Project Overview | Germany
Parkway Minerals NL has a plan to produce both phosphate and potash products. PWN sees the Dandaragan Trough (north of Perth, Western Australia) as having fundamental cost advantages to delivery into the local and Asian markets, but recognizes other markets may be better served by local production. PWN has built a strong team with an expertise base in fertilisers and continues to search for synergistic opportunities to add the value of the Company’s assets.
The Company owns 19.2m shares in Davenport Resources (ASX:DAV), focused on developing high grade potash deposits in Germany. This potentially provides an opportunity to deliver potash products into European markets more favourably than can be achieved from the Company’s Western Australian deposits, on from existing suppliers.
Davenport Resources through its 100% owned subsidiary, East Exploration Gmbh, [EEG]) has exploration licences for potash in established potash producing areas in South Harz, Thuringia, Germany.
Further information is available at the Davenport Resources website www.davenportresources.com.au.