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Australian Potash Ltd reels in $10 million to support pre-development activities at Lake Wells SOP Project
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Australian Potash Ltd granted trading halt with capital raising announcement pending
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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.
Australian Potash Ltd receives strong endorsement as Mark Creasy s Yandal lifts stake
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