Parkway Issued a Further 17.9M Davenport Shares
Released
Released
Announcement PDF
ASX Announcement
4 April 2018
_____________________________________________________________________________________
PARKWAY ISSUED A FURTHER 17.9 MILLION DAVENPORT SHARES
COMPANY DETAILS
ABN: 62 147 346 334
PRINCIPAL AND
REGISTERED OFFICE
Parkway Minerals NL
Level 1, 675 Murray St.
West Perth WA 6005
POSTAL ADDRESS
PO Box 1088
West Perth WA 6872
W www.parkwayminerals.com.au
E info@parkwayminerals.com.au
P +61 8 9479 5386
F +61 8 9475 0847
ASX CODE
PWN
FRANKFURT CODE
A1JH27
CORPORATE
INFORMATION
4 April 2018
534M Ordinary shares
123M Partly paid shares
18M Listed Options
13M Unlisted options
BOARD OF DIRECTORS
Adrian Griffin
(Non-Executive Chairman)
Patrick McManus
(Managing Director)
Chew Wai Chuen
(Non-Executive Director)
Natalia Streltsova
(Non-Executive Director
Highlights:
Ebeleben JORC compliant Inferred Resource includes 324 M tonnes of
Sylvinite at 15.6% K2O declared
Meets milestone 1 trigger
33.8 million milestone 1 Davenport shares convert to ordinary shares
Parkway Minerals Nl (Parkway, or The Company) (ASX PWN) is pleased to update
the market on a significant announcement by Davenport Resources Limited
(Davenport).
On 3 April Davenport announced a JORC-compliant inferred Resource of 577
Million tonnes @ 12.1%K2O within the Ebeleben Mining Licence, part of the South
Harz project area.
Achievement of this resource is the trigger for the conversion of the Milestone 1
Shares, which will result in Parkway receiving a further 17.9 million shares, taking
our total holding to 37.1 million shares, 34.3% of the issued capital.
Parkway MD, Patrick McManus stated “ This achievement demonstrates the ability
of the Davenport team to rapidly, and cost-effectively advance the South Harz
project to an important milstone. 324 M tonne of high grade Silvinite could support
a substantial mine for many decades. More importantly, the grade and tonneage
of Ebeleben demonstrate the capability of the South Harz region to host very large
deposits of Silvinite and Carnallatite”.
For further information contact:
Parkway Minerals NL:
Patrick McManus
Managing Director
Tel: +61 (08) 9479 5386
Email: info@parkwayminerals.com.au
Web: www.parkwayminerals.com.au
Parkway Minerals NL Davenport Announcement
April 2018
About Parkway Minerals
Parkway Minerals (ASX: PWN) is a company focused on developing fertiliser feedstock projects. The Company holds
1,900km2 of exploration licenses and applications over Lake Barlee, where it is exploring a sulphate of potash project
from the brines in the lake, north of Southern Cross in Western Australia.
The Company has a major land holding over one of the world’s largest known glauconite deposits, with exploration
licenses and applications covering an area of over 1,050km2 in the greensand deposits of the Dandaragan Trough, in
Western Australia’s Perth Basin. The area is prospective for both phosphate and potash. A successful commercial
outcome will allow the Company to become a major contributor to the potash and phosphate markets at a time of
heightened regional demand.
The Company owns 19.25M shares (26%) of Davenport Resources, which owns a potash exploration project in the
South Harz region of Thuringia, in Central Germany. The region has been a potash producing area for over 100 years.
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