PWN Option Expiry
Released
Released
Announcement PDF
ASX Announcement
9 September 2016
_____________________________________________________________________________________
COMPANY DETAILS
POTASH WEST NL
OPTION EXPIRY
ABN: 62 147 346 334
PRINCIPAL AND
REGISTERED OFFICE
Potash West NL
Level 1
675 Murray Street
West Perth WA 6005
POSTAL ADDRESS
PO Box 1088
West Perth WA 6872
W www.potashwest.com.au
E info@potashwest.com.au
P +61 8 9479 5386
F +61 8 9475 0847
ASX CODE
PWN
FRANKFURT CODE
A1JH27
OTC PINK
PWNNY
CORPORATE
INFORMATION
(9 September 2016)
346M Ordinary fully paid shares
36M Ordinary partly paid shares
18M Listed Options
5.5M 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)
Potash West NL (‘Potash West’ or ‘the Company’) advises 100,000 unquoted
options exercisable at $0.40 and 100,000 unquoted options exercisable at $0.60
have expired unexercised.
For further details please contact:
Potash West NL:
Patrick McManus
Managing Director
Phone: +61 8 9479 5386
Mob:+61 408 956 798
Email:patrick.mcmanus@potashwest.com.au
Web: www.potashwest.com.au
About Potash West
Potash West (ASX:PWN) is an exploration company focused on developing large
greensand deposits in West Australia’s Perth Basin. The Company has already
defined a substantial resource base and is now investigating how best to recover
phosphate, potash and other minerals from the Dandaragan Trough Project
(“DTP”). The project is well situated in relation to infrastructure, with close
access to rail, power and gas. 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 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 2,600km2. Previous exploration indicates glauconite sediments are
widespread for more than 150km along strike and 30km in width. Current JORC
compliant Indicated Mineral Resources stand at 250Mt at 2.9% P2O5 of
phosphate mineralisation and 175Mt at 4.2% K2O, amenable to processing by
the K-Max process (ASX release:3 June 2015). A pre-feasibility study is in progress
for stage 1, which is focused on production of phosphate fertilisers. The
Company also has 55% of 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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