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Parkway Minerals estimates new exploration targets for fertiliser project

The targets complement the recently announced revised resource.
map of western australia
Parkway is currently planning a drill program

Parkway Minerals NL (ASX:PWN) has revealed the exploration targets for four advanced prospects within the southern portion of its Dandaragan Trough Fertiliser Project in Western Australia.

The phosphate exploration targets total between 0.6 and 0.75 billion tonnes at an average grade of between 1.5% and 2.5% phosphate.

The potash exploration targets total between 4.5 and 6 billion tonnes at an average grade of between 3.2% and 4% potash.

The Dandaragan Trough Fertiliser Project covers an area of 1,050 square kilometres in the Midwest wheat belt region of Western Australia, some 175 kilometres by road north of Perth.

Parkway’s development is focused on the Dinner Hill Deposit in the north western corner of the project where the company has established JORC 2012 resources for both phosphate and potash.

In addition, the company has an extensive tenement holding in the Dandaragan Trough covering prospective greensand sequences where drilling has defined potash and phosphate mineralisation.

Parkway is currently planning an infill air core drill program over each of the exploration targets with the aim to add sufficient confidence to allow classification under the JORC guidelines.

Once the hole locations are planned, the company will obtain necessary regulatory approvals.

The company has existing land holder access agreements with a number of the landholders affected and will negotiate with them a suitable time to undertake the work.

It is expected the drilling will be completed progressively over the next 18 months subject to cropping cycles.

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