Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to provide shareholders with a summary of the findings of the Definitive Feasibility Study (DFS) on the development of its 100% owned Lake Wells Sulphate of Potash Project (LSOP). Highlights - Compelling economics: o Pre-tax NPV8 of A$665M o Annual pre-tax free cash flows of A$100M and Life of Mine (LOM) pre-tax free cash flows of A$3.1Billion o Pre-tax Internal Rate of Return (IRR) of 25% on...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to advise the appointment of Mr Scott Nicholas to the position of Chief Financial Officer. Mr Nicholas brings significant experience to the Company across a broad range of financial disciplines in the resources sector, including large scale debt and equity project financings, construction and operations contract negotiations, asset acquisitions, and the negotiation and execution of offtake...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to advise that Managing Director & CEO Matt Shackleton has provided a management update video, which can be found on the Company's website. To view the video, please visit: http://www.abnnewswire.net/lnk/GC45C352 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...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to provide shareholders with its Quarterly Activities Report for the period ended 31 March 2019. Highlights: Lake Wells Sulphate of Potash (SOP) Project (LWPP) - 100% Owned, Western Australia - 53% K2O field evaporated trade samples of SOP produced - Commencement of final field programs of work for Definitive Feasibility Study (DFS) - SOP for WA Farmers research collaboration project announced...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to advise on the progress of the pond constructability program of work in the Definitive Feasibility Study (DFS) of the Lake Wells Sulphate of Potash Project (Project). The program will complete in June 2019. The Company also provides an update on the status of several DFS work streams. Highlights: - Evaporation pond construction program commenced at Lake Wells to assess optimum commercial scale...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to advise that the Joint Ore Reserves Committee (JORC) has formally adopted the Brine Guideline developed by an AMEC lead sub-committee of hydrogeologists. The Guideline is intended to describe the unique technical considerations that are required to report brine mineralisation, Resources and Reserves in relation to the JORC Code (2012). The Guideline requires among other things, consideration...
Perth, Australia (ABN Newswire) - Australian Potash Ltd (ASX:APC) announces the Company kicks off Western Australian SOP trial. An Australian first, two-year controlled environmental study and broadacre field trials, will commence in this growing season, analysing the benefits of WA produced sulphate of potash fertiliser. The Australian Potash Limited, Sulphate of Potash for WA Farmers (SOPWA) project will compare commonly used muriate of potash (MOP) with sulphate of potash (SOP) and...
Perth, Australia (ABN Newswire) - Your directors are pleased to present their report on the consolidated entity consisting of Australian Potash Limited (ASX:APC) and the entities it controlled at the end of, or during, the half-year ended 31 December 2018. LAKE WELLS POTASH PROJECT Australian Potash Limited (ASX:APC) is an ASX-listed Sulphate of Potash ('SOP') explorer and developer. APC holds a 100% interest in the Lake Wells Potash Project located approximately 500km northeast of Kalgoorlie,...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) advises that the pro-rata renounceable rights issue (Offer) made to shareholders of the Company, named on its register of members as at 5:00pm WST on 19 February 2019, under the Entitlement Issue Prospectus dated 13 February 2019 (Prospectus) closed on 8 March 2019. The Offer was partially underwritten by Patersons Securities Limited to $4.2 million, who have also acted as Lead Manager. The Company gives...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) advises that it has extended the Closing Date for the current renounceable rights issue (Rights Issue). Rights Issue As announced on 11 February 2019, the Company is undertaking a pro rata renounceable rights (or entitlements) issue to eligible shareholders to raise up to $5,229,824 (before the costs of the offer), comprising an offer on the basis of three (3) rights shares (Rights Shares) for every...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to advise that Managing Director & CEO Matt Shackleton has provided a management update video, which can be found on the Company's website at Management Update. 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...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to advise the commencement of the final field programs of work in the Definitive Feasibility Study (DFS) of the Lake Wells Sulphate of Potash Project (Project). Highlights: - Resource finalisation o Up to 3 further production wells to be developed to depths of between 140m and 170m o 3 monitoring bores per production well to be drilled to plot aquifer response during pump-testing o Long term...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) advises that the Entitlement Issue Prospectus in respect of the Company's renounceable pro-rata rights issue, as released to ASX on 13 February 2019, and an Entitlement and Acceptance Form have been dispatched to shareholders with a registered address in Australia, New Zealand, Singapore or Hong Kong who were recorded as holding APC shares as at 4:00pm (WST) on 19 February 2019, being the record date for...
Perth, Australia (ABN Newswire) - Australian Potash Ltd (ASX:APC) provides the Company's latest presentation at RIU Explorers Conference. Investment Highlights Premium fertiliser product - Sulphate of Potash (SOP or K2SO4) is the premium potassium fertiliser - Potash provides potassium, an essential, non-substitutable fertiliser essential for ALL plant growth Compelling macro-economics - Structural changes occurring in China through environmental clean-up - 25% - 35% reduction in supply chain...
Perth, Australia (ABN Newswire) - As announced on 11 February 2019, Australian Potash Ltd (ASX:APC) (ACN 149 390 394) (APC or the Company) is undertaking a 14 for 3 pro-rata renounceable rights issue (Rights Issue or Offer) of approximately 65,372,802 fully paid ordinary shares (New Shares) to raise approximately $5,229,824. The price of New Shares under the Offer is 8 cents per New Share (Issue Price). The Company will also issue 1 free attaching option (New Option) for every 4 New Shares...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to announce that the Company has agreed to undertake a renounceable rights issue (Rights Issue) to raise up to approximately $5,229,824 before costs. Rights Issue The Company intends to undertake a pro rata renounceable rights (or entitlements) issue to eligible shareholders to raise up to $5,229,824 (before the costs of the offer), comprising an offer on the basis of three (3) rights shares...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to provide shareholders with its Quarterly Activities Report for the period ended 31 December 2018. Highlights: Lake Wells Sulphate of Potash (SOP) Project (LWPP) - 100% Owned, Western Australia - 11 tonnes of potassium-rich salts harvested from Harvest Pond 1 - 13 tonnes of potassium-rich salts crystallised in Harvest Pond 2 - 3 tonnes of potassium-rich feeder salts delivered to Canning Vale...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to announce that it has produced Australia's first field evaporated Sulphate of Potash at its pilot processing facility in Canning Vale. Highlights: - Sulphate of potash with a purity of 98% produced from pilot plant - 65 kilograms of SOP produced in first production run - Target volume of 250 kilograms from first batch of field evaporated salts on track - Lake Wells Potash Project (LWPP)...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to announce that its pilot processing facility in Canning Vale has recieved 3 tonnes of the final potassium rich harvest salts from the Lake Wells pilot evaporation program. Highlights: - 3 tonnes of potassium rich feeder salts delivered to Canning Vale pilot processing plant for production of SOP trade samples through January 2019 - SOP trade sample verification work planned for Q1 2019, after...
Perth, Australia (ABN Newswire) - Australian Potash Limited (ASX:APC) (APC or the Company) is pleased to announce that, following the release of a media statement yesterday by the Hon Bill Johnston MLA, Minister for Mines and Petroleum, the Western Australian Government has confirmed its commitment to assisting the development of the potash and minerals in brine industry in Western Australia. The Government's media statement can be accessed in full by clicking on the following link:...