Australian Potash Gains Mining Leases for Lake Wells Project

Australian Potash (ASX:APC) is pleased to advise that mining leases have been granted at the Lake Wells Sulphate of Potash project. The mining leases cover an area in excess of 30,000 hectares of the Lake Wells playa and underlying palaeochannel system.

As quoted in the press release:

Highlights:

• Major milestone achieved with the grant of Mining Leases required to develop and operate the Lake Wells SOP Project

• Grant of the Mining Leases is a significant achievement in the Approval work stream being finalised through the Definitive Feasibility Study

• Mining Leases cover the development area required for Stage 1 (150,000 tonnes per annum SOP production) and Stage 2 (+150,000 tpa SOP)i

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