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AGRIMIN LIMITED

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Agrimin Limited is a Western Australian based minerals company and is listed on the Australian Stock Exchange (ASX: AMN). Agrimin has 100% ownership of the large-scale Mackay Sulphate of Potash (SOP) Project located in Western Australia.

Agrimin’s strategic focus on SOP is motivated by excellent market fundamentals which are supportive for the creation of a new large-scale SOP producer. Growth in demand for fertilizers, including SOP, is forecast to be driven by the world’s need to feed growing populations from shrinking arable land resulting in the need to improve agricultural yields. Accordingly, Agrimin expects that SOP deposits throughout Western Australia will become an important source to meet increasing world demand.

The Mackay SOP Project is situated on a Western Australian salt lake and spans 2,560 square kilometers. The Project contains the world’s largest known Mineral Resources of brine-hosted SOP and the deposit only extends to an average depth of only 24.7 meters. In August 2016, Agrimin reported the results of a positive Scoping Study.

Agrimin has a strong working relationship with traditional land owners and the Company believes the Mackay Project can create greatly improved community and employment opportunities for the Aboriginal people of local communities.

The Mackay Sulphate of Potash (SOP) Project comprises of seven tenements covering a total area of 2,560 square kilometers. The Project covers the majority of Lake Mackay, which is a Western Australian salt lake, and contains the world’s largest known Mineral Resources of brine-hosted SOP.

The Project is situated in Western Australia approximately 540 kilometres north-west of Alice Springs, Northern Territory. The Project is accessed from Alice Springs by road. Major airline access is via daily commuter flights to the Alice Springs International Airport. The Adelaide-to-Darwin transcontinental railway also connects Alice Springs to the north and south coasts of Australia.
The Mackay SOP Project has Indicated Mineral Resources of 4.3 million tonnes and Inferred Mineral Resources of 18.9 million tonnes of SOP (based on specific yield) at a Potassium concentration of 3,603 mg/L of brine. The Mineral Resources are estimated on the basis of brine volume from surface to an average depth of only 24.7 meters.


In August 2016, Agrimin reported the results of a positive Scoping Study for the Project.

Agrimin has executed a Land Access Agreement with the Kiwirrkurra people and the Company is encouraged by the high level of support that local Aboriginal people are providing. Agrimin believes the Mackay SOP Project has the potential to lead to greatly improved community and employment opportunities for the people of local communities
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Brad Sampson B Eng (Mining) Hons, MBA, AMP, GAICD, MAusIMM
Chairman and Non-Executive Director
Appointed: 22 April 2016
Mr Sampson is an internationally experienced business leader, director and mining professional with 30 years resources industry experience. In addition to significant project development and operating experience, he is an experienced director with listed and non-listed company and joint venture governance experience across multiple international jurisdictions. Brad has been the Managing Director of Discovery Metals Ltd and held senior management roles in resources and engineering companies including Newcrest Mining, Gold Fields, and Thiess. His experience covers the entire cycle of exploration, development, operations and closure, and includes equity and debt funding of resources projects, government relations and product marketing.


Mark Savich B Comm, GradDipMinExplGeoSc, CFA, CA, GAICD
CEO and Executive Director
Appointed: 1 December 2012
Mr Savich has over 13 years of technical and financial experience in the resources industry, dealing from early stage exploration through to production. He is skilled in project identification, technical and economic evaluation and public company management. Mr Savich holds a Bachelor of Commerce from the University of Western Australia and a Graduate Diploma in Mineral Exploration Geoscience from Curtin University. He is a CFA Charterholder, a Chartered Accountant (CA) and is a graduate member of the Australian Institute of Company Directors (GAICD).


Alec Pismiris B Comm, MAICD, AGIA
Non-Executive Director and Company Secretary
Appointed: 2 October 2013
Mr Pismiris has over 30 years of experience in the securities, finance and resources industry and is currently a director of five ASX listed companies. Since 1990 Mr Pismiris has served as a director and company secretary for various ASX listed companies as well as a number of unlisted public and private companies. Mr Pismiris completed a Bachelor of Commerce degree at the University of Western Australia, is a member of the Australian Institute of Company Directors and an associate of The Governance Institute of Australia. Mr Pismiris has participated numerous times in the processes by which boards have assessed the acquisition and financing of a diverse range of assets and has participated in and become familiar with the range of evaluation criteria used and the due diligence processes commonly adopted in the commercial assessment of corporate opportunities.


Tom Lyons B Sc (Geology)
General Manager – Exploration and Development
Appointed: 22 March 2014
Mr Lyons is a Geologist with a Bachelor of Science degree from the University of Western Australia. Mr Lyons has broad experience in a range of commodities including industrial minerals, precious and base metals and bulks. He has worked in a number of different roles throughout parts of both Australia and Europe, including having previously conducted exploration programs in the East Pilbara region of Western Australia. Mr Lyons also has experience in corporate development and financing activities.
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AGRIMIN SIGNS LANDMARK NATIVE TITLE AGREEMENT
  • Native Title Agreement signed with the Kiwirrkurra people, the recognised native title holders of the land at the Mackay SOP Project
  • Agrimin has received heritage clearance for an on-lake area of 2,384km2 (238,400ha) which covers almost the entire area containing SOP Mineral Resources within the Kiwirrkurra determination
  • The agreement is a major approval that provides consents for a Mining Lease to be granted
Agrimin Limited (ASX: AMN) (“Agrimin” or “the Company”) announces that it has signed a Native Title Agreement for its Mackay Sulphate of Potash (“SOP”) Project in Western Australia. The agreement was signed at the Kiwirrkurra community on 8 November 2017 by representatives of Agrimin and Tjamu Tjamu (Aboriginal Corporation) RNTBC, the native title registered body corporate for the Kiwirrkurra people.

Mark Savich, CEO of Agrimin said: “We are honoured to be the first company to sign a Native Title Agreement with the Kiwirrkurra people. We are committed to developing and operating the Mackay SOP Project in manner that leads to jobs, economic benefits and other opportunities which the Kiwirrkurra people desire, and in a manner that further strengthens the relationship between us.” “We thank the Kiwirrkurra people and their advisers at Central Desert Native Title Services for the spirit in which the negotiations were undertaken.

The process has concluded ahead of schedule and has delivered excellent outcomes that maximise the Project’s attractiveness for financing and development.”

Matthew West, on behalf of the Kiwirrkurra people said: “We have entered into this historic Native Title Agreement for the Mackay SOP Project, which is the first agreement of its kind for the Kiwirrkurra people. We are very pleased to support Agrimin in building a world-class potash fertilizer operation on our land.” “We look forward to hosting the establishment of an exciting new Australian export industry and contributing to the creation of opportunities for our people.” The Mackay SOP Project’s proposed development and operations area is situated within the Kiwirrkurra native title determination.

In December 2014, Agrimin and Tjamu Tjamu signed a Mineral Exploration and Land Access Agreement under which the Company has completed extensive exploration and development activities over the last three years. Throughout this time the Company has engaged in continuous consultation and attended biannual Kiwirrkurra community meetings.

This is a paid advertisement. HotCopper does not endorse, approve or take responsibility for the statements made.
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