million represents a large premium to the <$10 million market cap with shares trading at $0.032.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 05 Jul 2016 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161167/potash-west-nl-begins-marketing-dinner-hill-to-fertiliser-project-partners-69629.html
<![CDATA[News - Potash West NL receives Speculative Buy and A$0.22 target from broker ]]> http://www.proactiveinvestors.com.au/companies/news/161166/potash-west-nl-receives-speculative-buy-and-a022-target-from-broker-69616.html Potash West NL (ASX:PWN) has received a Speculative Buy recommendation from State One Stockbroking, with a A$0.22 target price.

Potash West last traded at $0.03. The following is an extract from the report.


Time for the fertiliser sector to grow

The global fertiliser sector (nitrogen/phosphate/potash) has suffered in recent years from overcapacity and lacklustre pricing.

However, the investment thesis underpinning the sector - global food security - remains strong.

With phosphate in particular, security of supply is becoming an increasing concern for downstream producers, as 85% of phosphate rock Reserves (the raw material for synthetic P2O5-based fertilisers) is located in North Africa and the Middle East.

PWN’s Dandaragan phosphate/potash Project located in WA (150km north of Perth) is perfectly located to service Asian and local markets and, unlike other domestic projects, is in close proximity to infrastructure (including rail and ports).

With limited opportunities for ASX investors to gain exposure to this key commodity, we believe that PWN offers exciting capital upside for speculative investors as the Project is progressively de-risked.


Estimated SOTP valuation A$60m (vs A$7.5m M’Cap)

We estimate the NPV10 of the phosphate component of PWN’s Dandaragan Project at A$180m (A$0.67 per diluted share).

Attaching a 75% discount for project risk (particularly timing, financing), our risk-adjusted valuation falls to A$45m (A$0.17ps).

Adding in a nominal value of A$8m for the potash Resource (<1% of PWN’s 2014 Project Scoping Study) and A$7m for other investments/cash, the SOTP valuation of A$60m (A$0.22ps) offers significant upside potential relative to PWN’s current market capitalisation.


Recommendation: Speculative Buy (Higher Risk)

We see scope for our target price to increase significantly:

- The 75% risk discount attached to the phosphate project should unwind as financing is secured and as the project is advanced (derisked). We note that in March 2016, PWN appointed global business advisory firm FTI Consulting to identify potential domestic or global JV and financing partners.

- PWN’s combined equity interest in Platypus Minerals (ASX:PLP) and Davenport Resources (pre-IPO) is valued at ~A$6m, offers exposure with near-term upside potential in the lithium and potash markets respectively, and forms a strong underpin to PWN’s SOTP valuation.

- The phosphate project is highly leveraged; in a 10% higher average realised price (ARP) environment, our forecast phosphate NPV increases by 40%.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 05 Jul 2016 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161166/potash-west-nl-receives-speculative-buy-and-a022-target-from-broker-69616.html
<![CDATA[News - Potash West NL holds significant investment in lithium technology ]]> http://www.proactiveinvestors.com.au/companies/news/161165/potash-west-nl-holds-significant-investment-in-lithium-technology-69366.html Potash West NL (ASX:PWN) through its shareholding in Platypus Minerals Ltd (ASX:PLP) is leveraged to lithium processing technology, L-Max®.

L-Max is the subject of an international patent application, which will provide protection in 148 countries.

The L-Max process allows for the extraction of lithium chemicals from mica minerals which in turn unlocks production potential from unconventional lithium sources.

Commercialisation of L-Max technology advances the development of K-Max, a process to produce potash and other valuable commodities from glauconite.

The K-Max process is a key element in Stage 2 of Potash West's flagship wholly owned Dinner Hill potash project.

Patrick McManus, managing director, commented: "This progression towards the protection of the patent will allow acceleration of the development of L-Max technology into an exciting growing field of lithium compounds.”


Lithium exposure

Potash West holds 7.1% of the issued capital of lithium developer Platypus.

The ownership resulted from the sale of Potash West’s previous equity stake in lithium explorer Lepidico Limited, which was acquired recently by Platypus.

Platypus is well placed to develop Lepidico's L-Max technology to extract lithium at lower cost than conventional hard rock producers.

Progress of L-Max will assist in developing Potash West's 100% owned K-Max technology.


Dinner Hill potash project

The Dinner Hill project is located 150 kilometres north of Perth and has an Indicated Resource of 250 million tonnes at 2.9% phosphorous pentoxide.

A scoping study was completed on the project forecasting an expected mine life of 40 years and pre-tax net present value of A$378 million.

It is estimated to have an average mine production rate of 3.8 million tonnes per annum to produce an average of 400,000 tonnes per annum of single superphosphate (SSP).

SPP is a versatile and widely marketable fertiliser.

Capital costs for the project are $205 million, including $66 million for a process plant.

Dinner Hill is expected to be in operation by 2020.

A recent 20 hole aircore drill program discovered thick, high grade potash mineralisation 10 kilometres south of the current Dinner Hill deposit.


Analysis

Potash West has created valuable intellectual property in its K-Max process, which has the opportunity to be applied to other potash deposits.

The development of the potash related K-Max process is set to be advanced upon commercialisation of the lithium related L-Max process.

Through Potash West's shareholding in Platypus, the company gains exposure to a new commodity in lithium through both the development of lithium related processing technology and projects.

Platypus, the owner of the L-Max process are taking steps to commercialise the process through an international patent application, which is currently pending.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Jun 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161165/potash-west-nl-holds-significant-investment-in-lithium-technology-69366.html
<![CDATA[News - Potash West NL finds thick high grade extension to Dinner Hill ]]> http://www.proactiveinvestors.com.au/companies/news/161164/potash-west-nl-finds-thick-high-grade-extension-to-dinner-hill-68548.html Potash West NL (ASX:PWN) has confirmed thick, high grade potash mineralisation while drill testing an extension at the Dinner Hill project, located 150 kilometres north of Perth.

A 20 hole aircore drill program in March was testing the southern extension within the large 2600 square kilometre land holding.

Significant intersections included: 40 metres at 4.35% phosphorous pentoxide from 24 metres; and 34 metres at 4.71% phosphorous pentoxide from 30 metres.

The new discovery is 10 kilometres south of the current Dinner Hill Deposit, which has an Indicated Resource of 250 million tonnes at 2.9% phosphorous pentoxide.

Mineralisation remains open to the north, east and south.

Patrick McManus, managing director, commented:

“We are excited about the grade and thickness of the potash mineralisation lying to the immediate south of our Dinner Hill resource.

"The thickness of the mineralised units has the potential to lower strip ratios and improve mining economics.

"These results demonstrate continuity of phosphate and potash mineralisation to the south.

"With additional drilling, the new discovery is likely to offer alternative development options for the project.

"Further drilling will be targeted at establishing a resource on Dinner Hill South”.


Dinner Hill scoping study

Dinner Hill has an expected mine life to 40 years and pre-tax net present value of A$378 million.

It is estimated to have an average mine production rate of 3.8 million tonnes per annum to produce an average of 400,000 tonnes per annum of  single superphosphate (SSP).

SPP is a versatile and widely marketable fertiliser.

Capital costs for the project are $205 million, including $66 million for a process plant.

Dinner Hill is expected to be in operation by 2020.


Analysis

While the new discovery at Dinner Hill South may provide alternative development options for the project, the focus for the company is creating a re-rating of the stock through completion of the preliminary feasibility study by Q3 2016.

The company has a current market capitalisation of circa $8 million, a significant discount to the pre-tax net present value of A$378 million.

The long-term fundamentals for fertiliser in this region remain strong.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 11 May 2016 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161164/potash-west-nl-finds-thick-high-grade-extension-to-dinner-hill-68548.html
<![CDATA[News - Potash West NL to gain from Lepidico takeover by Platypus Minerals ]]> http://www.proactiveinvestors.com.au/companies/news/161163/potash-west-nl-to-gain-from-lepidico-takeover-by-platypus-minerals-67576.html Potash West NL (ASX:PWN) holds a significant shareholding in Lepidico of circa 13%.

Platypus Minerals Ltd (ASX: PLP) has now revealed the execution of a binding term sheet to acquire 100% of Lepidico.

Based on the Platypus share price, the Potash West investment is circa $1.3 million.

Potash West has the shareholding in Lepidico in recognition of its ownership of the K-Max technology.


Lepidico and the L-Max technology

Lepidico is the owner of the L-Max technology, a proprietary metallurgical process that has the potential to extract lithium and other by-products from unconventional sources at a competitive cost.

The L-Max technology delivers an opportunity to create a third supply source of lithium, at competitive pricing.


About the Platypus takeover of Lepidico

Platypus will acquire 100% of Lepidico in exchange for 750,000,000 Platypus shares.

Platypus has secured underwriting to support to undertake a fully underwritten rights issue to raise up to $3.5 million, which will be used to advance the new asset and Platypus’s existing assets.

Patrick McManus, managing director for Potash West, commented: “This is an exciting step forward for Lepidico.

"This funding will allow Lepidico to accelerate the development of their technology into an exciting growing field of lithium compounds for battery usage."

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 17 Mar 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161163/potash-west-nl-to-gain-from-lepidico-takeover-by-platypus-minerals-67576.html
<![CDATA[News - Potash West NL advances agricultural supply opportunity for Asia, Australia ]]> http://www.proactiveinvestors.com.au/companies/news/161162/potash-west-nl-advances-agricultural-supply-opportunity-for-asia-australia-67276.html Potash West NL (ASX:PWN) has entered into an agreement with FTI Consulting (NYSE:FCN) to assist the company in attracting a partner to develop the Dinner Hill superphosphate project within the Dandaragan Trough.

FTI have 4400 employees in 26 countries, and generated $1.76 billion in revenues during fiscal year 2014.

Dinner Hill is strategically located 150 kilometres north of Perth, adjacent to one of Australia’s largest fertilizer consumers, the Western Australian Wheatbelt.

Existing infrastructure connects the project to readily accessible Asian markets, including the rapidly increasing consumption areas of South East Asia, China and India.

Dinner Hill, is a low capex, low risk route to cashflow, through a phosphate project, which could then be followed by a high value potash project, operating in parallel.

Current JORC resources cover only a small portion of the exploration target but are already sufficient to support a 60 year mine life.

Patrick McManus, managing director for Potash West, commented: “Dinner Hill is the flagship project of our Dandaragan Trough province.

"It contains significant resources of both phosphate and potash. Scoping studies indicate a robust development plan of:

- Stage 1, production of single superphosphate, using established technology; and
- Stage 2, production of potash, phosphoric acid, and other products, using K-Max technology.

"In production, Dinner Hill will be a producer of fertiliser for many decades.

“The investor reach of FTI Consulting will market this project in areas that see strong long-term growth in agriculture and the demand for agricultural inputs.

"We believe that Dinner Hill can reduce the costs of a vital agricultural input to farmers in Western Australia and the region."

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 01 Mar 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161162/potash-west-nl-advances-agricultural-supply-opportunity-for-asia-australia-67276.html
<![CDATA[Media files - Potash West's MD Patrick McManus talks to Proactive Investors TV ]]> http://www.proactiveinvestors.com.au/companies/stocktube/5863/potash-wests-md-patrick-mcmanus-talks-to-proactive-investors-tv-574.html Wed, 10 Feb 2016 09:59:00 +1100 http://www.proactiveinvestors.com.au/companies/stocktube/5863/potash-wests-md-patrick-mcmanus-talks-to-proactive-investors-tv-574.html <![CDATA[News - Potash West NL's 94% share spike attracts ASX Price and Volume Query ]]> http://www.proactiveinvestors.com.au/companies/news/161161/potash-west-nls-94-share-spike-attracts-asx-price-and-volume-query-66908.html Potash West NL (ASX:PWN) shares hit $0.064 intra-day on Friday, compared to a closing price of $0.033 a day earlier.

The 94% change in value prompted an ASX Price and Volume Query, which the company replied to by saying it is not aware of any material information not released to the market which may explain the change in trading.

Potash West did quote:

"As released to the ASX on 28 January 2016, the company presented to the Proactive Investors Spotlight CEO sessions in Sydney and Melbourne this week.

"That presentation was released via the ASX on 1 February 2016. The company has briefed investors and brokers in both cities this week."

Potash West is building a fertiliser project on one of the world’s largest glauconite deposits.

The project is strategically located 150 kilometres from Perth, and therefore close to domestic Western Australian markets, and the international SE Asia region.

The project, Dinner Hill, is a low capex, low risk route to cashflow, through a phosphate project, which could then be followed by a high value potash project, operating in parallel.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 08 Feb 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161161/potash-west-nls-94-share-spike-attracts-asx-price-and-volume-query-66908.html
<![CDATA[News - Potash West NL talks fertiliser assets at Proactive's Spotlight CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/161160/potash-west-nl-talks-fertiliser-assets-at-proactives-spotlight-ceo-sessions-66873.html Potash West NL’s (ASX:PWN) managing director, Patrick McManus, joined the Proactive's Spotlight CEO Sessions roadshow this week in Sydney and Melbourne, speaking with investors about the company's phosphate and potash assets.

The company is building a fertiliser project on one of the world’s largest glauconite deposits.

The project is strategically located 150 kilometres from Perth, and therefore close to domestic Western Australian markets, and the international SE Asia region.

The project, Dinner Hill, is a low capex, low risk route to cashflow, through a phosphate project, which could then be followed by a high value potash project, operating in parallel.

There is scale potential to attract joint venture partners in the fertiliser industry.

Potash West also has brown-fields potash interests in Germany.


ACCESS the FULL PRESENTATION HERE

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 04 Feb 2016 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161160/potash-west-nl-talks-fertiliser-assets-at-proactives-spotlight-ceo-sessions-66873.html
<![CDATA[News - Potash West's Patrick McManus to speak at Proactive's Spotlight CEO Sessions ]]> http://www.proactiveinvestors.com.au/companies/news/161159/potash-wests-patrick-mcmanus-to-speak-at-proactives-spotlight-ceo-sessions-66554.html Scoping revisions at Potash West’s (ASX:PWN) strategically located Dinner Hill phosphate project in Western Australia have dramatically enhanced the commercial potential of the asset as the global fertiliser business flirts with a valuation in the range of US$172 billion a year.

The A$378 million-NPV project has effectively doubled its expected mine life to 40 years after a 108% increase in resources to 250 million tonnes 2.9% phosphorus pentoxide.

Dinner Hill – which is part of the larger Dandaragan Trough project north of Perth –is expected to deliver 400,000 tonnes per annum of versatile and widely marketable fertiliser product as Asian potash demand rebounds in a macro sense.

The Potash West share price increased to $0.035 last week.

MEET MD Patrick McManus at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in February 2016

Sydney Investor Luncheon, Tuesday, 2nd February.

Melbourne Investor Luncheon, Wednesday, 3rd February.


Optimisation of Dinner Hill’s operational metrics, even at an early stage, represents a meaningful growth in the project’s prospectivity, especially considering the project has achieved a 10% drop in operating costs to $190 per tonne of product and a 24% rise in EBITDA to $52 million per annum.

This momentum comes as various free trade initiatives signify a strong growth opportunity for Australia and countries in Southeast Asia to meet the demand for food in the wider region.

This business strategy will be partially underpinned by the increased investment in pastoral and dairy properties across Australia, two industries that are strong users of phosphate fertilisers.

In this context, Dinner Hill’s great infrastructure, already in place, and close proximity to bulk ports is expected to allow for a low capital start-up with plenty of room for growth.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 18 Jan 2016 09:09:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161159/potash-wests-patrick-mcmanus-to-speak-at-proactives-spotlight-ceo-sessions-66554.html
<![CDATA[News - Potash West shares jump 42% ]]> http://www.proactiveinvestors.com.au/companies/news/161158/potash-west-shares-jump-42-66590.html Shares in Potash West (ASX:PWN) jumped as much as 42% today as investors continued to digest recent momentum at the company’s Dinner Hill phosphate project in Western Australia in the context of positive macro outlook for the fertiliser sector.

Potash West stock was last trading 34.6% higher at A$0.035, which represents about a 60% improvement in the past four weeks.

Today’s price traction prompted an query from the ASX and a response from the company stating it was not aware of any explanation for today’s spike in valuation.

More broadly, the company has enjoyed momentum recently on the back of revised scoping work at Dinner Hill which doubled the expected mine life to 40 years and improved net present value by 14%.

Dinner Hill’s pre-tax NPV now totals A$378 million.

Other improvements include a 10% drop in operating costs to $190 per tonne of product and a 24% rise in EBITDA to $52 million per annum.

Capital costs for the project remained at $205 million, including $66 million for the process plant.

New plans to install a sulphur burning acid plant (along with lower oil prices) have substantially contributed to the lower operating cost estimates.

Potash West MD Patrick McManus will speak at Proactive’s Investor Session in February in Sydney and Melbourne. To register, please click the following links:

Sydney Investor Luncheon, Tuesday, 2nd February.

Melbourne Investor Luncheon, Wednesday, 3rd February.



Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 15 Jan 2016 15:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161158/potash-west-shares-jump-42-66590.html
<![CDATA[News - Potash West's MD Patrick McManus in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/161157/potash-wests-md-patrick-mcmanus-in-proactive-qa-sessions-66327.html Potash West (ASX:PWN) holds a strategically located phosphate and potash project in Western Australia, which has the potential to deliver fertilisers to both domestic and growing international markets.

At its Dandaragan Project, the company has one of the world’s largest glauconite deposits, with significant phosphate and potash content.

Adding to the portfolio, Potash West also holds a significant interest in a brown-fields potash project in Germany, which is located close to existing producers.

Proactive Investors is joined exclusively by Patrick McManus, managing director, Potash West.


PROACTIVE INVESTORS: Welcome Patrick.


Taking a macro view, how can Potash West benefit from a growth in agricultural investments, both domestically and internationally?

Patrick McManus: Hello John. There have been a number of strong signals during 2015 that agricultural trade will increase.

The various free trade initiatives that Australia is party to, signify a strong growth opportunity for Australia, and countries in SE Asia, to meet the demand for food in our region.

Fertilisers are a key component of the food supply chain and will play a vital role in this growth.


How will the buying of large land parcels of agricultural land in Australia by domestic and international investors potentially impact Potash West?

Patrick McManus: We have seen an increase in investment in pastoral and dairy properties across Australia, both industries are strong users of phosphate fertilisers, which promotes plant growth.

I believe the increased investment is the first response to the forecast growth, mentioned above.


What is the demand outlook for fertiliser in the short, medium and long term, from which geographic regions, and also the price?

Patrick McManus:  We believe that demand will fluctuate in the short term, driven by issues such as prices for farm products, droughts and world-wide food production, but the long-term demand growth is strong, particularly in our region, which is experiencing strong growth in both population and GDP.

Supply side, and hence prices, is more difficult to predict.

Low energy costs will reduce the production costs for nitrogen based fertilisers and additional MOP potash is forecast to come into production in the next few years.

Prices for phosphates and SOP potash appear to be holding up well though.


What does this mean for the Dandaragan Trough project?

Patrick McManus: We are looking to develop our flagship Dinner Hill project as a two-stage process:

- Stage 1 – A project producing either single superphosphate (SSP), or phosphate rock, which gives us a lower capital route to positive cashflow; and

- Stage 2 – A larger scale project, producing SOP potash, phosphoric acid, and other products, from the vast greensand deposits we have delineated at Dinner Hill. Development work for stage 2 will be financed from the cashflow of stage 1, reducing dilution of our shareholders.

We see increased agricultural activity in Australia, and the local region, benefitting from a local supply of high quality phosphates and potash.

The project will benefit from the increased local demand, gearing off the high quality infrastructure in place.


Moving on to Potash West’s German based assets, what is the plan for these in 2016?

Patrick McManus: We are 55% shareholders of a private company, East Exploration (EE), which holds the exploration licenses in the South Harz Region of central Germany.

This region has been a prolific potash producer for many decades, producing over 100 million tonnes between 1960 and 1990.

A review of existing drilling data on the Kullstedt licence shows the potential to get to a JORC resource fairly quickly, by twinning existing holes, where there is good data, but no drill core available.

That drilling program will be carried out next year and will be financed by an IPO, to be completed early in 2016.

Davenport Resources, a subsidiary of Arunta Resources (ASX:AJR), will be listed on the ASX.

As part of that process 100% of EE will be vended into Davenport.

Potash West will exchange 55% of the private company for 29% of a funded, listed company, with additional performance shares to be issued on milestones.

We see that as a great outcome.

PWN shareholders will have a priority entitlement at the IPO.


Why is maintaining this stake important for Potash West?

Patrick McManus: Germany is a significant producer of potash on a global scale and Europe is a region of intense agricultural development.

We believe that fertiliser demand in that region will grow.

Our holding allows our shareholders to maintain exposure to this exciting project.

Investor interest in European potash exploration is strong.


Can you outline the key catalysts and news flow timetable for 2016?

Patrick McManus: We are working on the process development work for the Dinner Hill phosphate feasibility study.

Updates will be released on that early in 2016.

We are targeting completion of the preliminary feasibility study by Q3 2016.

The listing of Davenport Resources is planned for Q1/Q2 as well.


Finally, why should investors consider adding Potash West to their portfolio?

Patrick McManus:  The scoping study for Dinner Hill phosphate indicated strong financial metrics, confirmation of that via a PFS will lead to a re-rating of the company value.

The long-term fundamentals for fertiliser in this region are very strong.

Short term, PWN holders will have a priority right at the Davenport IPO.


PROACTIVE INVESTORS: Thank-you Patrick.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 30 Dec 2015 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161157/potash-wests-md-patrick-mcmanus-in-proactive-qa-sessions-66327.html
<![CDATA[News - Potash West doubles Dinner Hill mine life ]]> http://www.proactiveinvestors.com.au/companies/news/161156/potash-west-doubles-dinner-hill-mine-life-64752.html Revised scoping work at Potash West’s (ASX:PWN) Dinner Hill phosphate prospect in Western Australia has doubled the expected mine life to 40 years and improved net present value by 14%.

Dinner Hill’s pre-tax NPV now totals A$378 million, compared to the previous estimate of $331 million.

The life extension and value growth delivered by the scoping study have encouraged Potash West to immediately begin a prefeasibility study including new metallurgical testwork.

So far, an average mine production rate of 3.8 million tonnes per annum to produce an average of 400,000 tonnes per annum of  single superphosphate (SSP) over the 40-year life has been considered. SPP is a versatile and widely marketable fertiliser.

A fall in global oil costs and a weakening of the Australian dollar since the Dinner Hill’s previous financial assessment have contributed to a number of more streamlined metrics at the project.

Beyond the doubled mine life and increased NPV, these improvements include a 10% drop in operating costs to $190 per tonne of product and a 24% rise in EBITDA to $52 million per annum.

Capital costs for the project remained at $205 million, including $66 million for the process plant. New plans to install a sulphur burning acid plant (along with lower oil prices) have substantially contributed to the lower operating cost estimates.

The move to revisit Dinner Hill’s scoping results was based on a 108% increase in June for the project’s resource to 250 million tonnes grading 2.9% phosphorus pentoxide.

This was followed by confirmation in July that the company had raised $1.8 million in an oversubscribed placement ensuring funding for the advancement of Dinner Hill. Although a significant portion of these funds is now expected to remain outstanding, the reduction of the raising will have no impact on the project’s development progress.

Dinner Hill – which is part of the larger Dandaragan Trough project north of Perth – has already demonstrated positive metallurgical and processing results, with an overall recovery of 61.3%.

Flotation and magnetic separation recovers 88% of the phosphate from the flotation feed to the phosphate concentrate and acidulation recovers 100% of the phosphate from the phosphate concentrate to the SSP product.

Dinner Hill is expected to be in operation by 2019.


Germany sale offers tighter focus
 
Potash West will be able to concentrate attention more directly on Dandaragan and Dinner Hill after finalising a recent move to offload its prospective but less developed South Harz potash project in Germany.

The deal will result in the sale of the company’s East Exploration subsidiary, which has a 55% in South Harz, to Arunta Resources (ASX:AJR). Arunta’s subsidiary Davenport Pty Ltd will hold the project and plans to list on the Australian Securities Exchange subject to raising at least $4 million and meeting regulatory requirements.

Upside for Potash West includes continued exposure to a growing project via the acquisition of about a 28% stake in Davenport, assuming Davenport realises a $4 million IPO. This newly listed company will be a more focused developer for the property.

The transaction will also bring with it the funds needed to complete a South Harz drill program targeting verification holes on the projects’ Kullstedt licence. The program, along with updates of historical records, is aimed at defining a JORC resource in the area.

Potash mineralisation has been demonstrated in relatively shallow depth of between 500-600 metres to the north of Kullstedt. 


Analysis

Optimisation of Dinner Hill’s financial metrics, even at this early stage, represents a meaningful enhancement of the project’s prospectivity, especially considering the considerable opex savings in combination with a long extension of mine life.

The new project mine life indicates that expansion options exist at the site as the current plan uses only 64% of the mine plan resource defined to date.

Dinner Hill’s great infrastructure, already in place, and close proximity to bulk ports allows a low capital start-up and low logistical and operating costs.

The South Harz sale is a win for Potash West as it allows for a more concerted focus on development of the project’s Kullstedt area, which the company will benefit from via its interest in Davenport. The sale also allows the company to more fully dedicate its efforts on Dinner Hill prefeasibility work.

The global fertiliser business is expected to value US$172 billion this year.

South Harz and Dinner Hill projects are both large projects, providing diversity in commercialisation potential with different end-markets and potentially different investors.

Potash West also stands to benefit from a 21% interest in mineral processing technology company Lepidico Pty Ltd, which has recently achieved some major milestones in its bid to profit from increasingly commercial trends in long-life lithium-ion batteries.

The latest update from Lepidico has tracked a successful, continuous mini-plant run which produced battery-grade lithium carbonate and demonstrated efficient operability.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong.

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Wed, 30 Sep 2015 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161156/potash-west-doubles-dinner-hill-mine-life-64752.html
<![CDATA[News - Potash West's Patrick McManus in Proactive Q&A Sessions™ ]]> http://www.proactiveinvestors.com.au/companies/news/161155/potash-wests-patrick-mcmanus-in-proactive-qa-sessions-64175.html Potash West (ASX:PWN) has in its portfolio the world-class Dinner Hill phosphate and potash project in Western Australia, along with potential company making technology.

In a move to streamline its focus, Potash West is selling its non-core interest in the South Harz project in Germany, and the company has negotiated a deal where the company and shareholders will maintain exposure.

This exposure to South Harz is of strategic importance, as it is not well-known that Germany has a long history of potash mining, starting back in the late 1800's.

The country is still the fifth largest producer in world.

Patrick McManus, managing director of Potash West, speaks exclusively in Proactive Q&A Sessions™.


PROACTIVE INVESTORS: Welcome Patrick.


First of all, can you outline the benefits for Potash West in selling the company’s stake in the South Harz project in Germany?

Patrick McManus: This transaction will bring with it the funds to complete the drill program targeting the verification holes on the Küllstedt licence area.

That is aimed to confirm a JORC Inferred Resource.

As there is a large amount of historical exploration data we expect that a relatively small drill program will generate a good sized resource.

For Potash West shareholders - there are several benefits.

Firstly, they could increase their shareholding in the South Harz project by participating in the IPO of Davenport Resources, PWN shareholders will have a priority entitlement.

Secondly PWN will have a significant equity position in Davenport Resources and success in that project will flow through to our shareholders.

At IPO our shareholding will be approximately 28%, based on a raising of $4 million.

There are significant parcels of performance shares as well, that will come to us, based on exploration success.

This deal allows PWN to concentrate on the Dandaragan Trough project, and completing the feasibility study on Dinner Hill.


What are the future steps for South Harz?

Patrick McManus: The South Harz project will now have a focused, and a well-resourced team to take it forward.

We are currently identifying the drill sites on Küllstedt, and will be applying to carry out drill programs later this year.

Drilling should be completed in 2016, if we achieve a large JORC resource there should be a re-rating of the company market value, which PWN will share in.


Why not retain ownership of South Harz in Potash West?

Patrick McManus: Its important to recognize that we own 55% of the South Harz project.

By vending 100% of the project into a new company, the asset becomes more attractive to the investing market.

South Harz and our Dinner Hill projects are both large projects, with different end-markets, and potentially different investors.

This action allows the two projects to develop independently.


Moving on to Dinner Hill, new drilling targets were identified earlier in the year. When will these be drilled, and what is Potash West trying to achieve?

Patrick McManus: We are in a very fortunate position at Dinner Hill.

The recent drilling has outlined an indicated resource of 250Mtonnes at 2.9% P2O5. This will underpin a mining operation, on our planned scale, for more than 40 years.

So our focus is not on further drilling. There are several areas in and around Dinner Hill where we could target more resources, but that is not our objective.

Right now we are focusing our efforts at completing a preliminary feasibility study on the phosphate resource, to confirm the economic potential.

We expect that to be achieved within approximately twelve months.


Do you see Dinner Hill as being attractive to global strategic investors?

Patrick McManus: The Dinner Hill project has a number of really strong advantages, for a project producing a relatively low unit value product.

The great infrastructure, already in place, and close proximity to bulk ports, allows a low capital start-up and low logistics and operating costs.
 
Crucially the resources are very large and will sustain a large project for many, many decades.

Stage 1, producing single superphosphate, uses well known technology and has a low capital cost.

Stage 2, our K-Max project, will produce sulphate of potash, phosphoric acid and alum, and can be financed by the cashflows from stage 1.

Importantly, the scale will be large enough to interest fertilizer users and suppliers in the region.

We will be long term producers in a region that imports the bulk of its potash and phosphate needs, WA, SE Asia and India all rely on imports.

We can offer secure long term supply from a stable jurisdiction with low sovereign risk.


Can you outline how the company’s K-Max technology could be a “game-changer” for Potash West at Dinner Hill?

Patrick McManus: The K-Max technology is an exciting breakthrough, it releases potash from glauconite, potassium rich mica.

We own the IP 100% and it is patent-protected. At Dinner Hill the technology would allow an operation generating over $250 million EBITDA each year (ungeared, pre-tax), which would be a very significant business, as well as reducing the local costs of fertilizer products.

In addition we own a significant percentage of a new extraction technology, which promises to lower the production costs of lithium.

Lithium is forecast to face demand growth of over 10% annually for many years, based on electric vehicles.


Is Potash West investigating how the K-Max technology could be commercialised?

Patrick McManus: Yes PWN and our partners Strategic Metallurgy are shareholders in Lepidico, a company set up to commercialise the lithium extraction technology.

We are investigating the merits of bringing in the K-Max technology as well.


Finally, can you outline the key upcoming catalysts for investors, and why you consider these have the potential to drive a re-rating in the valuation of Potash West?

Patrick McManus: We have recently announced a large increase in the measured resources at Dinner Hill, and a new Exploration Target.

The revised mining plan, using a higher grade start up, is being calculated at present and will form part of a revised scoping study to be released this quarter.

Work is starting on the preliminary feasibility study for phosphate production at Dinner Hill.

Completion of the Davenport transaction will expose PWN to significant upside, with no liabilities. That is targeted for December 2015.

Also, the lithium exposure could, by itself, have significant value for PWN, if some of the predictions about the demand growth for Lithium are fulfilled.


PROACTIVE INVESTORS: Thank-you Patrick.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 26 Aug 2015 07:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161155/potash-wests-patrick-mcmanus-in-proactive-qa-sessions-64175.html
<![CDATA[News - Potash West selling German potash project to Arunta Resources ]]> http://www.proactiveinvestors.com.au/companies/news/161154/potash-west-selling-german-potash-project-to-arunta-resources-64054.html Potash West (ASX:PWN) has agreed to sell its East Exploration subsidiary, which has a 55% in the South Harz project in Thuringia, Central Germany, to Arunta Resources (ASX:AJR).

Its subsidiary Davenport Pty Ltd, which will hold the project, plans to list on the Australian Securities Exchange subject to raising at least $4 million and meeting regulatory requirements.

Both Potash West and Davenport shareholders will have priority entitlement in the capital raising.       

The company will receive $250,000 as non-refundable option and exclusivity fees as well as 36,458,333 Davenport shares at listing price of $0.20 plus 67,708,334 performance shares, which will convert to ordinary shares on achieving pre-determined project milestones.

It will own about 28% of Daveport, subject to the amount raised.

Funding to be applied to drilling targets identified by Potash West in March 2015.

South Harz consists of the Küllstedt and Grafentonna licences. Küllstedt has an Exploration Target of 4 to 5 Billion tonnes of potash ore at a grade between 7 and 25% K2O.

Patrick McManus, managing director, commented:

“This transaction is a major step forward for Potash West and our shareholders. The South Harz project will now have a focused, and well-resourced team to take it forward.

“The review of data for Küllstedt has identified several targets where drilling could validate previous exploration work, allowing a rapid path to a JORC compliant resource.

“Whilst maintaining a significant exposure to South Harz, the company can continue to progress its other projects: The Dinner Hill phosphate and potash project in the Dandaragan Trough and its ground-breaking extraction technologies, the 100% owned K-Max technology and the 25% owned Li-Max technology.”


South Harz

South Harz is located in Central Germany where world class infrastructure network is being utilised by current potash producers to access key in Europe and offshore.

The Küllstedt and Grafentonna exploration licences cover 457 square kilometres with potential for rapid resource definition and growth using extensive historical drilling records.

A total of 34 drill holes were drilled in the Küllstedt licence, and its immediate surrounds, in the period 1960 to 1980.

There is a well-documented history of production on the licences and very long history of extensive production on neighboring properties from Sylvinite and Carnallitite ores (100 million tonnes of potash prior to 1993, and over US$20 billion in today’s value).

Three shafts were sunk in the Küllstedt licence extracting potash early last century.

Distribution of potash salts in the Küllstedt area has been well documented through over a century of exploration and mining and the geology of the area is well understood.

Planning for a confirmatory drilling program targeting areas of thick mineralisation at shallower depths is in progress with consultants and will be finalised in the next few months.

Current potash mining in the region exploits sylvinite, and carnallitite, utilising both large scale underground and solution mining / extraction methods.

Adding interest, Germany is the fifth largest potash producing country with extensive expertise in potash mining.


Analysis

Potash West’s sale of South Harz to Arunta Resources will allow the company to focus on its Dinner Hill project and extraction technologies while retaining a meaningful interest in the potash project.

Its shareholders will also have priority entitlement in Davenport’s capital raising, giving them the opportunity to increase their exposure.

The company is currently carrying out feasibility studies of the Dinner Hill Phosphate Project.

Potash West had $1.5 million in cash as at 30th June 2015 and recently raised $1.8 million in an oversubscribed placement.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 18 Aug 2015 10:55:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161154/potash-west-selling-german-potash-project-to-arunta-resources-64054.html
<![CDATA[News - Potash West inks large increase to phosphate target at Dinner Hill ]]> http://www.proactiveinvestors.com.au/companies/news/161153/potash-west-inks-large-increase-to-phosphate-target-at-dinner-hill-63581.html Potash West (ASX:PWN) has increased by 50% the Exploration Target at the Dinner Hill Phosphate Project in Western Australia to 550 million to 800 million tonnes grading between 2% and 2.8% P2O5.

This follows the June 2015 increase in defined Indicated Phosphate Resources to 250 million tonnes (Mt) at 2.9% P2O, highlighting its world-class size.

It recently raised $1.8 million in an oversubscribed placement, ensuring it is well funded to advance the Dinner Hill Project.

The phosphate target partially overlaps a potash Exploration Target of 1.2 billion tonnes to 1.8 billion tonnes of greensand containing potash mineralisation at a grade of between 3.5% and 4% K2O.

This represents a 20% increase in tonnage and 15% in grade for the potash target.

Dinner Hill has Indicated and Inferred potash Resources of 195Mt at 3.8% K2O including 175Mt of Indicated Resources at 4.0% K2O in the target Molecap Greensand.

Patrick McManus, managing director, said:

“The increased resource reported to the ASX in early June 2015 will support a very long life project producing phosphate fertiliser from the Dandaragan Trough. These Exploration Targets indicate that the resource could increase significantly with further drilling.

“Western Australia and SE Asia imports the bulk of our phosphate requirements from overseas.

This is an opportunity to establish a fertiliser project in Western Australia, meeting the needs of local and regional farmers.

“We have commenced feasibility studies to confirm the commercial viability of the Phosphate Project, planned to produce single superphosphate.”


Exploration Target

The updated Exploration Target estimate is based upon air-core drilling carried out by Potash West between 2011 and 2015 and the updated Mineral Resource estimate.

Within the central section of the Exploration Target, the contained potash mineralisation is of higher grade, between 4% and 4.6% K2O.

Towards the north, phosphate grades are higher, ranging from 4% and 5% P2O5, with an average thickness of about 9 metres.

The boundaries to the target area were set by the limits to the fresh Molecap Greensand encountered in the Potash West drill-holes.


Dinner Hill Phosphate Project

Dinner Hill is located in the Midwest wheat belt of Western Australia about 225 kilometres by road north of Perth.

This places it close to local markets in the state as well as proximity to ports that allow it to easily export fertiliser to markets in South East Asia.

In addition, the phosphate and potash mineralisation are largely contained in the same area and could be recovered by a single mining operation.

Other attractions include:

- Low capex, low risk route to cashflow through phosphate production first. Low impact mining.
- Great infrastructure already in place, while being less than 200 kilometres by existing rail to export ports.
- High operating margin potash, phosphate and alum project as Stage 2.
- The scale is large enough to be a significant fertilizer producer for many decades.


Analysis

Potash West’s updated Exploration Target of 550 million to 800 million tonnes at between 2% and 2.8% P2O5, represents a 50% increase in tonnage and 5% in grade.

It clearly highlights the potential to increase resources at the Dinner Hill Phosphate Project through further drilling.

This adds to the long life supported by the existing resources, which was also upgraded recently to an Indicated Phosphate Mineral Resource of 250Mt at 2.9% P2O5 as well as Indicated and Inferred Potash Resources of 195Mt at 3.8% K2O.

Adding interest, the company has started feasibility studies to confirm the commercial viability of the Phosphate Project, which is planned to produce single superphosphate.

Potash West is funded to advance Dinner Hill, having recently raised $1.8 million in an oversubscribed placement, a strong achievement in the current difficult capital markets.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 22 Jul 2015 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161153/potash-west-inks-large-increase-to-phosphate-target-at-dinner-hill-63581.html
<![CDATA[News - Potash West appoints non-executive director ]]> http://www.proactiveinvestors.com.au/companies/news/161152/potash-west-appoints-non-executive-director-63204.html Potash West (ASX:PWN) has appointed Dr Natalia Streltsova as a non-executive director as it progresses development of the Dinner Hill project in the Dandaragan Trough north of Perth, Western Australia.

Concurrently, Gary Johnson will step down from the board to focus on the development of promising lithium extraction technology.

Streltsova has extensive experience in the minerals industry, the last 15 years of which has been in technical leadership roles in major mining houses, such as Vale SA (NYSE:VALE), BHP Billiton (ASX:BHP) and WMC Resources Limited.

Adrian Griffin, chairman, said:

“Her experience in overseeing project development in the mining industry will be invaluable as we drive to our goal of phosphate production from the Dandaragan Trough. Specifically her exposure to project evaluation in the fertiliser industry will be invaluable.”

He added that Johnson and his team at Strategic Metallurgy have supported the company’s technical development, particularly its wholly-owned K-Max process.

“The strong technical support will not be diminished by this step, as Mr Johnson will remain a key member of the technical review group,” Johnson noted.

“This step will allow a stronger corporate separation between the owner of 75% of the lithium technology, Li Technology Pty Ltd, and Potash West.

“Both parties remain committed to working together to deliver the value in the K-Max and L-Max technologies.”

Licensing the L-Max technology will allow several projects to be developed simultaneously.


Recent Activity

Earlier this month, Potash West attracted new institutional investors in an oversubscribed placement, with the funds to advance its world-class Dinner Hill Phosphate project.

The company sought to raise $1.5 million, but strong demand allowed $1.8 million to be raised before costs.

The placement was completed at $0.04 per share plus half a $0.07 option.

It also recently upgraded the size and grade of the company's resource at Dinner Hill Project, which highlighted its world-class size.

The phosphate indicated resource grew to 250 million tonnes at 2.9% P2O5, a 108% tonnage and 4% grade increase.

The potash mineralisation occurs mainly within the Molecap Greensand, which is now estimated to contain 175 million tonnes at 4% K2O, a 43% increase in tonnes and a 12% grade reduction.

The two resources, phosphate and potash are, in the main, contained in the same area and could be recovered by a single mining operation.

An optimised mining plan is expected within the next two months.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 30 Jun 2015 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161152/potash-west-appoints-non-executive-director-63204.html
<![CDATA[News - Potash West's oversubscribed raising to advance Dinner Hill Phosphate ]]> http://www.proactiveinvestors.com.au/companies/news/161151/potash-wests-oversubscribed-raising-to-advance-dinner-hill-phosphate-63123.html Potash West (ASX:PWN) has attracted new institutional investors in an oversubscribed placement, with the funds to advance its world-class Dinner Hill Phosphate project.

The company sought to raise $1.5 million, but strong demand allowed $1.8 million to be raised before costs.

The placement was completed at $0.04 per share plus ½ a $0.07 option.

Pat McManus, managing director, commented:

"We are very pleased with the support received for this capital raising, particularly in what are challenging times for the junior resource sector.

"We will now look to accelerate the progress on our Dinner Hill phosphate project in the Dandaragan Trough north of Perth, Western Australia.”


Dinner Hill upgrade

Recently Potash West upgraded the size and grade of the company's resource at its Dinner Hill Project, which highlighted its world-class size.

The phosphate indicated resource grew to 250 million tonnes at 2.9% P2O5, a 108% tonnage and 4% grade increase.

The potash mineralisation occurs mainly within the Molecap Greensand, which is now estimated to contain 175 million tonnes at 4% K2O, a 43% increase in tonnes and a 12% grade reduction.

The two resources, phosphate and potash are, in the main, contained in the same area and could be recovered by a single mining operation.

The current resource could be just the beginning, considering mineralisation is open to the east and to the south.


Attractions of Dinner Hill

The project is also close to local markets in Western Australia while its proximity to export ports places it within reach of markets in South East Asia.

Other attractions include:

- Low capex, low risk route to cashflow through phosphate production first. Low impact mining.

- Great infrastructure already in place, while being less than 200 kilometres by existing rail to export ports.

- High operating margin potash, phosphate and alumproject as stage 2.

- The scale is large enough to be a significant fertilizer producer for many decades.


Analysis

Potash West has raised $1.8 million in an oversubscribed placement, which is a strong achievement in the current difficult capital markets.

Funds will be used to advance Dinner Hill, which has a low capex, low risk route to cashflow through phosphate production, and can leverage off existing infrastructure.

Upcoming catalysts:

- Optimised mining plan to be completed within the next two months; and
- Start of Feasibility Study in the third quarter.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 25 Jun 2015 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161151/potash-wests-oversubscribed-raising-to-advance-dinner-hill-phosphate-63123.html
<![CDATA[News - Potash West to reveal raising ]]> http://www.proactiveinvestors.com.au/companies/news/161150/potash-west-to-reveal-raising-63067.html Potash West (ASX:PWN) has been granted a trading halt by the ASX, pending details of a capital raising.

The company recently upgraded the size and grade of the resource at its Dinner Hill Project in Western Australia.

Potash West also has interests in Germany, the fourth largest potash producer in world, along with an investment in K-Max technology.

The halt will last until the earlier of an announcement being made to the market, or the opening of trade on Thursday 25th June 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 23 Jun 2015 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161150/potash-west-to-reveal-raising-63067.html
<![CDATA[News - Potash West moves ahead with German potash project ]]> http://www.proactiveinvestors.com.au/companies/news/161149/potash-west-moves-ahead-with-german-potash-project-62900.html Potash West (ASX:PWN) has commissioned global potash experts Ercosplan to oversee technical operations on the South Harz project in Thuringia, Central Germany.

Further drilling is required to upgrade the resource classification at the Project to JORC 2012 standard.

The consultants believe that a maximum of three drill holes will have a significant impact on the upgrade.

East Exploration Pty ltd, which Potash West owns 55% of, is the registered owner of the South Harz project,

Those drill holes are currently being planned and discussions with drilling contractors, capable of delivering the required drilling specifications has commenced.

South Harz consists of the Küllstedt and Grafentonna licences. Küllstedt has a very large Exploration Target of 4 to 5 Billion tonnes of potash ore at a grade between 7 and 25% K2O.


Demerger progress   

On 11 May 2015, Potash West announced the opportunity, subject to due diligence, to sell 100% of the South Harz project to Petratherm Limited (ASX:PTR).

Parties have decided not to proceed with the transaction and Potash West and East Exploration are now negotiating with other parties to achieve a similar outcome.

The company remains committed to a dedicated listing for the assets.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 15 Jun 2015 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161149/potash-west-moves-ahead-with-german-potash-project-62900.html
<![CDATA[News - Potash West MD Patrick McManus in Q&A with Proactive Investors ]]> http://www.proactiveinvestors.com.au/companies/news/161148/potash-west-md-patrick-mcmanus-in-qa-with-proactive-investors-62804.html Potash West (ASX:PWN) recently upgraded the size and grade of the company's resource at its Dinner Hill Project in Western Australia.

The upgraded resources have highlighted the world class size and prospectivity of Potash West's Dandaragan Trough Project.

The increase will form the basis of pit design and mine scheduling studies that will be carried out as part of the planned phosphate production feasibility study, which could begin in the third quarter of 2015.

The previous Indicated Resource is already sufficient for a mine life of more than 20 years.

Proactive Investors is joined exclusively by Potash West's managing director, Patrick McManus.


PROACTIVE INVESTORS: Welcome Patrick.


First of all can you please outline the size of the new resource, and why can it be considered as world-class?

Patrick McManus:

We have now upgraded the phosphate indicated resource to 250 million tonnes at 2.9% P2O5, a 108% tonnage and 4% grade increase.

The potash mineralisation occurs mainly within the Molecap Greensand, which is now estimated to contain 175 million tonnes at 4% K2O, a 43% increase in tonnes and a 12% grade reduction. The two resources, phosphate and potash are, in the main, contained in the same area and could be recovered by a single mining operation.

Phosphate and potash mineralisation are open to the east and to the south, which offers considerable upside at Dinner Hill for increased project life, or capacity increases.

These results are from drilling covering less than 20 square kilometres of Dinner Hill, where the prospective ground is more than 50 square kilometres. In addition there are many other intersections in the greater Dandaragan Trough that indicate good grades and thickness’s.

The project is also close to local markets in Western Australia while its proximity to export ports places it within reach of markets in South East Asia.


Can you outline the next key catalysts for the Dandaragan Trough Project?

Patrick McManus:

- Optimised mining plan to be completed within the next two months; and
- Start of Feasibility Study in the third quarter.


What are the key attractions of the Dinner Hill Project?

Patrick McManus:

Low capex, low risk route to cashflow through phosphate production first. Low impact mining.

Great infrastructure already in place, while being less than 200 kilometres by existing rail to export ports.

High operating margin potash, phosphate and alumproject as stage 2.

The scale is large enough to be a significant fertilizer producer for many decades.


In regards to Potash West’s interests in Germany, can you provide details and what are the next steps for investors to look out for?

Patrick McManus:

We have a 55% interest in an Exploration project in the South Harz region of Central Germany.

A recent review by our consultants has reported an Exploration Target of 4 to 5 Billion tonnes of potash ore at a grade between 7 and 25% K2O on one of the exploration licences, Kullstedt.

We are now planning a drilling program which will have the aim of converting some of that target area to a JORC inferred resource status.


Does Germany have a history of potash mining, and what is the demand in the country and the region?

Patrick McManus:

Germany has a long history of potash mining, starting back in the late 1800s. It is still the 4th largest producer in world and extensive expertise in potash mining exists in the country.

Like the Dandaragan Trough, Germany has the very strong advantages of low sovereign risk, great infrastructure already in place and located in regions that are net importers of our products.

Our two exploration project areas, Kullstedt and Grafentonna, both have an extensive exploration history, when the area was controlled by the previous East German government, in the Soviet era. 


Potash West has a financial interest in K-Max technology. How does the technology work and how can it potentially benefit the company?

Patrick McManus:

K-Max technology was developed by our metallurgical consultants, Strategic Metallurgy.

Potash West financed that work and owns the intellectual property (IP)100%. The process uses well known unit operations that are in use in processing operations in several fields, hot acid leaching, controlled precipitation and leaching, but has a number of innovations that allows the liberation of the potassium with a low energy requirement.

The potential benefits from that technology could come from several areas:

- The K-Max process underpins the Stage 2 project at Dinner Hill, unlocking the value of the glauconite mineral present in the widespread greensand deposits in the Dandaragan Trough. 
- The technology could be applied to other glauconite deposits around the world. We have had discussions with groups looking at that. 
- Strategic Metallurgy has continued to develop the underlying process technology, and has now a new process, in patent application, to extract lithium from various mica minerals. In recognition of the K-max process, Potash West owns 25% of that IP.
- Both ourselves and Strategic are committed to exploiting these technologies aggressively. Lithium is currently forecast to have strong demand growth. We have granted licences to Cobre Montana, an ASX listed company, which is studying a range of projects for lithium production.


Finally, what are the key reasons an investor should consider adding Potash West to their portfolio?

Patrick McManus:

Firstly I think investors should decide whether they want exposure to materials that are key commodities for the food supply business. Potash and phosphates are two of the three top fertilizer components.

Alum is used in industrial water treatment plants, so as water recycling increases, demand for that product should grow. The agricultural sector has different drivers to most of the mining sector.

We are hearing frequently of the need to ensure greater food supply to meet the needs of a growing world, with a higher disposable income. Agricultural land, fertilisers and water should all benefit from that increased demand.

A second key point is the location of our projects, which gives two important advantages:
- Low sovereign risk, ensuring supply to a customer base that requires certainty of supply to guarantee food production.
- Low logistic and operating costs, due to location and the existence of important infrastructure.

The third key point is that we have several assets, Dinner Hill, the greater Dandaragan Trough, South Harz exploration and the technology play.

All are being progressed and any one could be a company maker.


PROACTIVE INVESTORS: Thank-you Patrick.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 10 Jun 2015 07:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161148/potash-west-md-patrick-mcmanus-in-qa-with-proactive-investors-62804.html
<![CDATA[News - Potash West inks upgrade to phosphate and potash resources at Dinner Hill ]]> http://www.proactiveinvestors.com.au/companies/news/161147/potash-west-inks-upgrade-to-phosphate-and-potash-resources-at-dinner-hill--62713.html Potash West (ASX:PWN) has upgraded its phosphate resource at its Dinner Hill Project in Western Australia to the higher confidence Indicated resource to 250 million tonnes at 2.9% P2O5, a 108% tonnage and 4% grade increase.

Dinner Hill is part of the Dandaragan Trough Project area - one of the world’s largest glauconite deposits.

The resource upgrade is based on 90 holes drilled in 2014 and 2015 that has identified higher phosphate grades in the north.

These results will form the basis of pit design and mine scheduling studies carried out as part of the planned feasibility study into phosphate production at Dinner Hill.

Principal potash mineralisation occurs within the Molecap Greensand, which is now estimated to contain 175 million tonnes at 4% K2O, a 43% increase in tonnes and a 12% grade reduction.

“These are very pleasing results, which have further highlighted the world class size and prospectivity of our Dandaragan Trough Project,” managing director Patrick McManus said.

He added the drilling had achieved all its objectives:

- Identifying the extent of mineralisation, to allow a definition of the deposit sufficient to delineate an area that will be affected by mining, for permitting purposes;
- Obtaining samples to complete metallurgical and process development testwork, sufficient for feasibility studies; and
- Drilling a sample area of the deposit to confirm the drill density that will be required to report a JORC resource to a Measured Resource category.

“Importantly, the mineral inventory for phosphate production has increased substantially, and there is still a significant area of the prospective Dinner Hill tenement to be explored,” he said.

“Phosphate and potash mineralisation are open to the east and to the south, which offers considerable upside at Dinner Hill for increased project life, or capacity increases.”


Next Steps

The Indicated Resource will now be used to develop an optimised mining plan which will be the basis for a new scoping study model for mining Dinner Hill.

Two development options will be modelled:

- Model 1: Mining the phosphate rich parts of the deposit, to produce single superphosphate, for the life of the Indicated Resource;
- Model 2: Using the phosphate mining project as a “springboard” to generate cashflows, some of which would be used to complete the development work for Potash West’s unique KMax process. In this model the K-Max operation commences about 5 years after the phosphate project.

This work will be completed within the next two months and will then feed into a revised financial model.

The samples collected for metallurgical studies will be used for work to establish:

- The best processing route, including grades, recoveries and separation parameters;
- The variability of the deposit, in terms of key criteria such as mineralogy, particle size, ore hardness and grade.

This work will commence as soon as possible and will generate process information continuously over a period of approximately 6 months.


Dinner Hill

The 22 square kilometre Dinner Hill project is located 175 kilometres north of Perth and forms part of the broader Dandaragan Trough Project area.

It covers two virtually horizontal greensand formations within the Cretaceous Coolyena Group: the Poison Hill Greensand and the Molecap Greensand.

Over most of the area of the deposit they are separated by the Gingin Chalk and in places are underlain by a thin pebble horizon containing phosphatic nodules.

An average thickness of about 11m of surficial, mostly sandy, cover overlies the greensand units.

The greensands and the chalk contain significant amounts of phosphate as grains and nodules of fluorapatite. They also contain significant potash within the mineral glauconite.

Additional work to extend the range of bulk density measured is planned.

Portions of the resource will be infill drilled to elevate those areas to the Measured Mineral Resource category.

Dinner Hill has low capex and low risk to cashflow through phosphate production first.

The proposed 4.2 million tonne per annum phosphate plant has estimated NPV of A$331 million, IRR of 29.5%, capital costs of A$200 million, operating costs of A$200 per tonne and revenue of A$370 per tonne.

It will produce 390,000 tonnes of single superphosphate with a commodity grade of 18% P2O5 and a 20 year mine life.

Potash West expects to start the phosphate production feasibility study in the third quarter of this year with construction expected to start in 2017. Production could start in the second half of 2018.


Dandaragan Trough

The 2,500 square kilometre Dandaragan Trough Project area has about 150 kilometres of strike that is about 20 kilometres wide and has existing rail, power, gas and water infrastructure.

The project is also close to local markets in Western Australia while its proximity to export ports places it within reach of markets in South East Asia.


Analysis

The upgraded resources at Dinner Hill have highlighted the world class size and prospectivity of our Dandaragan Trough Project.

Particularly, the increase in the phosphate resource will form the basis of pit design and mine scheduling studies that carried out as part of the planned phosphate production feasibility study, which could begin in the third quarter of 2015.

Given that the previous Indicated Resource is already sufficient for a mine life of more than 20 years, this work could include a revision of throughput.

In addition, the unconsolidated sand near surface will allow for rapid and low cost infill drilling that will be carried out as part of the final work for the feasibility study.

This could result in the defining of a Measured Resource enough for about 10 years of mining.  

Share Price Catalysts
- Optimised mining plan to be completed within the next two months; and
- Start of Feasibility Study in the third quarter.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 03 Jun 2015 09:13:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161147/potash-west-inks-upgrade-to-phosphate-and-potash-resources-at-dinner-hill--62713.html
<![CDATA[News - Potash West: First production of lithium carbonate using L-Max process ]]> http://www.proactiveinvestors.com.au/companies/news/107286/potash-west-first-production-of-lithium-carbonate-using-l-max-process-107286.html Potash West’s (ASX:PWN) K-Max technology has been extended with the first continuous production of lithium carbonate using the derivative L-Max process by Lepidico Limited.

This proves its ability to extract lithium from micas, which have traditionally been considered a waste material.

Lepidico, which is charged with commercialising the technology, has constructed and operated a mini-plant in a metallurgical laboratory in Perth.

Continuous operations were carried out, using Lepidolite ore supplied by Cobre Montana (ASX:CXB).

Further runs will be carried out with this material, and ore from other project sites. In addition to providing information on processing conditions, this will provide marketing samples of lithium carbonate for evaluation by potential customers.   

Potash West owns 25% of Li-Technology Pty Ltd, which holds the L-Max technology, with the remaining 75% held by Strategic Metallurgy Pty Ltd.
   
The two companies are in the process of transferring the ownership of Li-Technology to Lepidico, in exchange for shares.

K-Max, which is 100% owned by Potash West, was developed in conjunction with Strategic Metallurgy Pty Ltd to treat glauconite for the production of potash and other minerals.

SM subsequently developed, at their own cost, the L-Max process, for lithium bearing micas.

This technology is held by Li-Technology Pty Ltd (PWN 25%, SM 75%). Its ownership is being transferred to Lepidico in exchange for shares.

“This is an important step in the development of the L-Max technology and the demonstration of its applicability to lithium extraction,” managing director Patrick McManus said.

“The mini-plant will be a great asset for Lepidico to trial micas from other deposits, and will provide data to support the commercialisation of the process.

“In addition the operation of the plant provides data that will feed into the further development of the K-Max process.”


Mini-Plant

The mini-plant in Perth is based on the L-Max process which extracts lithium from lithium rich micas, removes impurities and precipitates battery-grade lithium carbonate. 

The burgeoning demand for lithium into the battery industry has driven this development as it now allows lithium micas, long considered a waste material, to be treated as lithium ores.

This potentially opens up new resources on which lithium projects can be based.

Estimated operating costs for this process are comparable with current low cost producers.

Lepidico has been fast tracking the development of the L-Max process to ensure it can commercialise the technology rapidly.

The first laboratory tests were only conducted in September 2014. Since that time, the complete process, from ore to final products, has been confirmed through batch laboratory tests, and computer modelling.

The phase of development announced here, the mini-plant, aims to confirm process parameters when the process is operated on a continuous and closed circuit basis as would be the case in a commercial plant.

Lepidico has a small but focussed team that will use the mini-plant is the next months to further define our understanding of the process conditions to enable the company to take the next steps to full scale commercial operation.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 21 May 2015 10:52:00 +1000 http://www.proactiveinvestors.com.au/companies/news/107286/potash-west-first-production-of-lithium-carbonate-using-l-max-process-107286.html
<![CDATA[News - Potash West to sell asset ]]> http://www.proactiveinvestors.com.au/companies/news/161146/potash-west-to-sell-asset-62223.html Potash West (ASX:PWN) has been granted an ASX trading halt in relation to a corporate transaction involving the sale of an asset.

The halt will last until the earlier of the announcement being made or the start of trade on Monday, 11th May 2015.

In the March 2015 Quarter, the company completed a drilling program at its Dinner Hill potash project in Western Australia to drive an updated Resource estimate.

It has also identified an exploration target at the Küllstedt Exploration Licence within the South Harz Project in Germany.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 07 May 2015 16:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161146/potash-west-to-sell-asset-62223.html
<![CDATA[News - Potash West granted stake in lithium carbonate technology company ]]> http://www.proactiveinvestors.com.au/companies/news/161145/potash-west-granted-stake-in-lithium-carbonate-technology-company-60964.html Potash West (ASX:PWN) has been granted a 25% interest in a company that holds the licence for a unique lithium carbonate producing technology.

The ground-breaking technology has high value potential to support the rapidly growing lithium battery market.

Investigations will be undertaken to increase value by participating in the technology focused company.

The interest in this opportunity arose through Potash West’s close working relationship with Strategic Metallurgy (SM), its technology partner in the development of a new process technology to unlock value from micaceous minerals.

Potash West is the owner of K-Max, a process to produce potash and other valuable commodities from glauconite, a mineral wide-spread in the large Dandaragan Trough area, located between Perth and Geraldton, Western Australia.

A patent for K-Max has been applied for.

SM has subsequently developed further improvements to the K-Max technology, allowing it to treat lithium rich micas and has devised a purification and recovery process to produce battery grade lithium carbonate. SM has applied for a patent covering this new technology.

SM has licensed the technology to Cobre Montana (ASX:CXB), which is pursuing opportunities to apply the technology and meet the global demands of a strongly growing lithium market.

In recognition of the genesis of the lithium technology, SM has agreed to vest 25% ownership of the lithium technology to Potash West.

SM is now pursuing a business model that will develop and commercialise processing technology and then license that technology to project developers.

In return for contributing the K-Max process IP, Potash West would receive:

- A licence to apply the process in all of Western Australia, at a discounted royalty; and
- A significant shareholding in the new company, which could be distributed to our shareholders.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 27 Feb 2015 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161145/potash-west-granted-stake-in-lithium-carbonate-technology-company-60964.html
<![CDATA[News - Potash West finds a way through the chalk at Dandaragan Phosphate Project in WA ]]> http://www.proactiveinvestors.com.au/companies/news/161144/potash-west-finds-a-way-through-the-chalk-at-dandaragan-phosphate-project-in-wa-52759.html Potash West (ASX:PWN; OTCQX: PWNNY) could be a step closer to the development of the Dandaragan Phosphate Project, after testing showed it could extract phosphate from the Gingin chalk.

Initial testing and modeling showed that without selectively mining and removing the chalk from the process stream, commodity grade single superphosphate could not be produced due to the high calcite content in the phosphate concentrate.

The project, located 150 kilometres north of Perth is expected to benefit from the testwork results as it would simplify the mining operations and allow for processing of phosphate containing ore that was initially thought to be overburden.

Initially, the calcite rich chalk layer was rejected at the mine.

Recent testwork, focusing on this chalk zone, has demonstrated the potential to recover phosphate from the chalk by implementing a selective flotation regime.

The results have shown that an overall phosphate recovery of 58.1% can be expected when producing commodity grade SSP from processing the chalk at Dinner Hill.

The recovery has reduced compared to that in the Scoping Study (61.2%) as a result of some phosphate reporting to the calcite concentrate.

However, more importantly, the ability to process the phosphate bearing chalk is expected to economically outweigh the small reduction in recovery.

Processing the chalk allows for simpler mining, a lower mining strip ratio and longer mine life to that proposed in the Scoping Study.

Potash West is in the process of re-configuring the mining block model, which will lead into a revision of the economic analysis.

The ability to process the chalk is seen as a significant step in the development of the Dandaragan Phosphate Project.

A successful commercial outcome would allow the Company to become a major contributor to the potash market at a time of increased demand.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 12 Feb 2014 17:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161144/potash-west-finds-a-way-through-the-chalk-at-dandaragan-phosphate-project-in-wa-52759.html
<![CDATA[News - Potash West’s Patrick McManus discusses WA potash at “Stars in 2013” ]]> http://www.proactiveinvestors.com.au/companies/news/161143/potash-wests-patrick-mcmanus-discusses-wa-potash-at-stars-in-2013-42270.html Potash West (ASX: PWN) is focused on developing its Dandaragan Trough Project in Western Australia – one of the world’s largest glauconite deposits, mixed with silica, in a deposit of greensand.

The company’s prospects are also aided by its proprietary fertiliser processing technology called K-Max process, for which it has applied for a patent.

Managing director Patrick McManus will present to investors at the "Stars in 2013 Series" Forum on Wednesday 8th May 2013.

CLICK HERE TO REGISTER FOR FREE.

Glauconite, a major component of greensand, is a common source of potassium in plant fertilisers.

Previous exploration at the 2,900 square kilometre Dandaragan Trough Project indicates glauconite sediments are widespread for more than 150 kilometres along strike and 20 kilometres in width, with many intercepts over 20 metres.

The project hosts a resource of 244 million tonnes at 3% K2O, including 122 million tonnes at 4.6% K2O within less than 20% of the Dinner Hill target area.

A Scoping Study has outlined a mining rate of 2.4 million tonnes per annum to produce a suite of products.

This comprises 85,000 tonnes per annum of sulphate of potash (SOP), 195,000 tonnes per annum KMS, 220,000 tonnes per annum iron oxide, 900,000 tonnes per annum aluminium sulphate and 310,000 tonnes per annum phosphate.

The SOP and phosphate would be consumed locally and the balance would be exported.

The Scoping Study indicated a net present value of A$808 million, an internal rate of return of 21% and a mine life of over 60 years.

The Dandaragan Trough Project has a location advantage in terms of connectivity to transport facilities, infrastructure and proximity to local markets.

The project is strategically located adjacent to the Western Australian Wheat Belt, a major consumer of fertiliser products.

Significantly, there is no potash production in Australia and the Dandaragan Trough Project is located within Australia’s largest potash consuming region.

Australia currently consumes half a million tonnes per annum of potash, which at present is all imported.

The project has a transport advantage to two major growth markets – India and China, with established export infrastructure in place nearby.

A phosphate study is slated for release in the September quarter of 2013, followed by a pilot plant in the June quarter of 2014.


EVENT DETAILS:

Start time:  6.00pm - Please arrive by 5:45pm.

Date: Wednesday 8th May 2013

Place: Radisson Blu Hotel - Cnr Pitt & O'Connell Street

Four exciting companies are presenting with three Lucky Door Prizes, which is then followed by a wine and canapé reception where you can personally interact with the presenting MD's & CEOs.

The event is FREE to attend but make sure you REGISTER today as the seats are filling quickly already.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 19 Apr 2013 16:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161143/potash-wests-patrick-mcmanus-discusses-wa-potash-at-stars-in-2013-42270.html
<![CDATA[News - Potash West secures cornerstone investor, raises A$3 million ]]> http://www.proactiveinvestors.com.au/companies/news/161142/potash-west-secures-cornerstone-investor-raises-a3-million-35998.html Potash West (ASX:PWN) has secured a Chinese cornerstone investor to invest A$3 million through a share placement.

The funding will cover a substantial portion of the pre-feasibility study costs for the Dandaragan Trough project in Western Australia.

The project aims to develop the large glauconite deposits present in the Trough, starting less than 60 kilometres north of Perth.

The placement of over 9.9 million shares will be done at a 33 cents a share, a 35% premium to the five-day trading average.

Potash West will produce potash fertiliser and a range of by-products including superphosphate.

It is in the process of exploration to identify the thickest, shallowest and highest grade deposits while developing a flow sheet for a cost effective process development.

A final flow sheet has been defined, with a scoping study to identify capital and operating costs estimates currently underway. It is being conduced by Tenova Bateman Projects, with work likely to be completed by end of this year.

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Fri, 16 Nov 2012 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161142/potash-west-secures-cornerstone-investor-raises-a3-million-35998.html
<![CDATA[News - Potash West delivers maiden potash resource at Dinner Hill ]]> http://www.proactiveinvestors.com.au/companies/news/161141/potash-west-delivers-maiden-potash-resource-at-dinner-hill-34389.html Potash West (ASX: PWN) has defined an initial JORC resource for its Dinner Hill Prospect in Western Australia, with over 98% of the resources already in the higher confidence Indicated category. 

The resource of 244 million tonnes at 3% K20 and 1.6% P2O5 extends over 9 kilometres, representing only 20% of the prospect area.

The Dinner Hill Prospect forms part of a much more extensive tenement holding of some 2,900 square kilometres and is just one of 10 prospective areas identified in the Dandaragan Trough so far.

Providing exploration upside, the JORC resource is open to the north, east and south and constrained only by the amount of completed drilling.

Mineralisation also occurs near surface.

The Molecap Greensand has been the primary target at Dinner Hill because of the higher contained potash grades.

The target is estimated to contain 122 million tonnes at 4.6% K20 and 1.8% P2O5, and has an average thickness of 8 metres, thickening to the south and dipping at a shallow angle to the east.

Potash West has identified an area of some 60 square kilometres at Dinner Hill where it is expected additional resources will be identified within 30 metres of the surface.

The company is planning up to 10,000 metres of aircore drilling to significantly increase the resource inventory at Dinner Hill.

A Dandaragan Trough Scoping Study is due for completion in December.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Thu, 11 Oct 2012 14:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/161141/potash-west-delivers-maiden-potash-resource-at-dinner-hill-34389.html
<![CDATA[News - Potash West raises A$1.65M to progress Dandaragan glauconite project ]]> http://www.proactiveinvestors.com.au/companies/news/161140/potash-west-raises-a165m-to-progress-dandaragan-glauconite-project-30356.html Potash West (ASX: PWN) has raised A$1.65 million, more than the original A$1.5 million it was seeking, to progress its Dandaragan Trough Glauconite Project in Western Australia.

Funds from the placement will be used to secure patents and other protections for the processes that are being developed as part of the studies into process development at Dandaragan.

The Dandaragan project is a world class glauconite project which hosts large deposits in the Dandaragan Trough, less than 60 kilometres from Perth.

Potash West is focused on driving Dandaragan to feasibility and production.

Some money will also go towards exploration and development of pending acquisitions and working capital.

Potash West said the placement of more than 7.3 million shares priced at A$0.225 each exceeded broker Stellar Securities’ initial commitments and was an excellent result in current financial market conditions.

The placement was made to existing shareholders and institutional clients of Stellar.

 

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Wed, 20 Jun 2012 15:10:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161140/potash-west-raises-a165m-to-progress-dandaragan-glauconite-project-30356.html
<![CDATA[News - Potash West raising $1.5 million to support Dandaragan glauconite project progress ]]> http://www.proactiveinvestors.com.au/companies/news/161139/potash-west-raising-15-million-to-support-dandaragan-glauconite-project-progress-29076.html Potash West (ASX: PWN) is well funded to progress the company’s Dandaragan Trough Glauconite Project in Western Australia following a private placement that raised A$1.5 million.

Funds from the placement will be used to secure patents and other protections for the processes that are being developed as part of the studies into process development at Dandaragan.

The Dandaragan project is a world class glauconite project which hosts large deposits in the Dandaragan Trough, less than 60 kilometres from Perth.

Potash West is focused on driving Dandaragan to feasibility and production.

Some money will also go towards exploration and development of pending acquisitions and working capital.

Potash West has received firm commitments for the placement of 6.6 million shares at A$0.225 each from existing shareholders and sophisticated investor clients of placement manager Stellar Securities.



Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Mon, 21 May 2012 11:20:00 +1000 http://www.proactiveinvestors.com.au/companies/news/161139/potash-west-raising-15-million-to-support-dandaragan-glauconite-project-progress-29076.html