Australian Potash now at financing stage

NEW Australian Potash CFO Scott Nicholas and his MD Matt Shackelton are “rapidly” progressing financing and offtake discussions after a bankable feasibility study for the 150,000 tonne per annum Lake Wells potash project showed A$208 million of capital would be needed for development.

Australian Potash now at financing stage Australian Potash now at financing stage Australian Potash now at financing stage Australian Potash now at financing stage Australian Potash now at financing stage

Funding now needed for full scale development of Lake Wells, WA

Other numbers now in the hands of the two execs include annual pre-tax cashflows of $100 million, a pre-tax net present value of $665 million, and an internal rate of return of 25%.

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