ADY 0.00% 0.8¢ admiralty resources nl.

a potash play as well

  1. 3,731 Posts.
    Well, it looks like we have one, only one serious junior potash play on ASX, that is RWD.

    But the potential of ADY's Rincon should not be underestimated.

    RWD has 27mt in K2SO4 at 3.17kg/t resources
    ADY had 60mt in K2SO4 (eq) at 13kg/t (51mt in KCL)

    As study indicated, potash is only a by-products of Li2CO3, to produce 17,000t of Li2CO3, ADY should have produced about 70,000t potash (in KCL).

    70,000t potash is nothing more than a ice on the top of cake right now.

    But ADY could easily reconfig. the evaporation plant to produce potash if demand is good.

    I think ADY is a serious potash play, complement to RWD to balance the geopolitical risk, and products mix.
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