Last 1.18 GBp
Change Today +0.03 / 2.61%
Volume 658.2K
AFPO On Other Exchanges
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As of 11:35 AM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

african potash ltd (AFPO) Snapshot

Open
1.10 GBp
Previous Close
1.15 GBp
Day High
1.18 GBp
Day Low
1.08 GBp
52 Week High
12/31/13 - 4.88 GBp
52 Week Low
12/12/14 - 1.02 GBp
Market Cap
3.6M
Average Volume 10 Days
3.4M
EPS TTM
-0.0090 GBp
Shares Outstanding
301.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for AFRICAN POTASH LTD (AFPO)

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african potash ltd (AFPO) Details

African Potash Limited is engaged in the potash exploration activities in Africa. It holds a 70% interest in the Lake Dinga project located in the Kouilou region of the Republic of Congo. The company is based in St Peter Port, the Channel Islands.

11 Employees
Last Reported Date: 12/31/13

african potash ltd (AFPO) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $100.0K
Compensation as of Fiscal Year 2013.

african potash ltd (AFPO) Key Developments

African Potash Limited Announces Completion of Second Exploration Drill Hole

African Potash Limited announced the completion and intersection of multiple potash seams at its second exploration drill hole at its Lac Dinga Potash Project in the Republic of Congo. This latest drill hole was completed at one of two target locations delineated from seismic data at Lac Dinga and to have successfully intersected potash mineralization. LDDH_002 intersected a 112m thick salt sequence. The salt sequence includes multiple potash seams totaling about 48m which represents 43% of the total interval. The salt sequence in LDDH_002 confirms laterally extensive salt and potash mineralization which is characteristic of the Congolese costal basin - further underpins the Project's potential to host a significant commercial deposit. The salt sequence intersected in LDDH_002 shows internal similarity to that of LDDH_001 and suggest laterally extensive potash horizons at shallow depth. About 250 km2 of the license area is interpreted to be underlain by salt-bearing strata and to occur at a depth of about 300m to 420m below surface.

African Potash Announces First Exploration Drill Hole Completes Intercepts Potash Mineralization

African Potash announced that it has successfully intersected potash mineralization at its Lac Dinga Potash Project in the Republic of Congo ('Lac Dinga').  LDDH_001 drill hole is the first of two holes to be completed within the Project area. Highlights: LDDH_001 intersected a 120m thick salt sequence from about 415m below surface; the salt sequence includes multiple potash seams totaling about 40m, which represents 35% of the total interval; the salt sequence in LDDH_001 confirms the laterally extensive salt and potash mineralization in the Congolese costal basin; about 250km2 of the licence area is interpreted to be underlain by salt-bearing strata and to occur at a depth of about 300 to 420m below surface; the salt sequence is expected to thicken from the basin margin to a maximum of about 400m in thickness in the south west of the licence area; first exploration drill hole one of two targets delineated from seismic data; and drilling of the second hole (LDDH_002) has commenced. African Potash based the siting of the first two drill holes on the interpretation of about 415 line kilometres of 2D oil industry seismic data that covered an area of approximately 470km2. The objective for the maiden drilling programme was to test the interpreted locations for the presence of the prospective salt sequence and for the development of high-grade sylvite (KCl) within the carnallite [KMgCl3x6(H2O)] bearing layers. The seismic data indicates laterally flat to moderately undulating and undisturbed salt horizon throughout the target area for LDDH_001. LDDH_001 was drilled in the southern part of the Project area near the basin margin where a reduced but potentially potash enriched salt sequence was interpreted. LDDH_001 was stopped at a depth of 533m and intersected the salt sequence at about 415m below surface. Immediately above the salt is a 12m thick impermeable layer of anhydrite and clay. The base of the salt is at 525m below surface underlain by siltstone and dolomite. The salt sequence measures about 120m and is composed of two salt cycles that are separated by a 7m thick layer of claystone.  The salt sequences contains cumulatively 40m of potash beds which represent about 35% of the total interval. This is a significant concentration of potash mineralization near the basin margin. There are no analytical results available as yet as the core awaits processing and sampling. However, the down-hole natural gamma profile confirms observations from geological logging of multiple thick (up to 7m thick) potash beds. The mineralogy of the potash beds cannot be confirmed at present. It is possible that the beds consist of carnallitite and +/-sylvinite, however the quantification of each mineral can only be determined from chemical analysis. The historic drill hole information confirms the development and presence of potash mineralization in the form of sylvinite and carnallitite in the area immediately to the south (~5km) of the Project area.  The records refer to layers of sylvinite and/or carnallitite developed in the same stratigraphic position as those exploited in the nearby Holle historic potash mine. Drilling for LDDH_002 commenced on 7 September 2014. The drill hole is expected to intersect the salt sequence between 350 and 400m below surface. Further details on the results of this drilling will following in due course.

African Potash Limited Announces an Update Regarding Drilling Activities at its Lac Dinga Potash Project

African Potash Limited announced an update regarding drilling activities at the Company's Lac Dinga Potash Project in the Republic of Congo. Further to the announcement on 23 June 2014 regarding the appointment of RCT srl to undertake a maiden 1,000m diamond drill programme at Lac Dinga, the rig is now being mobilised and is anticipated to commence drilling at the first location within a few days. This first phase drill programme, which will consist of two vertical rotary/diamond drill holes to a depth of ~500m, will test two high priority targets which demonstrate the potential for high-grade potash mineralisation based on the interpretation of seismic data. The objective for the maiden drilling programme is to test the interpreted prospective salt sequence for the development of high-grade sylvinite (KCl) horizons within the basin-wide carnallite [KMgCl3 x 6(H2O)] layer. The initial programme will include two approximately 400m to 500m deep vertical drill holes. It is expected that the holes will intersect the evaporite horizon between 300m and 350m below surface. The drill holes are planned to be drilled as open rotary holes through the cover sequence consisting of mainly poorly consolidated sandstones, limestone and dolomites, and to be cased to the top of the salt and then PQ size (~9cm diameter) core drilling into the evaporite formation.

 

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