Potash West

Why Invest in Potash West?

Potash West NL controls over 2,000 km2 of glauconite-bearing greensands between Gingin and Eneabba in Western Australia.
Glauconite contains, on average, 6% K
2O, an essential ingredient of potash fertilisers. In 2008, Australia imported 400,000 t of potash fertiliser, valued at more than AU$225 million.

In 2007-08, prices for potash in the form of KCI, rose sharply from historical levels of US$150/t to almost US$1000/t. KCl spot contract sales are currently between US$300 and US$400/t.

Testwork dating back almost a decade demonstrated potassium recoveries of more than 50% from glauconite, and recent advances in mineral extraction technology provide the key to improvements in the efficiency of potassium recovery.

Potash West NL controls much of the prospective ground within one of the largest glauconite deposits in the world. Global fertiliser demand, a change of price structure and a positive pricing outlook all provide a compelling case for re-evaluating and, if viable, commercialising these deposits.

Potash West NL believes there are compelling reasons for the development of this project, including:
  • the Company’s large, nearsurface greensand deposit, which is favourably located;
  • the local market for fertiliser, which is large and importdependent;
  • sighter testwork that shows potassium can be recovered from greensand;
  • the proposed application of recent advances in metallurgy, including finegrind technologies, aimed at extracting potassium to produce commercial-grade potash, and
  • the projected escalation in the potash price.
Highly experiences management and technical team.