Potash West Releases May 2015 Presentation with Project Updates and Guidance

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 PWN 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.