Potash

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Danakali Ltd. (ASX:DNK) reported that it has extended its annual exploration license for the Colluli Potash Project in Eritrea, Africa.

Danakali Ltd. (ASX:DNK) reported that it has extended its annual exploration license for the Colluli Potash Project in Eritrea, Africa.
As quoted in the press release:

Danakali Limited (ASX: DNK) is pleased to advise on behalf of the Colluli Mining Share Company (CMSC)
that it has completed its annual exploration license extension for the Colluli Potash Project. The CMSC is a 50:50 Joint Venture between Danakali Limited and the Eritrean National Mining Company (ENAMCO).

Danakali Managing Director, Paul Donaldson, said:

“This process is an annual review following the initial term. The Eritrean Ministry of Energy and Mines and ENAMCO are kept well informed of the project status, the work that has been undertaken throughout the year and the projected work in the upcoming period, all of which is taken into consideration in assessing the renewal. The feedback on the project development over the past 12 months has been very positive.”

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