Australian Potash Ltd (ASX:APC)

Australian Potash Limited is a minerals exploration company focused on advancing its key project, the Lake Wells Potash Project.

The Lake Wells Potash Project

Overview

The Lake Wells Potash Project (LWPP) is a palaeo-channel brine hosted sulphate of potash project.

A scoping study has been completed covering the Lake Wells Potash Project (LWPP), pointing to a long life and profitable operation. Supported by a JORC 2012 Indicated and Inferred Mineral Resource Estimate of nearly two billion cubic meters of brine capable of producing 14.7 million tonnes of sulphate of potash (SOP), the LWPP is a world class SOP asset.

A definitive feasibility study is underway and scheduled for completion in the first half of 2019, with project development targeted for late 2019.

The LWPP consists of a substantial tenement package securing a significant area of palaeo-valley and salt lake terrain in the northeast part of the Yilgarn Craton, Western Australia. Multiple exploration programs have resulted in the generation of the large JORC compliant mineral resource and recent exploration indicates that the resources are likely to grow.

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Lake Wells Gold Project

Earn-In and Joint Venture with St Barbara Ltd.

In October 2018, the Company announced the terms of an Earn-In and Joint Venture Agreement with St Barbara Limited (ASX: SBM) over the Lake Wells Gold Project (nee Yamarna Gold Project).

Under the terms of the Agreement, St Barbara will spend up to a total of A$5.5m on exploration across the Lake Wells tenure, to earn a 70% interest in the ground. Australian Potash's 30% interest will be free-carried until the conclusion of a bankable feasibility study into the development of any deposit identified by SBM's exploration. APC retains 100% of the potash and associated mineral rights.

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Laverton Downs Project

The Laverton Downs Project is located 15 kilometres north of the Laverton township, and comprises three tenements, E38/2724, E38/3014 and E38/3132. The project area captures the gold prospective Admiral Hill Shear on the east side and the interpreted Lancefield Mine sequence on the west side (Lancefield Gold Mine current resource 596,000 oz gold – Source: www.focusminerals.com.au).

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Last updated 27th February 2019

Australian Potash Limited

31 Ord St
West Perth WA 6005

PO Box 1941
West Perth WA 6872

Tel: +61 8 9322 1003
Twitter: @OzPotash

Registered Office Address

31 Ord Street
West Perth, WA 6005

Tel: +61 8 9322 1003

Business Address

31 Ord Street
West Perth, WA 6005

Tel: +61 8 9322 1003
Phone: +61 (0) 438 319 841

Postal Address

PO Box 1941
West Perth, WA 6872

Web Address: https://australianpotash.com.au/

Directors

Matt Shackleton FCA – Managing Director & Chief Executive Officer
Email: [email protected]
Mobile: +61 (0)438 319 841
Skype: mattshackleton

Jim Walker - Chairman

Brett Lambert, BAppSc (Mining Engineering) MAusIMM - Non-Executive Director

Rhett Brans, MIEAust CPEng MAICD - Non-Executive Director

Company Secretary

Sophie Raven
Email: [email protected]
Mobile: +61 (0)400 007 906
Tel: +61 8 9322 1003

Share Registry

Automic Registry Services
Level 2/267 St Georges Terrace
Perth, WA 6000
Email: [email protected]
Tel: 1300 288 664

Solicitors

Steinepreis Paganin
Level 4, The Read Buildings
16 Milligan Street,
Perth, WA 6000

Gilbert & Tobin
Level 16, Brookfield Place Tower 2
123 St Georges Terrace,
Perth WA 6000

Auditor

Bentley Audit & Corporate (WA) Pty Ltd
Level 3, 216 St Georges Terrace
Perth WA 6000

Last updated 27th February 2019