Agrimin Limited

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 Potash Project located in Western Australia. Agrimin’s strategic focus on Sulphate of Potash (SOP) is motivated by excellent market fundamentals which are supportive for the creation of a new large-scale SOP producer. Growth in demand for fertilisers, 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 Potash Project spans 4,370 square kilometres and is situated on the world’s largest undeveloped SOP-bearing salt lake. Agrimin’s first 40 years of planned operations are supported solely but SOP resources the top 5 metres of the deposit. Drilling has confirmed that the deposit extends to over 200 metres depth. On 21 July 2020, Agrimin reported the results of a positive Definitive Feasibility Study. Agrimin has progressed the project from an exploration phase to a substantial development project with significance to the local region and the State of Western Australia. Agrimin has signed a Native Title Agreement with the Kiwirrkurra people which provides the necessary consents for the project’s development and operations. The local Kiwirrkurra people have provided strong support to Agrimin and are enthusiastic about the range of opportunities that a long-term and large-scale project can create. The Mackay SOP Project has the potential to provide substantial benefits, including support for a number of land projects that are being implemented under the Kiwirrkurra IPA Plan for Country which manages and protects the biodiversity and cultural resources within the vast Kiwirrkurra region.