Allana Potash Files Completed Feasibility Study for Danakhil, Moves Towards Mining License

Allana Potash Corp. (TSX:AAA, OTCQX:ALLRF) announced that they have completed and filed the Feasibility Study for the Danakhil project in Ethiopia.

In addition, the Environmental, Social and Health Impact Assessment (ESHIA) report, which forms part of the Mining License application, is in the final approval stages and a decision is expected by the end of April. Exploration drilling has been resumed on the Nova license targeting resource expansion in both the western and southern blocks. Additional pilot solution mining-solar evaporation testwork is ongoing to optimize operating conditions. Infrastructure progress for the project includes initiation of road construction at the new port of Tadjoura as well as civil work at the port.

Allana is extremely pleased to present to the Ministry of Mines of Ethiopia a very positive Feasibility Study of its Danakhil Potash Project, as prepared by ERCOSPLAN. The FS is the final document required to upgrade the Company’s Exploration License to a Mining License and represents a significant milestone for the Company. In addition, the ESHIA evaluation is approaching completion and we are expecting a positive decision from the government by the end of April with respect to the ESHIA. Allana’s FS places this project as one of the lowest CAPEX and OPEX opportunities in the potash sector and granting of the Mining License will be important as the project advances to construction.