History Timeline

2022

Jan

Lake Wells SOP Project fully permitted with Mining Leases granted and Mining Proposal, Mine Closure Plan and environmental approval received

Feb

APC awarded $250,000 WA Government Regional Economic Development (RED) grant to support the Laverton Training Centre; training commences at the Laverton Training Centre

2021

Jan

High grade aircore results from the Lake Wells Gold Project show a mineralised corridor exceeding 9km in length, indicating prospectivity for hosting of significant gold deposit

Feb

Ministerial Environmental Approval received for Lake Wells SOP Project


K-BriteTM SOP product receives ECOCERT organic certification (Europe)


3 year Laverton School STEM program commences

 

Mar

NAIF approves $140m debt facility for Lake Wells SOP Project

 

Apr

FEED positions K-BriteTM at premium end of the SOP market


Debt issued to Lake Wells SOP Project to be granted Green Loan verification in line with the Green Loan Principles


Export Finance Australia obtains conditional credit approval for $45m debt facility


St Barbara Ltd acquires 70% interest in the Lake Wells Gold Project


Massive nickel sulphide targets identified at the Laverton Downs Project

 

Jul

Construction of Lake Wells village commences and production borefield development underway


EPA approval of the Lake Wells SOP Project Cultural Heritage Management Plan

Aug

Significant results from drilling at the Lake Wells Gold Project include 1.9m @ 14.35g/t from 73.5m with a geochemical signature analogous to a Kundana style of mineralisation


Refurbishment works commence at Laverton Training Centre

Sep

PWR Hybrid awarded preferred proponent status to develop the hybrid renewable energy microgrid at the Lake Wells SOP Project


K-BriteTM potassium sulphate SOP receives OMRI organic certification (USA)

Oct

K-BriteTM potassium sulphate SOP receives Australian Certified Organic Standard 2021 organic certification


Step rate testing of constructed bores underway to confirm condition and efficiency


Specialist consultant appointed to provide technical expertise on operations development

Nov

Initial short-term pump testing indicating flow rates consistent with hydro-model

2020

Mar

First agreement executed in SOP offtake program with Redox Pty Ltd for the distribution of 20,000tpa throughout Australia and New Zealand

Apr

Second agreement executed in SOP offtake program with Migao International (Singapore) Pte Ltd for the distribution of 50,000tpa throughout China

Jul

Third agreement executed in SOP offtake program with Mitsui & Co (Asia Pacific) for the distribution of 30,000tpa throughout Asia (excluding China)

Aug

Fourth agreement executed in SOP offtake program with Helm AG for the distribution of 30,000tpa throughout Europe

Sep

Environmental Protection Authority board recommends approval of the Lake Wells SOP Project


Inaugural Laverton Regional Schools STEM Innovation Day held and initiates long term investment in Laverton STEM program by APC

Oct

Export Finance Australia (EFA) commences a detailed assessment of, and due diligence on, the Lake Wells SOP Project


Finalisation of the FEED Study for the Engineering, Procurement and Construction of Australia’s first high penetration renewable power solution on a greenfields SOP minerals project development

Nov

Fifth agreement executed in SOP offtake program with Helm AG for the supply of 20,000tpa through the USA

Dec

Lake Wells SOP Project financiers' independent technical expert's report reviewing financial and technical metrics finalised; public benefits report and independent market report completed

2019

Jan

High grade (98%) returned from first field evaporated SOP with a total of 65kg from first production run

Feb

Final field work programs for Definitive Feasibility Study commence incorporating additional production and monitoring bores, diamond drilling, downhole geophysics and environmental monitoring program

Mar

Australian first, research collaborative 2 year controlled environmental study and broadacre field trials to commence, analysing the benefits of WA SOP fertiliser

Apr

Evaporation pond construction program commences at Lake Wells SOP Project to assess optimum commercial scale pond construction technique

Aug

Lake Wells SOP Project Definitive Feasibility Study released proving a low cost, efficient, 150,000tpa SOP  for a minimum of 30 years


Resource upgrade to 18.1mt of drainable SOP in the Measured category 

Sep

Trial pre-concentration pond confirms low brine seepage and low cost barrier construction

2018

Feb

EPA announced Lake Wells SOP Project development as an environmental review (no public comment)

Jun

Aircore drilling confirms continuity of gold mineralisation at the Yamarna Gold Project

Sep

Grant of Mining Leases at the Lake Wells SOP Project

Oct

APC enters into an Earn-In and Joint Venture Agreement with St Barbara Limited covering tenements at the Lake Wells Gold Project


Successful brine transfer from first harvest pond to second harvest pond at Lake Wells SOP Project and approximately 10t of potassium and sulphate bearing salts precipitated into the first harvest pond

Nov

  • 11t of potassium rich salts harvested from harvest pond 1
  • 13-14t of potassium rich salts crystallised in harvest pond 2
  • Transfer of +40t of concentrated brine into final harvest pond 3

Lake Wells SOP Project environment determined to be ideal for solar salt production

Dec

3t of potassium rich feeder salts delivered to Canning Vale pilot processing plant for production of SOP trade samples

2017

Mar

Lake Wells SOP Project Scoping Study completed and confirms Project's strong economic, financial and technical aspects

Apr

All approvals to build pilot evaporation ponds received - the ponds will provide bulk samples of potash salts

Jun

Acquisition of 3 tenements from AngloGold Ashanti to add to the footprint of the Lake Wells SOP Project

Sep

5 production bores and 5 monitoring bores installed at Lake Wells SOP Project with impressive airlift yields of over 20L/s and long term pumping to commence shortly

Oct

Pilot solar evaporation pond system commissioned with first fill of brine from site production bores at the Lake Wells SOP Project


Geotechnical field programs confirm the continuity of the modelled low-permeability clay layer immediately below the proposed evaporation pond area

Nov

Long term test pumping confirms assumptions of brine leakage from the clay sedimentary layer into the highly permeable basal sand layer, or the lower production aquifer

2016

Feb

Seismic survey doubles size of deep palaeovalley at Lake Wells SOP Project - total length of palaeovalley is now estimated over 20km with peak depths ranging from 150m-170m

Apr

Drilling intersects substantial widths of key basal sands at Lake Wells SOP Project

May

High grade assays point to significant maiden Resource at Lake Wells SOP Project


Final assays highlight Lake Wells SOP Project’s quality and scale

Jun

Maiden JORC Resource of 70Mt of SOP; development strategy for Lake Wells SOP Project to be accelerated

Oct

First planned test production bores successfully installed at Lake Wells SOP Project and return exceptional airlift development flow rates

Nov

Goldphyre Resources Limited (GPH) to change its name to Australian Potash Limited (APC)

Dec

Test pumping of 3 bores at Lake Wells SOP Project completed with very positive aquifer responses

2015

Jan

Anomalous gold and coincident zinc recorded from shallow first pass RC drill program at the Stinson Prospect - Laverton Downs Project


Shallow intercepts from 1m resampling including 3m @ 10.17g/t gold at the Laverton Downs Project

Mar

Brine pit sampling program across the Lake Wells playa lake system returns elevated to very high potassium (K) levels

Jun

Drilling indicates extensive brine aquifer with substantial potash potential

Dec

Mark Creasy controlled entity to become major shareholder


Completion of the Sale and Split Commodity Agreement with Lake Wells Exploration Pty Ltd, a company controlled by prospector Mark Creasy’s investment vehicle Yandal Investments Pty Ltd - this tripled the Lake Wells SOP Project area


Seismic survey defines palaeovalley up to 170m deep, highlighting significant potential of the Lake Wells Sulphate of Potash Project

2014

Jul

Encouraging nickel-copper and gold anomalies at the Lake Wells Project

2013

Dec

Encouraging shallow high grade composite gold intercepts recorded at the Laverton Downs Project

2012

Aug

Significant gold intercepts, including an end of hole intercept of 4m @ 4.71 g/t, identified at the Axford Prospect, Lake Wells Project

Sep

Significant gold intercepts confirmed with 1m split assays from RC & AC drilling at the Axford Prospect

Dec

Significant gold intercepts recorded from 8 drill holes at the Axford Prospect

2011

Dec

Goldphyre Resources Limited lists on the ASX – 20th December