Potash

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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

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)

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

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