The Conversation (0)
Potash West NL (TSX:PWN) released its May 2015 investor presentation, which includes project updates and guidance.
East exploration details:
- PWN 55 percent of a Company with 2 Exploration
- Licences in Central Germany
- Counterparty, private interests
- Close to existing producers
- 450 sq km, extensive previous drilling
- Working with Ercosplan, world renowned
- potash consultants, who have worked in
- this region for many years
Next steps for Eastern exploration:
- Memorandum of Understanding completed to vend into Petratherm (PTR), an ASX listed entity. Which will be recapitalised.
- Capital Raising supported by Taylor Collison (priority entitlement to PWNÂ shareholders)
- Shareholder base are experienced investors in European potash development.
- Accelerate programme in South Harz.
- PWN will hold 26 percent of the Newco, after Capital Raising.
- Transaction completion expected September 2015
Kullstedt and Grafentonna applications:
- Within South Harz region, which has produced 100m tonnes of potash
- Several mines in production up till 1990s, German reunification. Low potash prices caused closures
- 450 sq km of holding
- Extensive drilling
- Close to existing mines
Click here to read the Potash West NL (ASX:PWN) press release
Click here to see the Potash West NL (ASX:PWN) profile.