I remember when APC was Goldphyre Resources Limited and seemingly held good gold prospects. Without checking in detail most of those tenements are still in APC.
For me the short term upside sleeper in APC that is largely forgotten is this:
2 July 2020
AUSTRALIAN POTASH LIMITED
LAKE WELLS GOLD PROJECT
FY21 Planned Exploration Program
Highlights
• The Financial Year 2021 (FY21) Exploration Program under the Earn-In & Joint
Venture agreement has been advised by joint venture partner St Barbara
Limited for the Lake Wells Gold Project
• Extensive regional scale drilling program up to c.30,000 metres comprising:
o Up to 425 Air-Core (AC) holes for approximately 25,500 metres
o Up to 19 Reverse Circulation (RC) holes for approximately 3,400 metres
o Up to 3 diamond drill (DDH) holes for approximately 900 metres
• Extensive infill drilling to the Yamarna target area with program extending into
the northern tenement areas (refer Figure 2)
Australian Potash Limited (ASX: APC) (APC or the Company) is pleased to advise the
details of the planned FY21 drilling program at the Lake Wells Gold Project by joint-venture
partner St Barbara Limited (ASX: SBM).
Under the terms of the 2018 Earn-in & Joint Venture Agreement between APC and SBM,
SBM committed to spend a total of $5.25m to earn a 70% interest in the Lake Wells Gold
Project. APC’s remaining 30% interest will be free-carried until the completion of a bankable
feasibility study on any orebody in the project area.
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