Australian Potash Ltd (ASX:APC) announces the Company kicks off Western Australian SOP trial.
Australian Potash Ltd
Australian Potash Limited (ASX:APC) is an ASX-listed Sulphate of Potash (SOP) developer. The Company holds a 100% interest in the Lake Wells Potash Project located approximately 500kms northeast of Kalgoorlie, in Western Australia's Eastern Goldfields.
The Lake Wells Potash Project is a palaeochannel brine hosted sulphate of potash project. Palaeochannel bore fields supply large volumes of brine to many existing mining operations throughout Western Australia, and this technique is a well understood and proven method for extracting brine. APC will use this technically low-risk and commonly used brine extraction model to further develop a bore-field into the palaeochannel hosting the Lake Wells SOP resource.
A Scoping Study on the Lake Wells Potash Project was completed and released on 23 March 2017. The Scoping Study exceeded expectations and confirmed that the Project's economic and technical aspects are all exceptionally strong, and highlights APC's potential to become a significant long-life, low capital and high margin sulphate of potash (SOP) producer.
Your directors are pleased to present their report on the consolidated entity consisting of Australian Potash Limited (ASX:APC) and the entities it controlled at the end of, or during, the half-year ended 31 December 2018.
Australian Potash Limited (ASX:APC) advises that the pro-rata renounceable rights issue made to shareholders of the Company, named on its register of members as at 5:00pm WST on 19 February 2019, under the Entitlement Issue Prospectus dated 13 February 2019 closed on 8 March 2019.
Australian Potash Limited (ASX:APC) advises that it has extended the Closing Date for the current renounceable rights issue.
Australian Potash Limited (ASX:APC) is pleased to advise that Managing Director & CEO Matt Shackleton has provided a management update video, which can be found on the Company's website at Management Update.
Australian Potash Limited (ASX:APC) is pleased to advise the commencement of the final field programs of work in the Definitive Feasibility Study of the Lake Wells Sulphate of Potash Project.
Australian Potash Limited (ASX:APC) advises that the Entitlement Issue Prospectus in respect of the Company's renounceable pro-rata rights issue, as released to ASX on 13 February 2019, and an Entitlement and Acceptance Form have been dispatched to shareholders with a registered address in Australia, New Zealand, Singapore or Hong Kong who were recorded as holding APC shares.
Australian Potash Ltd (ASX:APC) provides the Company's latest presentation at RIU Explorers Conference.
As announced on 11 February 2019, Australian Potash Ltd (ASX:APC) is undertaking a 14 for 3 pro-rata renounceable rights issue of approximately 65,372,802 fully paid ordinary shares to raise approximately $5,229,824.
Australian Potash Limited (ASX:APC) is pleased to announce that the Company has agreed to undertake a renounceable rights issue (Rights Issue) to raise up to approximately $5,229,824 before costs.