Danakali investment case - African Mining Indaba
Source: RNS|
Announcement |
Monday, 3 February 2020 |
Danakali investment case
Danakali Limited (ASX: DNK, LSE: DNK, Danakali or the Company) is pleased to share the Company's Investing in African Mining Indaba conference presentation. Indaba takes place this week and will be attended by members of the Danakali Executive team. The presentation covers Danakali's compelling investment case[1]:
· High quality Board and Executive team with deep project execution experience
· Binding 10 year offtake with EuroChem
· US$250m of funding
· Sulphate of Potash (SOP) is the premium, high margin potash type
· First quartile operating costs
― <US$150/t (mine gate)
· Unrivalled scale
― 1.1Bt Ore Reserve and almost 200 year mine life
· Strong cash flow
― US$85M p.a. to Danakali at full production
· Lowest capital intensity and highest returns
― Danakali NPV10,real US$439m, IRR 31.3%
è Low cost
è Premium product
è Development underway
è Production and revenue in 2022
View the presentation here: https://www.danakali.com.au/investor-relations/corporate-presentations
Announcement and presentation authorised for release by the CEO of Danakali.
For more information, please contact:
Danakali |
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Niels Wage Chief Executive Officer +61 8 6189 8635 |
Todd Romaine Chief Sustainability Officer +1 (604) 365 5999 |
Corporate Broker - Numis Securities |
UK IR/PR - Instinctif Partners |
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John Prior / James Black / Paul Gillam +44 (0)20 7260 1000 |
Mark Garraway / Sarah Hourahane / Dinara Shikhametova danakali@instinctif.com +44 (0)207 457 2020 |
Visit the Company's website: www.danakali.com
Follow Danakali on LinkedIn: www.linkedin.com/company/danakali-limited
Subscribe to Danakali on YouTube: www.youtube.com/channel/UChGKN4-M4lOvPKxs9b-IJvw
[1] DNK announcements 29-Jan-18, 19-Feb-18, 12-Jun-18, 3-Dec-19 & 23-Dec-19
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