logo-loader
viewAustralian Potash Ltd

Goldphyre Resources Ltd in fundraiser for WA potash

au_wa_map_6__358_56e0b7826963f.jpg

Goldphyre Resources Ltd (ASX:GPH) has been granted a trading halt by the ASX pending details of a capital raising.

The company aims to supply sulphate of potash (SOP) into the domestic market where Australia currently imports 100% of its potassium fertiliser requirements.

An exploration target has been estimated at its Lake Wells Potash Project in Western Australia which provides a basis for its objective of producing 75,000 - 100,000 tonne-a-year sulphate of potash (brine).

Lake Wells has been identified as a high-grade SOP brine salt lake, confirmed both at the salt lake surface and at depth.

The halt will remain in place until the opening of trade on Monday 14th March 2016, or earlier if an announcement is made to the market.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Quick facts: Australian Potash Ltd

Price: 0.089 AUD

ASX:APC
Market: ASX
Market Cap: $31.82 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Australian Potash Ltd named herein, including the promotion by the Company of Australian Potash Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read