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Australian Potash Ltd

Australian Potash concludes final field programs as DFS looms

The release of the definitive feasibility study (DFS) on the Lake Wells Potash Project has potential to be a major catalyst for the company.

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APC is well funded with cash holdings of $3.2 million at 30 June 2019

Australian Potash Ltd (ASX:APC) is a step closer to completing its DFS after finishing final field programs at its 100% owned Lake Wells SOP Project in Western Australia.

APC’s managing director and CEO Matt Shackleton said: “A seminal milestone in the Lake Wells development timeline has been achieved with the demobilisation of the last test-pumping crew from site today.

“Final documentation of DFS findings is underway, with CAPEX modelling complete, logistics pathway finalised, and optimal energy solution and associated cost identified.

“I look forward to updating our shareholders in the near-term with the complete findings of the DFS into this high-quality, eastern Goldfields SOP project.”

READ: Australian Potash progresses DFS on Lake Wells Sulphate of Potash Project

The company also noted a JORC resource upgrade and maiden Ore Reserve estimate reflecting over 60,000 metres of drilling data is imminent.

Quick facts: Australian Potash Ltd

Price: $0.11

Market: ASX
Market Cap: $37.55 m
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Australian Potash concludes field programs as DFS nears completion

Australian Potash (ASX:APC) chief executive officer and managing director Matt Shackleton updates Proactive Investors on progress with a definitive feasibility study at the Lake Wells Sulphate of Potash Project. As part of this work field programs have recently been...

3 weeks, 3 days ago

2 min read