Potash

Company News

Danakali Ltd. (ASX:DNK) announced that it has produced high purity, chloride free SOP- M from the Colluli Potash Project. Colluli is 100% owned by the Colluli Mining Share Company, which is a 50:50 joint venture between Danakali and the Eritrean National Mining Company.

Danakali Ltd. (ASX:DNK) announced that it has produced high purity, chloride free SOP- M from the Colluli Potash Project. Colluli is 100% owned by the Colluli Mining Share Company, which is a 50:50 joint venture between Danakali and the Eritrean National Mining Company.
As quoted in the press release:

Highlights

  • High grade, chloride free sulphate of potash magnesia (“SOP-M”) generated from Colluli potassium salts
  • SOP-M has limited supply and carries a price premium over the more common potash, potassium chloride (MOP)
  • The premium SOP-M product is expected to further improve the highly favourable economics demonstrated in the recently announced Colluli DFS
  • SOP-M is a multi-nutrient fertiliser containing potassium, sulphur and magnesium, and is used mainly for high value crops where all three nutrients are required
  • SOP-M product affirms Colluli’s true multi agribusiness potential
  • Scoping study initiated on SOP-M production from the second SOP module in the phased development

Samples were generated and analysed at the Saskatchewan Research Council (“SRC”) using salts from the Colluli resource, and have been prepared in standard, granular and soluble form. Compaction of the SOP-M product took place at Ludman Industries in the United States.
SOP-M has limited production centres globally and sells at a price premium to the more common potash type, potassium chloride (muriate of potash “MOP”). SOP-M contains potassium, sulphur, and magnesium, all of which play a key role in plant nutrition, and represents the second premium potash types from the Colluli resource.

Danakali Managing Director, Paul Donaldson, stated:

We are very excited by the SOP-M product and its market potential. This high quality multi-nutrient potash type is ideal for chloride intolerant crops in magnesium deficient soils, which predominantly occur in Africa, India, South America and China. Three of these jurisdictions are proximate to Colluli, which is situated at the epicentre of population growth. The product also represents the diversification potential of Colluli which will transform into a multi agri-commodity business over time. Scoping work to integrate a SOP-M circuit in phase II of the Colluli development will commence shortly. We have commenced the process of engaging potential end users for the product

Connect with Danakali Ltd. (ASX:DNK) to receive an Investor Presentation.

Featured

MARKETS

Markets
TSX21058.18-146.98
TSXV890.35-10.52
DOW34715.39-313.26
S&P 5004482.73-50.03
NASD14154.02-186.23
ASX7332.50-76.30

COMMODITIES

Commodities
Gold1839.41+1.00
Silver24.47+0.39
Copper4.53+0.06
Palladium2062.30+81.80
Platinum1043.22+26.23
Oil86.29-0.67
Heating Oil2.60-0.04
Natural Gas3.84-0.19

DOWNLOAD FREE REPORTS

×