Potash West (ASX:PWN) announced the results of a Scoping Study completed on its wholly owned Dandaragan Trough Project in Western Australia. The Study confirms the technical and financial viability for the proposed development of a potash production facility, average revenues per year of A$365 million and an NPV of A$808 million.

As quoted in the press release:

Highlights:

  • Study confirms the technical & financial viability for the proposed development of a potash production facility based at the Dandaragan Trough Project
  • Demonstrates that glauconite resources at Dinner Hill can support a 2.4 M tpa operation over a +60 year operational life
  • Confirms the ability to produce Sulphate of Potash and other valuable products through a proprietary processing method
  • Average Revenues per year of A$365 million
  • Estimated average annual cash costs of A$137 million
  • IRR of 21%
  • NPV of A$808 million
  • Progressing towards a Definitive Feasibility Study

The Scoping Study (+/- 35% accuracy) demonstrates the robust nature of  Potash West’s proprietary K-Max processing process and provides Potash West with the confidence to move forward towards a Definitive Feasibility Study (DFS).

Click here to read the Potash West (ASX:PWN) press release
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