Last 2.88 GBp
Change Today -0.025 / -0.86%
Volume 3.9M
AFPO On Other Exchanges
Symbol
Exchange
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As of 11:35 AM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

african potash ltd (AFPO) Snapshot

Open
2.88 GBp
Previous Close
2.90 GBp
Day High
3.13 GBp
Day Low
2.88 GBp
52 Week High
12/31/13 - 4.88 GBp
52 Week Low
11/7/13 - 1.38 GBp
Market Cap
8.2M
Average Volume 10 Days
1.6M
EPS TTM
-0.0090 GBp
Shares Outstanding
285.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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 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.

African Potash to Begin Drilling in July, 2014 at Congo Project

African Potash has selected RCT to undertake its drilling programme at its Lac Dinga Potash Project in the Republic of Congo-Brazzaville. The company also announced that the drilling work will begin in July, 2014 and will be focused on testing the basin margin to determine the level of potash mineralisation. It will consist of two holes drilled to a depth of 500 metres and the company expects the campaign to be completed by September. African Potash's project is the Lake Dinga in the Kouilou region of Congo, which is considered a highly prospective area.

African Potash Completes Interpretation of Seismic Data and Delineated Four Prospective Drill Targets at its Lac Dinga Potash Exploration Project

African Potash announced that it has completed the interpretation of seismic data and delineated four prospective drill targets at its Lac Dinga Potash Exploration Project in the Republic of Congo. The delineation of the target areas marks the conclusion of the planning and preparation phase, as African Potash prepares to commence a maiden drilling programme. Interpreted 415 line kilometres of recent oil exploration 2D seismic data covering 470km2 on and around the Lac Dinga licence area acquired in March 2014. Delineated four target areas of which two areas will be tested initially - targets identified near the basin margin where favourable conditions are interpreted for the formation of high-grade potash mineralisation. About 250km2 of Lac Dinga is interpreted to be underlain by prospective salt bearing strata and to occur at a depth of about 250m to 350m below surface. Salt sequence is expected to measure up to approximately 400m in thickness in the south west of the Project area. Drilling on track to commence in the third quarter of 2014 with two holes scheduled to be drilled by September 2014. Drilling programme will include two vertical rotary/diamond drill holes for a total of about 1,000m. Objective for the drilling programme is to test the interpreted prospective salt sequence for the development of high-grade sylvinte horizons within the basin-wide carnallite layer.

 

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