Potash West upgrades Dinner Hill targets
THE DRILL SERGEANT: Potash West (ASX: PWN) has upgrade the potash and phosphate exploration targets for the company’s Dinner Hill phosphate and potash deposit, located in the Midwest wheat belt of Western Australia.
The updated exploration target for the Dinner Hill phosphate project is:
550 million tonnes to 800 million tonnes of phosphate mineralisation at a grade of between 2 per cent and 2.8 per cent phosphorous oxide (P2O5).
This represents an increase of approximately 50 per cent in tonneage and per cent in grade.
This partially overlaps the project’s Potash Exploration target of:
1.2 billion tonnes to 1.8 billion tonnes of greensand containing potash mineralisation at a grade of between 3.5 per cent and 4 per cent potassium oxide (K2O).
This is an approximate increase in tonnage of 20 per cent and a decrease in grade of 15 per cent.
In June, Potash West released Resources for the Dinner Hill deposit, which estimated it to contain an Indicated Phosphate Mineral Resource of 250 million tonnes at 2.9 per cent P2O5 with an Indicated and Inferred Potash Resource of 195 million tonnes at 3.8 per cent K2O, including 175 million tonnes of Indicated Resources at 4 per cent K2O in the target Molecap Greensand.
“The increased resource reported to the ASX in early June 2015 will support a very long-lived project producing phosphate fertiliser from the Dandaragan Trough,” Potash West managing director Patrick McManus said in the company’s announcement to the Australian Securities Exchange.
“These Exploration Targets indicate that the resource could increase significantly with further drilling.
“Western Australia and southeast Asia imports the bulk of their phosphate requirements from overseas.
“This is an opportunity to establish a fertiliser project in Western Australia, meeting the needs of local and regional farmers.
“We have commenced feasibility studies to confirm the commercial viability of the phosphate project, planned to produce single superphosphate.”
Email: info@potashwest.com.au
Website: www.potashwest.com.au