Danakali Ltd. Releases Shareholder Update

Danakali Ltd. (ASX:DNK), a 50% owner of the world-class Colluli potash project located in the Danakil basin in Eritrea, released a Shareholder Update
Highlights from the press release include:

INVESTMENT HIGHLIGHTS

• Danakali is the premier pre-production potash opportunity on the ASX
• Globally, Colluli is a stand-out potash resource given large size and strategic location
• Colluli will produce premium potash products, maximising returns for investors
• Modular development will minimise upfront capex and optimise shareholder returns
• Colluli will generate significant cash flows once operational
• Predicted bottom quartile cost curve position means Colluli will generate sustainable industry-leading returns in any commodity market cycle
• The Danakil region has unrivalled potential to produce a diversity of fertiliser products and provide valuable strategic options across multiple product markets
• Colluli is located at the epicentre of booming population growth in Africa and Asia, while also lying close to traditional Middle Eastern and European markets

NEAR TERM MILESTONES

• Delivery of JORC compliant rock salt resource (3Q 2015)
• Completion of Definitive Feasibility Study (2H 2015)
• Initiate mining agreement submission (4Q 2015)
• Progress ongoing discussions with project funding providers (CY 2016)
• Commence construction of Colluli module 1 (CY 2016)

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