Australian Potash Secures Second Offtake MOU

Australian Potash (ASX: APC) is pleased to advise of the signing of a second non-binding Memorandum of Understanding (MOU) for the supply of SOP (Sulphate of Potash) with Hubei Agricultural Means of Production Group (Hubei-Agri) for sales of up to 100ktpa of SOP.
In the medium term, APC firmly believes the Australian market has significant growth potential as the awareness of the commercial value of a domestic supply of SOP product is increased and a reliable domestic supply source is established.
Hubei-Agri is one of the largest provincial fertiliser distributors and importers in China.
APC Executive Chairman Matt Shackleton commented:

 “Through the network that APC is beginning to develop within the mainland China potash industry, we have again been successful in executing an MOU with Hubei-Agri around supply of Lake Wells SOP. We look forward to working with Hubei-Agri into the near future.
We have also begun expanding our network in China to consider areas such as equipment design and procurement. We will shortly commence our feasibility program and are aiming to optimise capital expenditure estimates through a close engagement with potential suppliers. We look forward to developing our relationships across the industry as our project develops.”

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