Australian Potash Ltd (ASX:APC) managing director and CEO Matt Shackleton joins Proactive’s Andrew Scott to highlight positive quarterly results and higher than expected grades and volumes from the Lake Wells Sulphate of Potash (SOP) Project in Western Australia. The company has now drilled 20 of 90 production wells on the project, and evidence has so far indicated APC’s modelling is on the conservative side - in essence Australian Potash believes it will be able to produce more potash at lower capital expenditure than originally expected. APC also recently opened an entitlement offer to raise up to $7.68 million, intended to support the development of the company’s projects.
Australian Potash to assess increased production model based on high volumes and grades
