Potash

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Danakali Ltd. (ASX:DNK) has released their quarterly report ending September 30, 2015

Danakali Ltd. (ASX:DNK) has released their quarterly report ending September 30, 2015
As quoted in the press release:

HIGHLIGHTS
COLLULI POTASH PROJECT

  • Definitive Feasibility Study well advanced and on track for Q4 2015 release
  • Completion of the piloting and variability trials confirm robustness of the process plant design
  • Generation of 300 kg of Colluli SOP product in Soluble, Standard and Granular form
  • 347 million tonne rock salt resource estimate announced
  • 60% reduction in process plant water requirements
  • High potassium process water identified on site
  • Large subsurface aquifer identified at the Colluli site – has the potential to completely eliminate the 75km seawater delivery pipeline from Anfile Bay
  • Detailed mine scheduling well advanced
  • Successful completion of compaction trials
  • Colluli Exploration License renewal complete
  • Danakali represented at The Fertiliser Institute (TFI) World Fertiliser Conference in Boston

PLANNED FOR DECEMBER QUARTER

  • Completion of Colluli Definitive Feasibility Study
  • Completion of Social and Environmental Impact Assessments and Management Plans
  • Initiation of Mining Agreement submission
  • Continuation of dialogue with potential customers, progressing towards offtake agreements
  • Continuation of project debt funding dialogue

CORPORATE

  • Cash position of A$5.108M at end September
  • Board & Management continue to grow shareholding
  • New website and project video launched
  • Share registry changed to Computershare

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