Investor Presentation - Lake Wells Potash Project
Perth, May 24, 2016 AEST (ABN Newswire) - Goldphyre Resources Ltd (
ASX:GPH) are pleased to provide the Company's latest Investor Presentation, May 2016.
UNIQUE INVESTMENT PROPOSITION
Australian Potash for Australian Farmers
- WA brine hosted Sulphate of Potash (SOP) project
- Aiming to feed the domestic demand for SOP which is currently 100% imported
- Superior mining jurisdiction in the eastern goldfields of WA
- Simple, tried and tested brine extraction method used all over Australia
- Excellent infrastructure already in place
- Emphasis on achieving strong economic returns rather than focusing on big resources and big production profiles
- Ground floor investment opportunity with GPH capitalised at only $14m
- Project primed for maiden JORC Resource Q2 2016
To view the presentation, please visit:
http://www.abnnewswire.net/lnk/10BKRE9Q
About Australian Potash Ltd
Australian Potash Limited (ASX:APC) is an ASX-listed Sulphate of Potash (SOP) developer. The Company holds a 100% interest in the Lake Wells Potash Project located approximately 500kms northeast of Kalgoorlie, in Western Australia's Eastern Goldfields.
Following the release of a Scoping Study in 2017, APC has been conducting a Definitive Feasibility Study (DFS) into the development of the Lake Wells Potash Project. The Company is aiming to release the findings of the DFS in H2 2019.
The Lake Wells Potash Project is a palaeochannel brine hosted sulphate of potash project. Palaeochannel bore fields supply large volumes of brine to many existing mining operations throughout Western Australia, and this technique is a well understood and proven method for extracting brine. APC will use this technically low-risk and commonly used brine extraction model to further develop a bore-field into the palaeochannel hosting the Lake Wells SOP resource.
A Scoping Study on the Lake Wells Potash Project was completed and released on 23 March 2017. The Scoping Study exceeded expectations and confirmed that the Project's economic and technical aspects are all exceptionally strong, and highlights APC's potential to become a significant long-life, low capital and high margin sulphate of potash (SOP) producer.
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