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LD: Largest SOP deposit in the world, page-14

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    There is a new kid on the block
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    0 River Rock EnergyA Major New Australian Potash Company - IPORiver Rock Energy (RRR) is an Australian based Potash Company that has just released a Prospectus with a view to list onto the ASX via IPO. We are offering HotCopper participants priority placement in this IPO. Overview: River Rock Energy is an Australian mineral exploration company looking to identify and produce Sulphate of Potash (SOP). Potash in the form of SOP is a premium fertiliser that improves yield, taste and extended shelf life of commercial crops. River Rock Energy (RRR) has over 2,880 square km of granted Exploration Licenses, which has initial Native Title Land Access approved and a JV with the local indigenous people secured. Initial field work conducted by RRR has resulted in over 130 surface brine samples collected from the RRR licenses and analysed by an independent laboratory. These returned an outstanding average grade of 21.56 kg/m³ SOP. River Rock Energy is raising a minimum of $4,000,000 to complete an exploration drilling program with the ultimate aim to build an SOP JORC Compliant Resource. For every RRR share you hold 3 months post listing, you will receive one free attaching option exercisable at 30 cents.
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    [/table][/table][/table][/table]
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    0 Key Investment Highlights:
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    • Early stage potash explorer in Western Australia in a province with significant known existing potash reserves.
    • Both the Percival Lakes and Lake Auld South Projects have significant potash exploration potential.
    • Well defined strategy with a targeted short and medium term exploration program.
    • The Percival Lakes and Lake Auld South Projects comprise 7 granted exploration licenses over which the Company has a 90% beneficial and joint venture interest, while the traditional owners, the Martu People have a 10% beneficial and joint venture interest, which is free carried to the decision to mine.
    • The Company has entered into a land access and joint venture agreement (LAA) with the Martu People, over the 7 Project exploration licenses. The LAA enabled the grant of the 7 Project exploration licenses and provides access and exploration rights to the Company.
    • Current SOP delivery price of circa $700 USD/tonne.
    • High quality, low cost solar recovery production already proven and in use at other mine sites around the world.
    • Access to infrastructure, including existing roads to coastal port.
    • Experienced technical and management teams already in place.
    • Outstanding results from initial field coring and brine sampling resulted in an average grade of 21.56 kg/m³ SOP.
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