Parkway Minerals NL (ASX:PWN) managing director Patrick McManus speaks with Proactive Investors about the company's two fertiliser projects in Western Australia, and its proprietary K-Max® potassium extraction process.
Aircore drilling is underway at the large-scale Lake Barlee Potash project. At the more advanced Dandaragan Trough Project, the company's patented K-Max® potassium extraction process is set to add value to the large greensand deposits there, according to scoping studies. Parkway Minerals is looking to take on a partner to develop that project, beginning with the Dinner Hill resource, as it focuses on developing Lake Barlee.
The K-Max® process could potentially be licensed to extract a number of elements from micaceous minerals.
Additionally, Parkway Minerals recently increased its stake in Davenport Resources (ASX:DAV) from 26% to 34%. Davenport Resources through its 100% owned subsidiary, East Exploration Gmbh, is exploring for potash in the highly prospective South Harz region of central Germany. "There's a lot more work to be done on that project, but it's really turning up some very strong positive resources," says McManus.