AUSTRALIAN POTASH LIMITED

Materials

Australian Potash Limited is a Sulphate of Potash (SOP) developer. The Company holds a 100% interest in the Lake Wells Potash Project located approximately 500kms northeast of Kalgoorlie, in Western Australia 's Eastern Goldfields. The Lake Wells Potash Project is being explored for the premium fertiliser mineral Sulphate of Potash (SOP), contained within the lake brines. Targeting the domestic demand from Australian farmers and the burgeoning demand from East Asia for this essential plant macro-nutrient, the Lake Wells Potash Project’s location, access to infrastructure, including roads, rail and air services, and the very strong potassium (K) grades returned to date, all highlight its strong technical and commercial merits. In addition to the highly prospective Lake Wells Potash Project, Australian Potash’s project portfolio comprises the Lake Wells Gold Project (subject to a 70% Earn-Out and JV Agreement with St Barbara Mines), and the gold and base metals prospective Laverton Downs Project.