Australian Potash Advances Test Production Bore Program At Lake Wells

- September 20th, 2017

Australian Potash (ASX: APC) (“APC” or “the Company”) is pleased to provide an operational update on the test-production bore program at its flagship Lake Wells Potash project, located 480km north-east of Kalgoorlie in Western Australia. Following the installation of three test-production bores (TPBs) in October last year, the current program has installed two additional TPBs … Continued

Australian Potash (ASX: APC) (“APC” or “the Company”) is pleased to provide an operational update on the test-production bore program at its flagship Lake Wells Potash project, located 480km north-east of Kalgoorlie in Western Australia.
Following the installation of three test-production bores (TPBs) in October last year, the current program has installed two additional TPBs across the high-grade zone hosting the large indicated JORC compliant resource of 12.7Mt of contained SOPi .
A further two TPBs will be developed before the end of the program by October 2017, which will represent completion of 20% of the Stage 1 development borefield at the Lake Wells Potash project.
Australian Potash, Executive Chairman, Matt Shackleton commented:

“The installation of these new bores is another key step in unlocking the value of our flagship Lake Wells Potash project.
Initial results from the new bores installed at sites C and D are very promising, and with several active site programs underway, we look forward to updating our shareholders on further operational progress from our ongoing feasibility study in the near-term.”

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