Australian Potash directors demonstrate confidence in potash strategy by acquiring more shares
The company has been buoyed by a strong show of support from prominent Western Australian mining figure Mark Creasy whose investment vehicle Yandal Pty Ltd has exercised 100% of its unlisted options. Yandal Pty Ltd holds a 7.8% in APC and is APC’s largest shareholder.
Australian Potash Ltd (ASX:APC) directors have demonstrated their confidence in the company’s potash strategy by acquiring more shares.
Managing director and CEO Matt Shackleton increased his holding to 8.52 million shares following the purchase of shares worth $45,946.50 in a rights issue and non-executive chairman Jim Walker added shares worth $59,999.94 by participating in a placement.
Australian Potash awards key production bore-field drilling contract for LSOP
“Securing drill rigs in the current climate is an important step towards us achieving our mid-2023 targeted production start date,” says MD & CEO. The contract has been awarded to Pentium Hydro Pty Ltd, a subsidiary of Vysarn Limited.
Australian Potash Ltd (ASX:APC) has awarded the production bore-field drilling contract for the development of Lake Wells Sulphate of Potash Project (LSOP) near Laverton in Western Australia.
This key contract has been awarded to Pentium Hydro Pty Ltd, a wholly-owned subsidiary of Vysarn Limited (ASX:VSY).
APC’s recently completed FEED program into the development of the LSOP identified an optimised bore-field design comprising 79 brine bores.
2021-04-09 by Proactive Australia
Australian Potash Ltd s (ASX:APC) hit a new record high after ongoing work at its 100%-owned Laverton Downs Project (LDP) returned compelling targets with Kambalda-style massive nickel sulphide potential.
A limited program of Versatile Time Domain Electromagnetic (VTEMTM) surveying has returned six well defined conductive plates interpreted to be indicative of massive sulphides.
The geological setting and initial geochemical analysis support the potential for these plates to represent nickel sulphides with three high priority target areas defined and plans for drill testing underway.
Shares have been as much as 56% higher to 25 cents, a new record high for the SOP development company which has a market cap of approximately $88.5 million.