Danakali Limited (ASX:DNK) is pleased to advise that the Colluli Mining Share Company (“CMSC”) has been
awarded Mining Licenses for the exploitation of mineral resources within the Colluli tenements. This
follows the signing of a Mining Agreement between CMSC and the Eritrean Ministry of Energy and Mines.
The Mining Agreement provides exclusive access to CMSC over the 1.3 billon tonne Colluli JORC-2012
compliant potassium resource and associated minerals. CMSC applied for, and were awarded seven
mining licenses which span over 60km2 of the 100km2 Agreement area, and represent over 60 years of
the 200-year mine life determined in the definitive feasibility study1
(“DFS”). Additional licenses can be
applied for within the Agreement area as required to sustain and/or grow operations.The licenses allow exploitation of potassium, calcium, sodium, and magnesium salts from the Collulir esource, as well as bromine. The focus of the highly favourable DFS is a two-stage modular development for the production of Sulphate of Potash (“SOP”) which is a high quality, chloride free multi-nutrient potash type with limited primary production centres globally. There is significant growth potential through the monetisation of other salts within the resource and diversification of potash product types.Read More

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