Danakali Limited and Eritrean National Mining Corporation are pleased to Announce Global Construction

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Key Points

• Global construction and project management consultants, Turner & Townsend appointed to manage post FEED EPC bid scope for Colluli Sulphate of Potash Project

• EPC bidding document preparation underway

• Front end engineering design well advanced

Danakali Ltd. (ASX:DNK; OTC:DNKLY)) and its Joint Venture Partner – the Eritrean National Mining Corporation (“ENAMCO”), are pleased to announce that global construction and project management consultants – Turner & Townsend, have been appointed to the Colluli Sulphate of Potash Project to define the full scope of the EPC bidding requirements as the front-end engineering design process progresses.

With over 4,000 employees spread across 90 offices in 38 countries, Turner & Townsend work predominantly for owner’s teams in major capital project developments around the world and have extensive experience globally and within Africa across the infrastructure and energy and mining sectors. Turner & Townsend also carry potash specific experience from work undertaken in both the UK and Canada. Core competencies include programme strategy and set up, programme management, project management, and procurement, cost and commercial management.

Managing Director, Paul Donaldson commented “We have engaged Turner & Townsend to provide support and advice that will: optimise project set up at the execution stage; facilitate the development of the procurement, construction, commissioning and contracting strategies; and review risk and mitigations through execution of stakeholder engagements”.

Colluli is the shallowest known evaporite deposit in the world with a solid form ore reserve estimate of over 1.1bn tonnes1 . Permitting for the project was completed in February 2017, providing the Colluli Mining Share Company (CMSC) exclusive rights to apply for mining licenses within the Colluli tenements. Seven mining licenses have also been granted.

1. ASX announcement,

May 2015 For more information,

please contact:

Paul Donaldson

Managing Director

+61 8 6315 1444

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