Sign up Australia
Proactive Investors - Run By Investors For Investors

Potash West confirms potash in maiden drilling over Dandaragan Trough

Potash West confirms potash in maiden drilling over Dandaragan Trough

Recently minted Potash West (ASX: PWN) has already secured early exploration success, confirming potash in maiden drilling in the Dandaragan Trough, where the company controls an extensive 2100 square kilometres of tenements.

Wide intersections of potash mineralisation included; 62 metres at 3.09% K2O from 10 metres.

Higher grades of up to 5.07% K2O were discovered in glauconitic sandstone and shale, from 70 metres to 72 metres.

The maiden exploration drilling program covered seven holes for 534 metres, with Potash West kicking off metallurgical studies immediately to further evaluate the potential of the tenements.

The company's current exploration aim is to test the prospective stratigraphy over wide areas, and to collect samples for the initial phases of metallurgical testwork.

Potash West said the holes were located to provide maximum information over the almost 50 kilometre length of the tenement, and not specifically target interpreted areas of favourable geology.

Patrick McManus, managing director, said “This is a great start to our program to understand the extent of the glauconite mineralisation in the Dandaragan Trough.

"Substantial thicknesses close to the surface bode well for future mining activities.”

The company is exploring the Dandaragan Trough to evaluate the commercial potential of the greensand deposits, which have been examined as a source of potassium several times over a period of nearly 50 years, but not pursued due to low potash prices.

Current prices and technological advances make re-examining the area attractive.


The Potash West IPO

Potash West only hit the ASX boards a couple of weeks ago after a heavily oversubscribed IPO which offered 30 million shares at $0.20 to raise up to $6 million.

Potash West was incorporated to combine the exploration assets of four tenement holders; Image Resources (ASX: IMA), Richmond Resources, Torbinip Resources and Adrian Griffin.

The Potash West deposits are strategically located in the Dandaragan Trough and near the Western Australia potash consuming region of the wheat belt, with established infrastructure including roads, railway, ports, power and a gas pipeline.

Adding to the potential of the IPO, the Dandaragan Trough hosts one of the largest glauconite deposits ever identified.

Glauconite can have potassium extracted from it to produce potash.

 

View full PWN profile View Profile

Parkway Minerals NL Timeline

Related Articles

drill intersection
October 02 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.
Picture of pilot plant
April 05 2018
An impressive pre-feasibility study features a pre-tax valuation of $227 million for start-up capital expenditure of $65 million.
1534333583_Thunderstruck---Bryce-Bradley.jpg
August 15 2018
Thunderstruck has an attractive and diverse portfolio of assets in Fiji

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use