Allana Potash Corp Announces Updates on Danakhil, Including Filing of NI 43-101 Technical Report

Allana Potash Corp. (TSX:AAA, OTCQX:ALLRF) announced that they have filed a National Instrument 43-101 report regarding the Danakhil potash project feasibility study.

As quoted in the press release:

The FS Technical Report is based on production of 1 Million tonnes per year of Muriate of Potash via solution mining and generated the following highlights:

• After-tax Net Present Value of US $1.32 billion at a discount rate of 10%, based on potash price of $430/tonne
• After-tax Internal Rate of Return of 33%
• Life of mine approximately 25 years extracting only Sylvinite through solution mining
• Production capital expenditures including mining and processing facilities of US$579 million

To view the whole press release, click here.