Dehai News

Danakali Investor Presentation

Posted by: Semere Asmelash

Date: Thursday, 11 June 2020


Thursday 11 June, 2020

Danakali Limited

Investor presentation

RNS Number : 6489P
Danakali Limited
11 June 2020
 

Announcement

Thursday, 11 June 2020

 

Danakali Investor Presentation

Danakali Limited (ASX: DNK, LSE: DNK, Danakali, or the Company) is pleased to share the Company's Investor presentation Colluli Project: ready for take-off , which covers Danakali's compelling investment case and provides an update on the Company's recent developments and future plans for the Colluli Potash Project (Colluli or the Project), located in Eritrea, East Africa.

Danakali's investment fundamentals:

• High quality Board and Executive team with deep project execution experience

• Developing one of the biggest, most advanced, high quality and potentially economically rewarding fertiliser projects in the world

• EPCM phase 1 complete, phase 2 completion in progress; construction planned in 2021

• Sulphate of Potash (SOP) is the premium, high margin potash type

• Advanced financing US$250M of funding1

• Binding 10-year offtake with EuroChem2, providing cashflow certainty

• First quartile operating costs of <US$150/t (mine gate)

• Unrivalled scale with 1.1Bt Ore Reserve and almost 200 year mine life

• Cashflow anticipated of US$85M p.a. at full production

• Lowest capital intensity and exceptional returns (NPV10, real US$439m, IRR 31.3%)

   Low cost

   Premium product

   Development underway

   Expected production and revenue targeted in 2022

Investor webinar

As a reminder, Danakali will host today a live webinar, where the CEO Niels Wage will provide an update on the Company's recent developments and future plans for Colluli. The event will be held today at 3pm Perth / 8am London. Further details of the event, along with a registration form, are available here .

The copy of the investor presentation is available on Danakali's website .

No new material information will be disclosed in the investor presentation and during the event.

For more information, please contact:

Danakali

 

Niels Wage

Chief Executive Officer

+61 8 6189 8635

Mark Riseley

Corporate Development Manager

+61 8 6189 8635

Corporate Broker - Numis Securities

UK IR/PR - Instinctif Partners

John Prior / James Black / Paul Gillam

+44 (0)20 7260 1000

Mark Garraway / Dinara Shikhametova / Sarah Hourahane

danakali@instinctif.com

+44 (0)207 457 2020


Visit the Company's website  

Follow Danakali on LinkedIn

Subscribe to Danakali on YouTube

Announcement authorised for release by the CEO of Danakali.


"ሓመድ ድበ ዕስለ" ብ ኣወል ስዒድ/ "Hamed Dibe Esle" by AWEL SAID

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