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Potash West NL, Very Positive Results Produced by Scoping Study for Low Cost Dandaragan Superphosphate Project

HIGHLIGHTS:

-  Study confirms technical & financial viability of single superphosphate (SSP) production at the Dandaragan Trough Project
-  Phosphate resources at Dinner Hill can support an operation producing over 340,000 tpa of SSP for over 20 years
-  Ability to produce commodity grade SSP confirmed
-  Average Revenues per year of A$131 million
-  Estimated average total annual cash costs of A$97.6 million
-  IRR of 26%
-  NPV8% of A$218 million
-  Low capital costs of $144M, inclusive of indirect costs
-  Payback in under four years
-  Straightforward, established mining method
-  Low cost and simple processing
-  Progressing towards a Definitive Feasibility Study.

Potash West (the Company) (ASX:PWN) is pleased to announce it has received positive results from a Scoping Study targeting single superphosphate production on its wholly owned Dandaragan Trough Project, located 150km north of Perth in Western Australia.


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