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RR1:AU
Rights Issue and Shortfall
Transit Holdings – Increase in Grade and Tonnage in Potash Exploration Target, USA
Jul. 08, 2011 06:16PM PST
Potash InvestingMineweb reported that Transit Holdings (ASX:TRH) has increased potash estimates for the Paradox Basin project in Utah.
Mineweb reported that Transit Holdings (ASX:TRH) has increased potash estimates for the Paradox Basin project in Utah.
The market news is quoted as saying:
In total, the Exploration Target for the Company’s flagship US potash asset has been upgraded from 2.5 to 3.8 billion tonnes of sylvinite ore at an average grade of 19% to 29% KCl to 3.4 to 5.2 billion tonnes of sylvinite ore at an average grade of 23% to 34% KCl.
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