Australia

Danakali delivers first development phase on time and budget

Danakali Ltd (ASX:DNK) has successfully executed EPCM Phase 1 of the Colluli Sulphate of Potash (SOP) Project development and has now moved to Phase 2.

Phase 1 was delivered on schedule, on budget and in line with the front-end engineering design (FEED).

This takes the Colluli Project closer to the construction phase before progressing into planned production in 2022.

Work now involves securing key mining services agreements, optimising the execution strategy and updating the FEED estimate and execution schedule.

Several optimisation and cost-saving opportunities identified

Danakalis project director Tony Harrington said: "It has been a busy start to the year with a number of work streams being progressed.

“It is encouraging to see a collaborative team providing a strong professional approach, that is experienced and understands the importance of delivering a fit for purpose process plant with a shared objective to achieve the shortest path to revenue.

“The FEED pricing reconfirmation is underway, and we are pleased to have identifiRead More – Source