Danakali is pleased to advise that Somers and Partners have issued an updated research note on Danakali. The Company announced on 3 May 2017 that the optimisation phase of the front-end engineering design (FEED) process has been completed and that in addition to identifying a number of significant development capital reduction opportunities, systematic debottlenecking of the definitive feasibility study (DFS) processing plant configuration has liberated an additional 47kt per annum of expected SOP out put capacity, increasing expected Module 1 annual SOP output to 472kt.
Somers and Partners maintained a BUY rating for Danakali and increased the share price target to A$1.12/share.
Danakali has a completed a definitive feasibility study (announced 30 November 2015) which demonstrates a world class project with a massive 1.1 billion tonne ore reserve, industry leading capital intensity, bottom quartile operating costs and unrivalled product diversification potential. The Company continues the advancement of the project to construction and production.
The Research Note can be found here :
http://www.danakali.com.au/item/somers-and-partners-feed-update-note |
