Australian Potash Ltd (ASX:APC) is shifting gears and turning its focus to critical minerals upside as it weighs next steps for its Lake Wells Sulphate of.
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.
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