Agrimin encouraged by potential government funding for Mackay

AGRIMIN has reported the potential for national government entity Northern Australian Infrastructure Facility to help in the funding of the A$545 million Mackay sulphate of potash project in Western Australia.

Agrimin encouraged by potential government funding for Mackay Agrimin encouraged by potential government funding for Mackay Agrimin encouraged by potential government funding for Mackay Agrimin encouraged by potential government funding for Mackay Agrimin encouraged by potential government funding for Mackay

According to Agrimin, the NAIF can "provide long-term concessional loans to encourage and complement private sector investment in infrastructure that benefits northern Australia".

Of the $545 million capital cost estimated in prefeasibility work for the planned 426,000t per annum SOP project, "more than $120 million relates to infrastructure to be developed in northern Australia".

Agrimin has claimed Mackay to be the largest and lowest cost SOP project outside of Eritrea and Ethiopia.

There are a handful of ASX companies currently looking to develop SOP projects in WA.

Agrimin is aiming to complete the definitive feasibility study for Mackay in the first half of next year, and secure financing by the third quarter.

The company had $14.4 million...

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