- A pre-feasibility study (PFS) for Parkway Minerals' (PWN) Karinga Lakes Potash Project (KLPP) has been completed
- Pleasingly, Parkway reports the PFS highlights KLPP as a potentially attractive producer of high-quality, soluble grade, sulphate of potash (SOP)
- The project's been assigned an initial capital cost (CAPEX) of $80 million and a production cost (OPEX) of $293/t of SOP
- While Karinga Lake's Indicated Mineral Resource sits at 1 million tonnes of potassium
- And, the estimated annual earnings before interest, taxes, depreciation and amortisation (EBITDA) for KLPP is $18.6 million
- Parkway's MD has labelled the PFS completion as a major milestone for the company and its aMES Technology
- Shares in Parkway Minerals are currently trading down 9.52 per cent at 1 cent each
Parkway Minerals' (PWN) has completed and released the long-awaited pre-feasibility study (PFS) for its Karinga Lakes Potash Project (KLPP).
The study was prepared by Parkway and Verdant Minerals — which has a stake in the Northern Territory based KLPP — with Worley acting as study manager.
Read the full article on The Market Herald here: https://themarketherald.com.au/parkway-minerals-asxpwn-completes-pfs-for-karinga-lakes-project-2020-11-05/
