DANAKALI LIMITED Danakali Limited (ASX:DNK) advises that Mr Chris Els has resigned as Company Secretary effective today to pursue other interests. The Board would like to thank Mr Els for his service to the Company and wish him well for the future.
Ms Melissa Chapman and Ms Catherine Grant-Edwards have been appointed as joint-company secretaries effective today.
For more information, please contact:Paul Donaldson Managing Director
+61 8 6315 1444
About Danakali Ltd
Danakali is an ASX listed company and 50% owner of the Colluli Potash Project in Eritrea, East Africa. The company is currently developing the Colluli Project in partnership with the Eritrean National Mining Corporation (ENAMCO).
The project is located in the Danakil Depression region of Eritrea, and is ~75km from the Red Sea coast, making it one of the most accessible potash deposits globally. Mineralisation within the Colluli resource commences at just 16m, making it the world's shallowest potash deposit. The resource is amenable to open pit mining, which allows higher overall resource recovery to be achieved, is generally safer than underground mining and is highly advantageous for modular growth.
The company has completed a definitive feasibility study for the production of potassium sulphate, otherwise known as SOP. SOP is a chloride free, specialty fertiliser which carries a substantial price premium relative to the more common potash type; potassium chloride. Economic resources for production of SOP are geologically scarce. The unique composition of the Colluli resource favours low energy input, high potassium yield conversion to SOP using commercially proven technology. One of the key advantages of the resource is that the salts are present in solid form (in contrast with production of SOP from brines) with which reduces infrastructure costs and substantially reduces the time required to achieve full production capacity.
The resource is favourably positioned to supply the world's fastest growing markets.
Our vision is to bring the Colluli project into production using the principles of risk management, resource utilisation and modularity, using the starting module as a growth platform to develop the resource to its full potential.
Danakali Limited, Level 1, 234 Churchill Avenue, Churchill Court, Subiaco, Perth, WA 6008 Page 1 of 1 ABN 56 097 904 302
Tel: +61 8 6315 1444
Danakali Ltd. published this content on 07 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 July 2017 01:55:05 UTC.
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