FINANCE VIDEO: Australian Potash Ltd - Drilling to Commence Shortly at Yamarna Gold Project as Lake Wells Continues to Take Shape
![FINANCE VIDEO: Australian Potash Ltd - Drilling to Commence Shortly at Yamarna Gold Project as Lake Wells Continues to Take Shape](https://www.goldseiten.de/media/goldseiten-news.jpg)
We interviewed managing director Matt Shackleton to discuss the planned drilling in greater detail, as well as ongoing work at APS's flagship Lake Wells sulphate of potash (SOP) project. Click on the icon below to watch the interview.
Analyst comment: APC has been quietly going about its business as it continues to advance the Lake Wells SOP project towards a definitive feasibility study by the middle of this year.
In the most recent development, the EPA has advised it will assess Lake Wells as an 'Environmental Review (No Public Comment)', the second least stringent level of assessment. Hopefully, this will ensure a clear permitting pathway and allow the project to remain on track.
APC also plans to produce a maiden SOP product in the coming months - a critical step in the project's long-term development, as that product will be provided to potential offtake partners, including two existing Chinese off-take MoU groups.
In addition to Lake Wells, APC will, as noted above, commence drilling at its Yamara gold project shortly. Given that project's proximity to the 6 Moz Gruyere project, the programme has attracted strong investor interest, despite our view that little has been ascribed to this asset in APC's current share price. As highlighted in our interview, management clearly thinks the same way, as the company is currently considering options that will crystallise value for shareholders.
Valuation: we maintain our valuation of APC at $0.37/share (share price $0.10) and emphasise that it includes no consideration for the gold asset.
To view the video, please visit:
http://www.abnnewswire.net/press/en/92018/APC
About Australian Potash Ltd:
Australian Potash Ltd. (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.
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Source: Australian Potash Ltd. / The Sophisticated Investor
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