- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Danakali Announces September 2016 Quarterly Report
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.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.