Zenith Minerals has acquired the Yalgoo potash brine project in Western Australia via three 100% owned exploration licences.
The company has also announced plans to demerge its non-Battery Minerals projects, including the Yalgoo potash project, into one or more new companies to be listed on ASX.
The Yalgoo potash brine project is located 250km east of the Geraldton port, within the Yamatji determined Native Title Claim.
The potash brine target was identified during the assessment of regional government airborne electromagnetic (AEM) geophysical data as part of Zenith’s ongoing exploration program on its nearby Waratah Well lithium project.
“Whilst assessing regional government geophysical data on our Waratah Well lithium project, the technical team identified a very large potash brine target located southeast of Yalgoo, adjacent to the main Mt Magnet Geraldton Road,” said Managing Director Mick Clifford in an ASX Announcement.
“If drill testing is successful in confirming the presence of sub-surface potash rich brines, then this project has a potential major logistical advantage over competitor projects being located only 250km from the port of Geraldton. Most competitor Western Australian potash brine projects are located hundreds of kilometres from port facilities, with the transport of potash product to coastal port being a significant component of the total operating costs of these projects.”