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Danakali to lift funds for world-class Colluli

Published: 09:00 15 May 2017 AEST

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Colluli is the shallowest known evaporite deposit in the world

Danakali (ASX:DNK) has been granted a trading halt by the ASX, pending details of a capital raising.

Colluli is the most advanced greenfield and lowest cost sulphate of potash (SOP) development project in the world.

Danakali's 50:50 partner is the Eritrean National Mining Corporation (ENAMCO).

The halt will remain in place until the opening of trade on Wednesday 17th May 2017, or earlier if an announcement will be made to the market.

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