THE DRILL SERGEANT: Parkway Minerals (ASX: PWN) has eyeballed new Exploration Targets in the company’s Dandaragan Trough fertiliser project in the Midwest wheat belt region of Western Australia.
Parkway Minerals’ project covers an area of 1,050 square kilometres north of Perth where the company has development underway that is focused on the Dinner Hill deposit in the north western corner of the project.
Parkway has already established JORC 2012 resources for both phosphate and potash mineralisation.
The company also has an extensive tenement holding in the Dandaragan Trough covering prospective greensand sequences.
Wide-spaced exploration drilling by the company and other explorers has defined potash and phosphate mineralisation, which has allowed exploration targets for both potash and phosphate to be estimated on four prospects within the southern portion of the project area.
“These additional Exploration Targets reinforces our belief that the Dandaragan Trough has the potential to be a multi-decade supplier of phosphate and potash fertilisers to the regional agricultural sector, which is currently dependent on imports to meet the growing demand,” Parkway Minerals managing director Patrick McManus said in the company’s announcement to the Australian Securities Exchange.