Potash West Executes Mandate With FTI Consulting

Potash West NL (ASX:PWN,OTCPINK:PWNNY) announced that it has entered into an agreement with global business advisory firm, FTI Consulting.
As quoted in the press release:

FTI Consulting will assist the company in attracting a partner to develop the Dinner Hill superphosphate project within the Dandaragan Trough. This project is strategically located only 150km north of Perth, adjacent to one of Australia’s largest fertilizer consumers, the Western Australian Wheatbelt. Existing infrastructure connects the project to readily accessible Asian markets, including the rapidly increasing consumption areas of South East Asia, China and India.
The Dinner Hill project is potentially a low-cost producer. Current Australasian Joint Ore Reserves Committee (JORC) resources cover only a small portion of the exploration target but are already sufficient to support a 60 year mine life.

Potash West Managing Director, Patrick McManus, stated:

Dinner Hill is the flagship project of our Dandaragan Trough province. It contains significant resources of both phosphate and potash (ASX release: 3 June 2015). Scoping studies indicate a robust development plan of:

• Stage 1, production of single superphosphate, using established technology, and
• Stage 2, production of potash, phosphoric acid, and other products, using K-Max technology

(ASX release 30 September 2015). In production, Dinner Hill will be a producer of fertiliser for many decades.
The investor reach of FTI Consulting will market this project in areas that see strong long-term growth in agriculture and the demand for agricultural inputs. We believe that Dinner Hill can reduce the costs of a vital agricultural input to farmers in Western Australia and the region, we are delighted that FTI Consulting is stepping in to work with us on achieving this.

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