TSXV:AAA.P - Post by User
Post by
klamaAAAon Aug 07, 2013 1:56pm
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mining permit...
mining permit...
Allana Potash up on Ethiopia project update
Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, August 7, 2013 VANCOUVER (SHfn) –-
Allana Potash Corp. (
TSX: T.AAA,
Stock Forum) climbed 4.7% to 44.5 cents on Wednesday after the exploration and development company said, after submitting complete mining permit documentation to the Ministry of Mines of Ethiopia, it is now entering the stage of final clarifications on certain aspects with the Ethiopian government and expects the approval of the mining permit for its Danakhil Potash project in the next few weeks. The Danakil Potash project, located in Ethiopia’s northeastern Danakil Depression, has a combined measured and indicated resource estimate of 2.5 billion tonnes containing 438.2 million tonnes grading 17.9% KCI. Furthermore, the company has successfully advanced talks on both off-take and equity investment with a number of large fertilizer companies in the last several weeks. Under the current conditions in the sector, the interest in Allana's low-cost potash project has increased and some of these organizations are now pursuing a potential partnership agreement with Allana.