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    Danakali Announces September 2016 Quarterly Report

    Matthew Spizziri
    Oct. 25, 2016 03:06PM PST
    Potash Investing
    Company News

    Danakali Ltd. (ASX:DNK; OTC:DNKLY) is pleased to provide this quarterly update on its Colluli Potash Project (“Colluli” or “the Project”), located in Eritrea, East Africa.

    Danakali Ltd. (ASX:DNK; OTC:DNKLY) is pleased to provide this quarterly update on its Colluli Potash Project (“Colluli” or “the Project”), located in Eritrea, East Africa.
    HIGHLIGHTS
    CONTINUED SUCCESSFUL ADVANCEMENT OF THE WORLD CLASS COLLULI POTASH PROJECT

    • Colluli is the most fundable and economically attractive advanced stage greenfield sulphate of potash development in the world
    • Mining license approvals progressing positively towards completion
    • Successful $6.7m private placement to JP Morgan (UK)
    • 85 million tonne Kieserite resource defined
    • MOU’s signed for 200kt per annum of SOPM
    • Completed final round of post Definitive Feasibility Study (DFS) stakeholder engagements
    • Completed Social and Environmental Impact Assessment (SEIA) engagements
    • Completed Expressions of Interest (EoI) process for engineering, procurement and construction (EPC) contract for Colluli Project
    • Completed successful Colluli site visits by shortlisted EPC companies

    PLANNED FOR DECEMBER QUARTER

    • Continued engagement with relevant ministries on the advancement and award of the mining license
    • Continuation of off-take and financing discussions
    • Advancement of pre-construction activities

    CORPORATE

    • Strong cash position of A$10.6m at quarter end
    • Progressed off-take and project funding discussions
    • Appointment of Head of Marketing

    Read the full report.
    Connect with Danakali Ltd. (ASX:DNK; OTC:DNKLY) to receive an Investor Presentation.

    colluli potash projectdanakali ltdsulphate of potashcolluli potashprivate placementasx dnk
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