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Update on Potash Project at Lake Disappointment |
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Thursday, 28 February 2008 |
The Lake Disappointment East Project is located in the Gibson Desert in Western Australia, approximately 400km from Newman. Low rainfall and high precipitation have resulted in evaporate salt deposits in the area.The Project area contains two key target lacustrine systems covering in excess of80km² of prospective drainage.
Potash prices are expected to reach record highs in 2008 driven by increasing populations placing demand on food supplies, as well as new demand from the biofuels industry.Potash is a generic term for potassium salts with its primary use as an ingredient in agricultural fertilisers. There is no known substitute for potassium as a plant nutrient. To view the full release Click Here
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