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Australian Potash outlines timetable for busy months ahead

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A DFS delivered in August 2019 forecasts a 30-year premium sulphate of potash (SOP) mining operation.

Australian Potash Ltd - Australian Potash outlines timetable for busy months ahead

Quick facts: Australian Potash Ltd

Price: 0.075 AUD

ASX:APC
Market: ASX
Market Cap: $26.82 m
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Australian Potash Ltd (ASX:APC) continues with the expedited development of its 100% owned Lake Wells Sulphate of Potash Project in Western Australia.

In a presentation at the company’s annual general meeting (AGM) this week, the project schedule revealed a busy period ahead.

The nearest milestone to be complete is the finalising of a binding offtake agreement, scheduled to be completed by the end of February 2020.

During this time, FEED work, various approval processes, and financing processes will continue to advance.

$3.1 billion of pre-tax free cash flow

The definitive feasibility study (DFS) released in August 2019 envisions a 30-year operation producing 4.5 million tonnes of premium high-grade sulphate of potash (SOP) and generating $3.1 billion in pre-tax free cash flow.

The mining method used is a brine bore-field abstraction model, which means the brine containing the SOP will be sourced from aquifers by 70 bores across the salt lake.

The operation will cost $208 million to build (capex) and have a pre-tax net present value (NPV) of $665 million.

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Australian Potash announces DFS findings for Lake Wells Sulphate of Potash...

Australian Potash Limited (ASX:APC) chief executive officer and managing director Matt Shackleton updates Proactive Investors on the findings of a DFS for the development of its 100%-owned Lake Wells Sulphate of Potash Project in WA. “Our premium high-grade Sulphate of Potash project will be...

on 28/8/19

2 min read