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Australian Potash broadens board skillset by adding equity capital markets experience

Following release of a DFS in August 2019 for Lake Wells Sulphate of Potash Project, APC is focused on the FEED study, finalising offtake discussions and securing financing.

Australian Potash Ltd - Australian Potash strengthens board with capital market experience through appointment of Cathy Moises as non-executive director
APC holds a 100% interest in the Lake Wells Sulphate of Potash Project, 500 kilometres northeast of Kalgoorlie

Australian Potash Ltd (ASX:APC)’s board of directors has had its skillset broadened with equity capital markets experience through the appointment of Cathy Moises as a non-executive director.

Moises has extensive knowledge and experience in financial markets and the resources industry having worked as a senior resources analyst, head of research and partner for several major stockbroking firms including McIntosh (now Merrill Lynch), County Securities (now Citigroup), Evans and Partners and Patersons Securities.

Her industry experience and research coverage include gold, base metals, mineral sands and the rare earths sector.

She holds a Bachelor of Science (Honours) with a major in Geology from Melbourne University and a Diploma of Finance and Investment from the Securities Institute of Australia.

Focused on skills diversity

Managing director Matt Shackleton said: “As we close out the FEED program and move into the funding and development phase of the Lake Wells Sulphate of Potash Project, the directors of Australian Potash are focused on an appropriate diversity of skills at the board level.

“We are excited to have Cathy join us at this very important time and look forward to her bringing her equity capital markets background and network to the APC team.”

Developing SOP project

APC holds a 100% interest in the Lake Wells SOP Project (LSOP) about 500 kilometres northeast of Kalgoorlie in Western Australia's Eastern Goldfields.

Following the release of a definitive feasibility study (DFS) in August 2019, APC is focused on the Front-end Engineering Design (FEED) Study, finalising offtake discussions and securing financing to develop the LSOP.

The DFS was underpinned by extensive and rigorous test-work, data, and modelling. It confirmed that the LSOP will be a long-life, low-capital and high-margin SOP producer.

Quick facts: Australian Potash Ltd

Price: 0.155 AUD

ASX:APC
Market: ASX
Market Cap: $75.42 m
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Australian Potash Ltd's (ASX:APC) Matt Shackleton says they're on schedule to make a final investment decision (FID) for the Lake Wells Sulphate of Potash Project (LSOP) in Western Australia in the first quarter of 2021 as work programs progress. The company's making good progress with its...

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