Danakali’s Eritrea potash project attracts A$6.7m

ASX-listed Danakali is looking to raise A$6.7-million through the issue of 20.2-million shares, at A$0.33 apiece, which will be used to advance the development of its Colluli potash project, in Eritrea. MD Paul Donaldson said on Friday that the placement was testimony to how the international profile of the project, with an estimated mine life of over 200 years, has grown. “This is a clear endorsement of the project, the jurisdiction and the company. It also demonstrates the attractiveness of the Colluli project and Danakali as an emerging agri-commodity company,” he added.