23rd Nov 2015 09:30
LONDON (Alliance News) - Wildhorse Energy Ltd on Monday said aircore drilling undertaken at the Lake Wells potash project in Western Australia has confirmed deeper potential for the site.
The drilling confirmed the continuation of the brine at depth at the project and identified permeable rock units, which could provide a productive acquifier for brine extraction.
Earlier this month, Wildhorse secured a maiden mineral resource estimate for the project which indicated up to 29.0 million tonnes of sulphate of potash is in place for extraction.
Shares in Wildhorse were untraded in London on Monday, having last traded at 9.66 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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