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Parkway Minerals has assembled a strategically important portfolio of high-quality mineral resource projects that are particularly well suited for potential development through either the aMES™ or K-Max® technology, should a suitable feasibility-study support a commercial-scale development.

 

The Parkway Minerals project portfolio is focused on the ultimate production of fertiliser minerals (potash and phosphates) as well as lithium and other mineral salts, which can be found in certain naturally occurring brines.

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Karinga Lakes Potash Project (KLPP) 

(PWN 15%, increasing to 40%, conditional option for 50.1%)

  • An extensive brine lake system that covers approximately 1,109km2 over pastoral land in the Northern Territory, Australia.

  • Ideally located, with major road and rail infrastructure located in proximity to the project, with regional gas options also available.

  • Consists of a chain of dry salt lakes and is located within the Central Australian Groundwater Discharge Zone.

  • Extensive resource appraisal studies have been performed by JV partner Verdant Minerals since 2010.

Acquisition Rationale

  • Advanced stage resource appraisal in combination to proximal infrastructure, particularly the Lasseter Hwy, provide near-term project commercialisation options.

  • Potential to rapidly develop a more capital efficient and sustainable development concept based on the aMES™ technology.

  • The aMES™ pathway potentially eliminates the requirement for flotation, process steam, gas pipeline and a freshwater bore field, which collectively represent major costs in the traditional SOP production flowsheet previously evaluated.

  • Attractive opportunity for Parkway Minerals to showcase the advantages and transformative potential of the aMES™ technology.

 

Additional Information

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New Mexico Lithium Project (NMLP) 

(PWN 70%, increasing to 100%)

  • Covers ~40km2 of federal Bureau of Land Management (BLM) claims, in New Mexico, United States.

  • Ideally located, with major road, rail, gas and power infrastructure passing through or adjacent to the project area.

  • Highly prospective for hosting lithium and possible potash resources.

 

Acquisition Rationale

The NMLP is located in a region of high heat-flow including hot-springs and covers the central portion of a large drainage basin that is defined by lithium bearing rhyolites. The playa sediments have been sampled and found to host lithium. Several historical wells on the flanks of the central playa have been reported to have encountered hypersaline brines, providing encouragement that potassium and lithium containing brines may also be present in the project area. The presence of sub-surface brines, which are expected to be at an elevated temperature, and potentially contain lithium, represent an attractive proposition for Parkway Minerals, as such a resource may be amenable to direct processing brine with the aMES™ technology.

 

Additional Information

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Dandaragan Trough Project (DTP) 

(PWN 100%)

  • Covers 130km2 of exploration licences, in Western Australia.

  • The Dandaragan Trough hosts one of the world’s largest glauconite/greensands deposits, containing abundant phosphorus and potassium.

  • The DTP has excellent connectivity to transport facilities, infrastructure and proximity to local and regional markets.  

 

Acquisition Rationale

The objective is to produce phosphate and sulphate of potash fertilisers and a range of valuable by-products from the phosphate and glauconite present within the sediments of the DTP through the application of the K-Max® technology.

 

Additional Information

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Davenport Potash Project Portfolio (ASX:DAV) 

(PWN ~21% shareholding in ASX:DAV)

  • Parkway Minerals owns ~21% of Davenport Resources (ASX:DAV).

  • The DAV project portfolio includes ~200km2 of perpetual mining licences across three projects and ~458km2 of exploration licences across two projects, in the South Harz region of Central Germany.

  • The mining licences were subject to detailed drilling in 1960’s and 80’s, when the field was owned by the state-owned Potash Mining Corporation of East Germany.

  • The review of historical drill data has enabled the delineation and reporting of a substantial JORC (2012) compliant Inferred Resource in the order of 5 billion tonnes at an average grade of 10.6% K2O.

 

Acquisition Rationale

The potash resources delineated by Davenport Resources, represent a globally significant source of potash, and is of strategic importance for Parkway Minerals. A large proportion of the inferred resources at Ebeleben and Muhlhausen/Kullstedt contain substantial potash minerals, including carnallite which is amenable to solution mining, a process which itself is well suited to the application of the aMES™ technology.

 

Additional Information