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ASX:APC

Australian Potash Ltd

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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.

(click here for more information on this project)


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.

(click here for more information on this project)


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).

(click here for more information on this project)

 


Last updated 10th June 2020

Jim Walker
Non-Executive Chairman

Mr Walker is currently Chairman of Diggers and Dealers Mining Forum.

In addition to his role at Diggers and Dealers, Mr Walker is Chairman at Austin Engineering Ltd (ASX: ANG), Mader Group, Wesley College, WA Motor Museum, State Training Board and Deputy Chairman of RACWA Holdings Pty Ltd.

Previously, Mr Walker was a director of Seven Group Holdings Ltd and CEO of WesTrac, and a past National President of the Australian Institute of Management.


Matt Shackleton
Managing Director & Chief Executive Officer

Mr Shackleton joined the board of Australian Potash Limited as Executive Chairman in July 2014. In 2018, in reflection of the changing nature and status of the Lake Wells SOP Project, Matt assumed the roles of Managing Director and CEO on the appointment of Mr Jim Walker as non-executive Chairman.

Matt is an experienced director with over 20 years in senior corporate positions both in Australian and the UK. Previously the Managing Director of ASX listed Western Australian gold developer Mount Magnet South NL, Matt was the founding director of ASX listed and West African gold and bauxite explorer Canyon Resources Limited. He has also held senior roles with Bannerman Resources Limited, a uranium developer, Skywest Airlines, iiNet Limited and DRCM Global Investors in London.

Matt holds a B.Comm. (Economics & Accounting) from Murdoch University in Western Australia, an MBA from The University of Western Australia, and is a Fellow of the Institute of Chartered Accountants, Australia & New Zealand, and a member of the Australian Institute of Company Directors.


Rhett Brans
Non-Executive Director

Mr Brans is an experienced director and civil engineer with over 45 years experience in project developments. He is currently a Non-executive Director of AVZ Minerals Limited and Carnavale Resources Ltd. Previously, Mr Brans was a founding director of Perseus Mining Limited and served on the boards of Tiger Resources Limited and has been a Non-executive Director of Syrah Resources, RMG Limited and Monument Mining Limited.

Throughout his career, Mr Brans has been involved in the management of feasibility studies and the design and construction of mineral treatment plants across a range of commodities and geographies. Importantly, he has extensive experience as an owner’s representative for numerous successful mine feasibility studies and project developments. Mr Brans experience in guiding optimisation of treatment plant designs resulting in material financial improvements for projects has the potential to add significant value for APC at Lake Wells.

Mr Brans holds a Dip.Engineering (Civil), and is a member of the Institution of Engineers.


Brett Lambert
Non-Executive Director

Mr Lambert is a mining engineer and experienced company director in the Australian and international mineral resources industry. Over a career spanning 35 years, Mr Lambert has held senior management roles with Western Mining Corporation, Herald Resources, Western Metals, Padaeng Industry, Intrepid Mines, Thundelarra Exploration and Bullabulling Gold. He has successfully managed a number of green-fields resource projects through feasibility study and development and has been involved in numerous facets of financing resource project development.

Mr Lambert has experience as a director of companies listed on the Australian Securities Exchange, AIM and the Toronto Stock Exchange and holds a B.App.Sc. (Mining Engineering) degree from Curtin University in Western Australia and is a Member of the Australian Institute of Mining and Metallurgy.

Mr Lambert is currently a Non-executive Director of Mincor Resources NL.


Sophie Raven
Company Secretary

Ms Raven is a corporate lawyer and company secretary, with extensive experience both in Australia and internationally, including as a corporate lawyer in Santiago, Chile advising Australian and Canadian resources and drilling companies.

Over the past 8 years, Ms Raven has held positions as Company Secretary with Golden West Resources Limited, Sunbird Energy Limited, Citation Resources Ltd, Whitebark Energy Ltd, Salt Lake Potash Limited, Cradle Resources Limited, Austin Engineering Limited and RFC Ambrian Limited.

Ms Raven holds a Bachelor of Laws from the University of Western Australia, and is a member of the Australian Institute of Company Directors.  Ms Raven is a board member of Parkerville Children and Youth Care (Inc) and The Place of Keeping Limited, both not-for-profit organisations.


Last updated 10th June 2020

Australian Potash Limited

Suite 31, 22 Railway Road
Subiaco WA 6008

PO Box 180
Subiaco WA 6904

Tel: +61 8 9322 1003
Twitter: @OzPotash

Registered Office Address

Suite 31, Railway Road
Subiaco WA 6008
Tel: +61 8 9322 1003


Business Address

Suite 31, Railway Road
Subiaco WA 6008
Tel: +61 8 9322 1003
Phone: +61 (0) 438 319 841


Postal Address

PO Box 180
Subiaco WA 6904

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

Directors

Jim Walker - Non-Executive Chairman

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

Brett Lambert- Non-Executive Director
Rhett Brans - 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 10th June 2020