Danakali Limited’s (ASX:DNK) December 2015 quarterly report demonstrates continued positive progress on the Colluli potash project in Eritrea, East Africa.
The company completed a positive Definitive Feasibility Study (DFS) throughout the quarter, and delivered a robust project with industry leading capital intensity, bottom quartile operating costs and one of the most fundable sulphate of potash (SOP) projects in the world.
The management team have developed a strong track record of success, delivering a positive Pre-Feasibility Study, a metallurgical optimisation testwork program, an independent technical review of the Pre-Feasibility Study design and a definitive feasibility study, all within the 2015 calendar year.
The DFS capital costs achieved a 30% improvement on the prefeasibility study results, by simplifying the logistics, reducing water consumption and optimising pit designs. Continue reading Colluli Potash Eritrea – World’s Most Fundable, High Quality SOP Project